Cheap Apartments for Rent in Lake Mills, IA from $400 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Mills.

property at 101 N Mill St

$795 - $895

2 Bedroom Rentals

Available Now

101 N Mill St

Lake MillsIA50450

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 702 E Main St

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

Studio, 1 Bath Home for Rent

Available Now

702 E Main St

Albert LeaMN56007
Showing Results 1-25, Page 1 of 1

Lake Mills, IA Local Guide

Cheapest Available Lake Mills Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Mills, IA is a 1 Bed unit found at Shalom Tower II priced from $405. City Center Kent Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $495. Here is today’s list of the most affordable Lake Mills apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shalom Tower IITower I Efficiency1BR,1BA$405
City Center Kent ApartmentsStudio1BR,1BA$495
Key ApartmentsEfficiencyStudio,1BA$500
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$525
18 S Adams AveOne Bedroom1BR,1BA$525

Best Value Apartments for Rent in Lake Mills, IA and Nearby

As of January 08, 2026 the best value apartment in the Lake Mills area is the $1.36 price per square foot 2 Bedroom w/ Den Model at Skye Lofts Apartments in the starting from $1,900. The second greatest value Lake Mills apartment is the 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments starting at $1,150 with a $1.03 price per square foot . Here is today’s list of the best values for Lake Mills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skye Lofts Apartments2 Bedroom w/ Den2BR,1BA$1.36
Pebble Creek Apartments3 Bedroom 1.5 Bathrooms3BR,1.5BA$1.03
The Meadows2 Bedroom 1 Bathroom2BR,1BA$1.17
Lincoln Apartments LLCApt. 282BR,1BA$1.23
Meadow Lake of Clear Lake Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.03
CityView Apartments2 bedroom2BR,1BA$1.08
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Shalom Tower IITower I One Bedroom1BR,1BA$0.63
Northern Place ApartmentsOne Bedroom1BR,1BA$1.21
18 S Adams AveOne Bedroom1BR,1BA$0.95

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.

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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.

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Cash 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.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Mills, IA Rentals by Map

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Frequently Asked Questions about Cheap Lake Mills Apartments

What is the Cheapest Studio apartment in Lake Mills?

Currently the most affordable Cheap Studio Apartment in Lake Mills is at Key Apartments listed at $500.

How much is rent for a Cheap One Bedroom Lake Mills Apartment?

The lowest price for a Cheap One Bedroom Lake Mills Apartment is $405 at Shalom Tower II.

What is the lowest price for a Cheap Two Bedroom Lake Mills Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Mills is starting from $607 at Meadow Bloom Apartments.

What is the most affordable Lake Mills Three Bedroom Apartment?

The best deal on a cheap Lake Mills Three Bedroom Apartment rental is at Pebble Creek Apartments and starts from $1,150.

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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!