
Cheap Homes for Rent in Lake Mills, IA from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Mills.


416 1st St SW

702 E Main St

815 11th Ave SW

508 11th Ave SW

132 Broadway

1207 9th St NE

709 13th St NE

121 Main St S

126 Clinton St

101 Elm St

201 E 7th St

104 1st Ave NE

2686 290th St
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 | $1,727 | $725 | $2,500 |
Lake Mills 3 Bedroom Homes for Rent | $1,249 | $1,200 | $1,299 |
Lake Mills 4 Bedroom Homes for Rent | $2,219 | $1,500 | $2,600 |
Lake Mills 6 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
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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 Studio unit found at Shalom Tower II priced from $405. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $450. 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 | Studio,1BA | $405 |
Key Apartments | Efficiency | Studio,1BA | $450 |
Burt 18-Unit (Countryside Properties) | 1 Bedroom | 1BR,1BA | $450 |
City Center Kent Apartments | Studio | 1BR,1BA | $495 |
18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
Best Value Apartments for Rent in Lake Mills, IA and Nearby
As of September 13, 2025 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Skye Lofts Apartments | 2 Bedroom w/ Den | 2BR,1BA | $1.36 |
Pebble Creek Apartments | 3 Bedroom 1.5 Bathrooms | 3BR,1.5BA | $1.03 |
Lincoln Apartments LLC | Apt. 29 | 2BR,1BA | $1.26 |
Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.70 |
City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $0.74 |
Webster Apartments | Apt. 10 | 2BR,1BA | $1.37 |
CityView Apartments | 1 bedroom | 1BR,1BA | $0.98 |
Northern Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.41 |
18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
Key Apartments | Efficiency | Studio ,1BA | $1.50 |
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Frequently Asked Questions about Lake Mills
What type of rentals are currently available in Lake Mills?
There are currently 45 Apartments for Rent in Lake Mills, IA with pricing that ranges from $405 to $2,690. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Mills ranging from $725 to $2,600.
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 $725 to $2,600 with an average monthly rent of $1,551.
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 $1,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $1,299. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $937.
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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.