Cheap Apartments for Rent in Lake Mills, WI from $663 (55 Rentals)

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

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110 1/2 W Oak St
$700

Total Monthly Price

Base Rent$700
Total Monthly Price$700
2 Bedroom Apartment Available Oct 10

110 1/2 W Oak St

110 1/2 W Oak StLake Mills, WI 53551
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Tamarack Trails
1 to 2 Bedroom Apartments

Tamarack Trails

215-225 Tamarack DrLake Mills, WI 53551

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.

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Freedom Ring Apartments
Rent Specials
$875 - $1,550

Total Monthly Price

Base Rent$875 - $1,550
Total Monthly Price$875 - $1,550
1 to 2 Bedroom Apartments Available Now

Freedom Ring Apartments

617-713 Chase BlvdSun Prairie, WI 53590
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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.

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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.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Apartments on Main
Rent Specials
$1,395 - $1,900

Total Monthly Price

Base Rent$1,395 - $1,900
Total Monthly Price$1,395 - $1,900
1 to 3 Bedroom Apartments Available Now

Apartments on Main

410 East Main StSun Prairie, WI 53590
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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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Lake Mills, WI Local Guide

Cheapest Neighborhoods for Apartments in Lake Mills, WI

Pricing Updated: 09/10/2026

Current apartment rentals in the Lake Mills, WI area range in price from $1,099 to $2,095 with an overall median price of $1,699. Here is today’s list neighborhoods with the lowest median pricing for Lake Mills Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Brookstone Meadows$1,699$1,09914

Cheapest Available Lake Mills Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Mills, WI is a 2 Beds unit found at Watertown East Apartments in the Concord Estates neighborhood priced from $870. The Baehron in the Liberty Square neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Lake Mills apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Watertown East ApartmentsGarden Style2BR,1BA$870
The BaehronStudio UnfurnishedStudio,1BA$895
Seville ApartmentsStudioStudio,1BA$975
Hawthorne Apartments1 Bedroom With Balcony Upper1BR,1BA$995
Blackhawk RidgeTwo Bedroom2BR,1BA$995
1424 E Main St, Watertown, WI 530941B / 1B1BR,1BA$1,000
Hillcrest ApartmentsB1-HC - B11BR,1BA$1,095
Browns Court Apartments1 Bed 1 Bath Lower1BR,1BA$1,099
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1,100
Stockbridge TrailsStyle AStudio,1BA$1,195

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

As of September 10, 2026 the best value apartment in the Lake Mills area is the $1.26 price per square foot H Model at Prairie Grove in the in the Outer Sun Prairie neighborhood starting from $1,670. The second greatest value Lake Mills apartment is the 3 Bedroom Model at Tamarack Apartment Homes starting at $1,400 with a $1.08 price per square foot in the Brookstone Meadows neighborhood. 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.
Prairie GroveH1BR,2BA$1.26
Tamarack Apartment Homes3 Bedroom3BR,1.5BA$1.08
Artisan SquareE2BR,2BA$1.37
Audubon East2New/2G2BR,2BA$1.17
Rolling PrairieThree Bedroom3BR,1BA$1.14
Pondview Apartments2 BR/ 1 BA2BR,1BA$1.30
Blackhawk RidgeTwo Bedroom2BR,1BA$1.02
Watertown East ApartmentsGarden Style2BR,1BA$1.09
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1.38
1424 E Main St, Watertown, WI 530941B / 1B1BR,1BA$1.42

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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:
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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 The Baehron listed at $895.

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

The lowest price for a Cheap One Bedroom Lake Mills Apartment is $995 at Hawthorne Apartments.

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 $870 at Watertown East 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 Watertown East Apartments and starts from $984.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.