
Cheap Homes for Rent in Lake, MS from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lake.


450 Derrick St

2213 23rd Ave

3026 Bishop Ave
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.

2934 Randolph St

1818 St Charles St

2566 Williamson Ave

1213 Gentry St
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.

4833 N State St
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 | $1,234 | $715 | $1,700 |
| Lake 3 Bedroom Homes for Rent | $1,675 | $850 | $2,700 |
| Lake 4 Bedroom Homes for Rent | $1,786 | $1,195 | $2,527 |
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 Normandy Manor Apartments priced from $600. Shadowood Park in the Downtown Laurel neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here is today’s list of the most affordable Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Normandy Manor Apartments | 1 Bed 1 Bath | 1BR,1BA | $600 |
| Shadowood Park | 1 Bed/1 Bath | 1BR,1BA | $680 |
| New Meridian Estates | 1BR/1BA Upgraded | 1BR,1BA | $730 |
Best Value Apartments for Rent in Lake, MS and Nearby
As of April 26, 2026 the best value apartment in the Lake area is the $0.90 price per square foot 3 Bed 2 Bath Model at Shadowood Park in the in the Downtown Laurel neighborhood starting from $1,150. The second greatest value Lake apartment is the 3 Bedroom, 2 Bathroom Model at Lake Forest Apartments starting at $1,205 with a $0.95 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. |
|---|---|---|---|
| Shadowood Park | 3 Bed 2 Bath | 3BR,2BA | $0.90 |
| 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 |
| The Mark Apartments | 2 bedroom 2 bathroom | 2BR,2BA | $1.18 |
| Ridgeland Place Apartment Homes | Oak | 2BR,2BA | $1.05 |
| Northwood Place | The Magnolia | 2BR,2BA | $1.16 |
| Lakeshore Landing Apartments | 2BR 2BA (1000 SF) | 2BR,2BA | $1.20 |
| Bonita Ridge Apartments | 2 Bedroom, 1.5 Bathroom | 2BR,1.5BA | $1.04 |
| Normandy Manor Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.85 |
| New Meridian Estates | 1BR/1BA Upgraded | 1BR,1BA | $1.20 |
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 ArticleDon'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.
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 $600 to $2,660. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake ranging from $715 to $2,700.
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 $2,700 with an average monthly rent of $1,565.
How much are larger Three and Four Bedroom Rentals in Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake range from $890 to $2,660, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $1,949.
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.