
Cheap Homes for Rent in Lake City, IA from $700 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Lake City.


1401 Georgia

415 S Oswego St

227 Village Dr

1435 4th Ave N

4008 Ontario St

411 S 18th St

4406 Castlewood Pl

521.5 Crawford St

1411 Georgia Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

323 N Franklin Ave

1110 1st St

1222 W 3rd St

215 Beedle Dr

925 Garfield Ave

3022 Oakland St

400 S Georgia St

1616 3rd Ave N

312 N 7th St

1236 Michigan Ave

626 Brodie Ln
Lake City, IA Local Guide

How much does it cost to rent a home in Lake City?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake City 2 Bedroom Homes for Rent | $983 | $750 | $1,950 |
Lake City 3 Bedroom Homes for Rent | $1,609 | $780 | $2,995 |
Lake City 4 Bedroom Homes for Rent | $1,803 | $1,280 | $2,350 |
Lake City 5 Bedroom Homes for Rent | $2,000 | $2,000 | $2,000 |
Browse Top Homes for Rent in Lake City
Explore Lake City
Lake City, IA Local Guide
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Cheapest Available Lake City Apartments for Rent and Nearby
 The cheapest available apartment rental in Lake City, IA is a 2 Beds unit found at Rolfe 20-Unit priced from $500. Woodland Park - Manson 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 City apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $500 |
Woodland Park - Manson | 1 BR | 1BR,1BA | $600 |
College Creek Apartments | Studio, 1 bath | Studio,1BA | $670 |
Wyndsor Terrace | Studio | Studio,1BA | $740 |
District 29 Apartments & Townhomes | Studio Apartment | Studio,1BA | $740 |
Best Value Apartments for Rent in Lake City, IA and Nearby
As of April 24, 2025 the best value apartment in the Lake City area is the $0.86 price per square foot 4 Bedroom Model at Valley Railroad Apartments in the starting from $945. The second greatest value Lake City apartment is the 3x3 Furnished Model at The Madison starting at $574 with a $0.53 price per square foot in the Fountainview neighborhood. Here is today’s list of the best values for Lake City apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Valley Railroad Apartments | 4 Bedroom | 4BR,2BA | $0.86 |
The Madison | 3x3 Furnished | 3BR,3BA | $0.53 |
William Pointe by Kading | Villa | 3BR,1BA | $0.91 |
The Social West Ames® | Cambridge A - Station | 3BR,2BA | $0.54 |
Fountainview | 2 Bedroom 1 Bath | 2BR,1BA | $1.15 |
Western Hills Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.05 |
The Allure at Rivers Edge | 2 Bed/2bath | 2BR,2BA | $1.05 |
SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
Point at Ames | Frisco A | 2BR,2BA | $1.05 |
Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.82 |
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Frequently Asked Questions about Lake City
What type of rentals are currently available in Lake City?
There are currently 50 Apartments for Rent in Lake City, IA with pricing that ranges from $404 to $2,370. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake City ranging from $750 to $2,995.
What is the current price range for Rental Homes in Lake City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake City ranges from $750 to $2,995 with an average monthly rent of $1,508.
How much are larger Three and Four Bedroom Rentals in Lake City?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake City range from $519 to $2,370, while Three Bedroom Homes, Condos, and Townhomes for rent range from $780 to $2,995. Four Bedroom Single-Family rentals are also available starting from $1,280 and Four Bedroom Apartments start at $404.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.