
Cheap Homes for Rent in Lake Mills, IA from $700 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Mills.


821 Willow St

107 Main St E

1203 D St

312 1st Ave SW
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.

101 N Mill St

302 7th Ave

203 N 15th St

104 Main St S

701 Water St
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.

930 S Broadway Ave

621 Oak St

1111 4th St NW

121 Main St S

912 2nd Ave NE
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1207 9th St NE
Lake Mills, IA Local Guide

How much does it cost to rent a home in Lake Mills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Mills 2 Bedroom Homes for Rent | $1,275 | $700 | $2,200 |
| Lake Mills 3 Bedroom Homes for Rent | $1,759 | $900 | $3,600 |
| Lake Mills 4 Bedroom Homes for Rent | $1,831 | $1,495 | $2,050 |
| Lake Mills 6 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
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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 Regency Apartments priced from $200. Burt 18-Unit (Countryside Properties) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $425. Here is today’s list of the most affordable Lake Mills apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Regency Apartments | 1 BD | 1BR,1BA | $200 |
| Burt 18-Unit (Countryside Properties) | 1 Bedroom | 1BR,1BA | $425 |
| Key Apartments | Efficiency | Studio,1BA | $500 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
| Key West Apartments | Studio | Studio,1BA | $550 |
Best Value Apartments for Rent in Lake Mills, IA and Nearby
As of August 30, 2026 the best value apartment in the Lake Mills area is the $1.10 price per square foot 2BR/1.5BA Model at Skye Lofts Apartments in the starting from $1,500. The second greatest value Lake Mills apartment is the 2 Bedroom 1 Bathroom Model at The Meadows starting at $1,225 with a $1.28 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 | 2BR/1.5BA | 2BR,1.5BA | $1.10 |
| The Meadows | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.28 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $1.08 |
| Halter Vista Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.15 |
| CityView Apartments | 2 Bed / 1 Bath | 2BR,1BA | $1.10 |
| 201 Pilgrim St | 1 Bedroom | 1BR,1BA | $1.38 |
| 114 W 14th St | 2 bed unit interior | 2BR,1BA | $1.21 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $1.33 |
| Regency Apartments | 1 BD | 1BR,1BA | $0.35 |
| 18 S Adams Ave | One Bedroom | 1BR,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.
Read ArticleReal 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.
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!
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See the most popular apartments and homes in Lake Mills, IA
Frequently Asked Questions about Lake Mills
What type of rentals are currently available in Lake Mills?
There are currently 57 Apartments for Rent in Lake Mills, IA with pricing that ranges from $200 to $2,830. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Mills ranging from $700 to $3,600.
What is the current price range for Rental Homes in Lake Mills?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Mills ranges from $700 to $3,600 with an average monthly rent of $1,448.
How much are larger Three and Four Bedroom Rentals in Lake Mills?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Mills range from $935 to $2,459, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $937.
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.