535 W Kinne St
EllsworthWI54011
Cheap Homes for Rent in Lake City, MN from $900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Lake City.
535 19th St NW
RochesterMN55901
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.
1107 5th Ave NW
RochesterMN55901
1507 5th Ave NE
RochesterMN55906
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.
4436-4413 13th Ave NW
RochesterMN55901
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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 | $1,428 | $995 | $1,900 |
| Lake City 3 Bedroom Homes for Rent | $2,087 | $1,609 | $3,500 |
| Lake City 4 Bedroom Homes for Rent | $2,265 | $1,950 | $2,600 |
| Lake City 5 Bedroom Homes for Rent | $3,175 | $2,300 | $4,500 |
| Lake City 6 Bedroom Homes for Rent | $2,750 | $2,750 | $2,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Lake City
Explore Lake City
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 River's Edge priced from $750. Riverview has the second lowest priced unit, which is a 1 Bed apartment currently listed from $808. Here is today’s list of the most affordable Lake City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River's Edge | One Bedroom | 1BR,1BA | $750 |
| Riverview | Market Rate | 1BR,1BA | $808 |
| Great River | 2 Bed, 1 Bath | 2BR,1BA | $905 |
Best Value Apartments for Rent in Lake City, MN and Nearby
As of September 20, 2025 the best value apartment in the Lake City area is the $1.17 price per square foot 3 Bedroom Model at Georgetowne Homes in the in the Northwest Rochester neighborhood starting from $1,595. The second greatest value Lake City apartment is the Willow Townhome Model at French Creek Townhomes starting at $1,475 with a $1.42 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 | 3 Bedroom | 3BR,2BA | $1.17 |
| French Creek Townhomes | Willow Townhome | 2BR,1.5BA | $1.42 |
| Dakota Townhomes | Two Bedroom | 2BR,1BA | $1.32 |
| Colonial Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.00 |
| The Gates of Rochester | Carlyle | 1BR,1BA | $1.30 |
| Winchester Apartments & Townhomes | OHara | 1BR,1BA | $1.41 |
| River's Edge | One Bedroom | 1BR,1BA | $1.11 |
| Rochester Heights | 1 Bedroom A | 1BR,1BA | $1.67 |
| Great River | 2 Bed, 1 Bath | 2BR,1BA | $1.51 |
| Riverview | Market Rate | 1BR,1BA | $1.62 |
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See the most popular apartments and homes in Lake City, MN
Frequently Asked Questions about Lake City
What type of rentals are currently available in Lake City?
There are currently 47 Apartments for Rent in Lake City, MN with pricing that ranges from $750 to $2,665. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake City ranging from $995 to $4,500.
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 $995 to $4,500 with an average monthly rent of $2,286.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.