
Cheap Homes for Rent in Lake, MS from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lake.


307 E Ridgeway St

215 Harrell St

3006 Valley Rd
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.

604 King Richard Rd

2566 Williamson Ave

701 Cedarhurst Dr

521 Launcelot Rd
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.
Lake, MS Local Guide

How much does it cost to rent a home in Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake 2 Bedroom Homes for Rent | $1,281 | $715 | $1,700 |
| Lake 3 Bedroom Homes for Rent | $1,885 | $950 | $2,600 |
| Lake 4 Bedroom Homes for Rent | $2,618 | $1,250 | $6,500 |
Browse Top Homes for Rent in Lake
Explore Lake
Lake, MS Local Guide
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Cheapest Available Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Lake, MS is a 1 Bed unit found at Shadowood Park in the Downtown Laurel neighborhood priced from $579. Normandy Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shadowood Park | 1 Bed/1 Bath | 1BR,1BA | $579 |
| Normandy Manor Apartments | 1 Bed 1 Bath | 1BR,1BA | $600 |
| Heritage Place Apartments | 1BR/1BA | 1BR,2BA | $775 |
Best Value Apartments for Rent in Lake, MS and Nearby
As of June 10, 2026 the best value apartment in the Lake area is the $0.95 price per square foot 3 Bedroom, 2 Bathroom Model at Lake Forest Apartments in the starting from $1,205. The second greatest value Lake apartment is the Two Bedroom Townhouse- Two Bedroom-1.5 Bath Model at Northgate Apartments starting at $1,150 with a $0.99 price per square foot . Here is today’s list of the best values for Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Forest Apartments | 3 Bedroom, 2 Bathroom | 3BR,2BA | $0.95 |
| Northgate Apartments | Two Bedroom Townhouse- Two Bedroom-1.5 Bath | 2BR,1.5BA | $0.99 |
| Bonita Ridge Apartments | 3 Bedroom, 2 Bathroom | 3BR,2BA | $1.06 |
| Ridgeland Place Apartment Homes | Aspen | 1BR,1BA | $1.07 |
| Shadowood Park | 1 Bed/1 Bath | 1BR,1BA | $0.65 |
| Regency Apartments | Two Bedroom | 2BR,1BA | $1.12 |
| Meadows Apartments | One Bedrooms | 1BR,1BA | $1.21 |
| Heritage Place Apartments | 1BR/1BA | 1BR,2.5BA | $1.09 |
| Normandy Manor Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.85 |
| Oak Manor Apartment Homes | 1 bedroom 1 bathroom classic | 1BR,1BA | $1.25 |
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!
Explore Lake, MS Rentals by Map
See the most popular apartments and homes in Lake, MS
Frequently Asked Questions about Lake
What type of rentals are currently available in Lake?
There are currently 41 Apartments for Rent in Lake, MS with pricing that ranges from $579 to $2,665. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake ranging from $715 to $6,500.
What is the current price range for Rental Homes in Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake ranges from $715 to $6,500 with an average monthly rent of $1,689.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.