1328 East Ave
Red WingMN55066
Cheap Homes for Rent in Lake City, MN from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lake City.
2011 Viking Dr NW
RochesterMN55901
1302 12th Ave NW
RochesterMN55901
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
3422 19th Ave NW
RochesterMN55901
725 7th St NW
RochesterMN55901
1305 4th St NE
RochesterMN55906
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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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 | $1,658 | $1,400 | $1,950 |
| Lake City 3 Bedroom Homes for Rent | $2,065 | $1,300 | $3,675 |
| Lake City 4 Bedroom Homes for Rent | $2,221 | $1,800 | $2,800 |
| Lake City 5 Bedroom Homes for Rent | $2,431 | $2,100 | $2,900 |
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. The Gates of Rochester in the Northwest Rochester neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $989. 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 |
| The Gates of Rochester | Carlyle | 1BR,1BA | $989 |
| Great River Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $993 |
Best Value Apartments for Rent in Lake City, MN and Nearby
As of February 22, 2026 the best value apartment in the Lake City area is the $1.06 price per square foot 2 X 1 Model at Haven Apartments in the in the Northwest Rochester neighborhood starting from $1,700. The second greatest value Lake City apartment is the 2 Bedroom Model at Georgetowne Homes starting at $1,395 with a $1.17 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. |
|---|---|---|---|
| Haven Apartments | 2 X 1 | 2BR,1BA | $1.06 |
| Georgetowne Homes | 2 Bedroom | 2BR,2BA | $1.17 |
| Olympik Village Apartments | Apollo | 3BR,2BA | $1.13 |
| Nue 52 | 2BD/2BA | 2BR,2BA | $1.26 |
| Dakota Townhomes | Two Bedroom | 2BR,1BA | $1.24 |
| Crown Apartments | 2 Bed 1 Bath Small-Top Floor | 2BR,1BA | $1.56 |
| Great River Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.34 |
| Trailside Acres 1 | 2 Beds, 1 bath | 2BR,1BA | $1.48 |
| The Gates of Rochester | Carlyle | 1BR,1BA | $1.39 |
| 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
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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Frequently Asked Questions about Lake City
What type of rentals are currently available in Lake City?
There are currently 53 Apartments for Rent in Lake City, MN with pricing that ranges from $775 to $2,665. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake City ranging from $1,250 to $3,675.
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 $1,250 to $3,675 with an average monthly rent of $2,000.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.