
Cheap Homes for Rent near Pelican Lake, WI from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Pelican Lake.


1002 Main St

204 N Court St

416 Manitowish St

209 Pine St
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.

1016 4th Ave

205 E 4th St

405 Forest Ave

2806 Madonna Dr

236 W Main 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.

817 S 3rd Ave
Pelican Lake, WI Local Guide

How much does it cost to rent a home in Pelican Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pelican Lake 2 Bedroom Homes for Rent | $1,191 | $700 | $1,900 |
| Pelican Lake 3 Bedroom Homes for Rent | $1,562 | $950 | $2,250 |
| Pelican Lake 4 Bedroom Homes for Rent | $1,917 | $1,200 | $3,300 |
| Pelican Lake 5 Bedroom Homes for Rent | $1,895 | $1,895 | $1,895 |
Browse Top Homes for Rent in Pelican Lake
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Pelican Lake, WI Local Guide
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Cheapest Available Pelican Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Pelican Lake, WI is a 1 Bed unit found at Diamonds Edge in the Downtown Wausau neighborhood priced from $645. Wausau Columns Apartments in the Downtown Wausau neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here is today’s list of the most affordable Pelican Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Diamonds Edge | 1 bd Upper | 1BR,1BA | $645 |
| Wausau Columns Apartments | 1 Bedroom | 1BR,1BA | $720 |
| The Landmark | 1 BR 1BA | 1BR,1BA | $800 |
| SCS Merrill Apartment Community | Season 1 BR Lower | 1BR,1BA | $865 |
| T Bird Country Apartments | Studio | 1BR,1BA | $900 |
Best Value Apartments for Rent in Pelican Lake, WI and Nearby
As of July 12, 2026 the best value apartment in the Pelican Lake area is the $0.83 price per square foot 3X1.5F Model at Aspen Village in the starting from $1,125. The second greatest value Pelican Lake apartment is the 2 Bedroom 2 Bath Split Model at DRISCOLL ROAD ESTATES starting at $1,285 with a $1.20 price per square foot . Here is today’s list of the best values for Pelican Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Aspen Village | 3X1.5F | 3BR,1.5BA | $0.83 |
| DRISCOLL ROAD ESTATES | 2 Bedroom 2 Bath Split | 2BR,2BA | $1.20 |
| Eagle Trails Estates | 2 Bedroom 2 Bathroom - Lower | 2BR,2BA | $1.40 |
| Trolley Quarter Flats | 2 Bedroom | 2BR,1BA | $1.04 |
| Water's Edge Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.08 |
| The Lofts At City Hall | Two Bedroom | 2BR,1BA | $1.20 |
| Morgan Oaks Townhomes | 9894 | 2BR,1BA | $1.48 |
| Towering Pines | 1BD1BA - U | 1BR,1BA | $1.40 |
| Diamonds Edge | 1 bd Upper | 1BR,1BA | $1.06 |
| Wausau Columns Apartments | 1 Bedroom | 1BR,1BA | $1.26 |
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!
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See the most popular apartments and homes in Pelican Lake, WI
Frequently Asked Questions about Pelican Lake
What type of rentals are currently available in Pelican Lake?
There are currently 48 Apartments for Rent in Pelican Lake, WI with pricing that ranges from $505 to $3,555. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pelican Lake ranging from $700 to $3,300.
What is the current price range for Rental Homes in Pelican Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pelican Lake ranges from $700 to $3,300 with an average monthly rent of $1,490.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.