
Cheap Apartments for Rent in Lake Mills, IA from $400 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Mills.


Shalom Tower II

City Center Kent Apartments

Key Apartments

18 S Adams Ave

Key West Apartments

Meadow Bloom Apartments
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.

A-Lea Apartments

CityView Apartments

Flats on 21

Meadow Lake of Clear Lake Apartments

The River Apartments & Townhomes

Skye Lofts Apartments

Pebble Creek Apartments
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.

The Manor

Total Monthly Price
Northern Place Apartments

Total Monthly Price
1200 Jade Apartments

Pilgrim Place Senior Housing (62+)

Burt 18-Unit (Countryside Properties)

Pheasant Run Apartments

Blue Ridge Apartments & Townhomes
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.

207 E 4th St

702 E Main St
Lake Mills, IA Local Guide

How much does it cost to rent an apartment in Lake Mills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Mills Studio Apartments | $1,011 | $500 | $1,300 |
| Lake Mills 1 Bedroom Apartments | $1,240 | $405 | $1,719 |
| Lake Mills 2 Bedroom Apartments | $1,487 | $607 | $2,425 |
| Lake Mills 3 Bedroom Apartments | $1,705 | $935 | $2,514 |
| Lake Mills 4 Bedroom Apartments | $1,718 | $937 | $2,500 |
Browse Top Apartments in Lake Mills
See all Apartments in Lake MillsExplore Lake Mills
Lake Mills, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shalom Tower II | Tower I Efficiency | 1BR,1BA | $405 |
| City Center Kent Apartments | Studio | 1BR,1BA | $495 |
| Key Apartments | Efficiency | Studio,1BA | $500 |
| Burt 18-Unit (Countryside Properties) | 1 Bedroom | 1BR,1BA | $525 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
Best Value Apartments for Rent in Lake Mills, IA and Nearby
As of March 06, 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 2 bedroom Model at CityView Apartments starting at $865 with a $1.08 price per square foot . Here is today’s list of the best values for Lake Mills apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Skye Lofts Apartments | 2 Bedroom w/ Den | 2BR,1BA | $1.36 |
| CityView Apartments | 2 bedroom | 2BR,1BA | $1.08 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $0.74 |
| Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.73 |
| Webster Apartments | Apt. 10 | 2BR,1BA | $1.37 |
| Meadow Bloom Apartments | 2 Bedroom | 2BR,1BA | $0.79 |
| Northern Place Apartments | One Bed + Den | 1BR,1BA | $1.26 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $1.40 |
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 ArticleThe 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
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Mills, IA Rentals by Map
See the most popular apartments and homes in Lake Mills, IA
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 The River Apartments & Townhomes and starts from $1,575.
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.