Cheap Apartments for Rent in Lake Mills, WI from $600 (59 Rentals)

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

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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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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Lake Mills, WI Local Guide

Cheapest Neighborhoods for Apartments in Lake Mills, WI

Pricing Updated: 04/27/2026

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

NeighborhoodMedian PriceMin PriceAvailable Units
Brookstone Meadows$1,799$1,20010

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
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1,075
Anna Street ApartmentsLARGE SECOND FLOOR2BR,1BA$1,195
Lumin Terrace8 - Upper1BR,1BA$1,235
Glacier Valley at Reston HeightsPlan EfficiencyStudio,1BA$1,245
Catalyst on MainA1Studio,1BA$1,295
School Street Apartments3 Bedroom 1.5 Bathroom3BR,1BA$1,300
Authentix Cottage Grove1 BR Horizon Courtyard1BR,1BA$1,306

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

As of April 27, 2026 the best value apartment in the Lake Mills area is the $1.28 price per square foot 3BR/2BA Model at Pondview Apartments in the in the Brookstone Meadows neighborhood starting from $1,600. The second greatest value Lake Mills apartment is the 2 Bed 2 Bath 2 Car Model at Rock Creek Apartments starting at $1,869 with a $1.52 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.
Pondview Apartments3BR/2BA3BR,2BA$1.28
Rock Creek Apartments2 Bed 2 Bath 2 Car2BR,2BA$1.52
School Street Apartments3 bedroom x 2 bath3BR,2BA$1.23
The MeadowlandsIncome-Restricted 2 Bedroom, 2 Bath2BR,2BA$1.40
Prairie GroveB2BR,2BA$1.57
Summer RidgeD32BR,2BA$1.65
Anna Street ApartmentsLARGE SECOND FLOOR2BR,1BA$1.26
500 N Tratt St2BR/2.0BA2BR,2BA$1.62
Watertown East ApartmentsGarden Style2BR,1BA$1.09
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1.34

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Lake Mills, WI

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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 $1,100 at Seville 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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.