1816 34th St NW
RochesterMN55901
Cheap Homes for Rent near Lake City, MN from $925 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lake City.
1872 Deerhaven Ln NE
RochesterMN55906
2312 Valleyhigh Dr NW
RochesterMN55901
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
3613 10th Ln NW
RochesterMN55901
260 Frenn Ave
Red WingMN55066
1821 28th St NW
RochesterMN55901
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Showing Results 1-6, Page 1 of 1
Lake City, MN Local Guide
Train by the river by Jerry Huddleston is licensed under CC BY 2.0
How much does it cost to rent a home in Lake City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake City 2 Bedroom Homes for Rent | $1,748 | $1,200 | $2,295 |
| Lake City 3 Bedroom Homes for Rent | $1,951 | $1,500 | $2,595 |
| Lake City 4 Bedroom Homes for Rent | $2,427 | $1,895 | $3,300 |
| Lake City 5 Bedroom Homes for Rent | $2,900 | $2,600 | $3,350 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Lake City, MN Local Guide
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Cheapest Available Lake City Apartments for Rent and Nearby
The cheapest available apartment rental in Lake City, MN is a 1 Bed unit found at RIVERS EDGE RESIDENCES priced from $775. Dunn County has the second lowest priced unit, which is a 1 Bed apartment currently listed from $836. Here is today’s list of the most affordable Lake City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RIVERS EDGE RESIDENCES | 1 BED 1 BATH | 1BR,1BA | $775 |
| Dunn County | One Bedroom | 1BR,1BA | $836 |
| Essex Place | One Bedroom - Finch | 1BR,1BA | $945 |
Best Value Apartments for Rent in Lake City, MN and Nearby
As of August 23, 2026 the best value apartment in the Lake City area is the $1.15 price per square foot 2 Bedroom Income Restricted Model at Georgetowne Homes in the in the Northwest Rochester neighborhood starting from $1,370. The second greatest value Lake City apartment is the Three Bedroom - Loon Model at Essex Place starting at $1,570 with a $1.37 price per square foot in the Northwest Rochester neighborhood. Here is today’s list of the best values for Lake City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Georgetowne Homes | 2 Bedroom Income Restricted | 2BR,2BA | $1.15 |
| Essex Place | Three Bedroom - Loon | 3BR,2BA | $1.37 |
| Haven Apartments | 2 X 1 | 2BR,1BA | $1.53 |
| 301 Main Street South | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1.60 |
| Harvestview Place II | 2 Bedroom | 2BR,2BA | $1.40 |
| Dakota Townhomes | Two Bedroom | 2BR,1BA | $1.35 |
| The Gates of Rochester | Dartmouth | 2BR,1.5BA | $1.23 |
| Winchester Apartments & Townhomes | OHara | 1BR,1BA | $1.46 |
| Olympik Village Apartments | Zeus | 1BR,1BA | $1.44 |
| RIVERS EDGE RESIDENCES | 1 BED 1 BATH | 1BR,1BA | $1.14 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Frequently Asked Questions about Lake City
What type of rentals are currently available in Lake City?
There are currently 55 Apartments for Rent in Lake City, MN with pricing that ranges from $775 to $3,699. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake City ranging from $925 to $3,350.
What is the current price range for Rental Homes in Lake City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake City ranges from $925 to $3,350 with an average monthly rent of $2,051.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.