131 N Fair Oaks Ave
MadisonWI53714
Cheap Homes for Rent in Lake Mills, WI from $1,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Mills.
1975 E Washington Ave
MadisonWI53704
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.
4015 Claire St
MadisonWI53716
253 Bunting Ln
MadisonWI53704
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.
Showing Results 1-4, Page 1 of 1
Lake Mills, WI Local Guide
Rock Lake by Guy Donges is licensed under CC BY 2.0
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 | $1,787 | $1,200 | $2,750 |
| Lake Mills 3 Bedroom Homes for Rent | $2,114 | $1,899 | $3,080 |
Browse Top Homes for Rent in Lake Mills
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Lake Mills, WI Local Guide
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Cheapest Neighborhoods for Apartments in Lake Mills, WI
Pricing Updated: 04/23/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Brookstone Meadows | $1,799 | $1,200 | 10 |
Best Value Apartments for Rent in Lake Mills, WI and Nearby
As of April 23, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pondview Apartments | 3BR/2BA | 3BR,2BA | $1.28 |
| Rock Creek Apartments | 2 Bed 2 Bath 2 Car | 2BR,2BA | $1.52 |
| School Street Apartments | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.18 |
| The Meadowlands | Income-Restricted 2 Bedroom, 2 Bath | 2BR,2BA | $1.40 |
| Prairie Grove | B | 2BR,2BA | $1.57 |
| Summer Ridge | D3 | 2BR,2BA | $1.65 |
| Anna Street Apartments | LARGE SECOND FLOOR | 2BR,1BA | $1.26 |
| 500 N Tratt St | 2BR/2.0BA | 2BR,2BA | $1.62 |
| Watertown East Apartments | Garden Style | 2BR,1BA | $1.09 |
| Knowlton Woods Apartments | Two Bedroom | 2BR,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.
Read Article
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.
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Best Local Schools in Lake Mills, WI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Mills, WI Rentals by Map
See the most popular apartments and homes in Lake Mills, WI
Frequently Asked Questions about Lake Mills
What type of rentals are currently available in Lake Mills?
There are currently 72 Apartments for Rent in Lake Mills, WI with pricing that ranges from $870 to $2,800. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Mills ranging from $1,200 to $3,080.
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 $1,200 to $3,080 with an average monthly rent of $1,950.
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
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.
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.
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.