Cheap Apartments for Rent in Lake Mills, IA from $400 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Mills.

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Lake Mills, IA Local Guide

Cheapest Available Lake Mills Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Mills, IA is a Studio unit found at Shalom Tower II priced from $405. Burt 18-Unit (Countryside Properties) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $450. Here is today’s list of the most affordable Lake Mills apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shalom Tower IITower I EfficiencyStudio,1BA$405
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$450
Key ApartmentsEfficiencyStudio,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495
18 S Adams AveOne Bedroom1BR,1BA$525

Best Value Apartments for Rent in Lake Mills, IA and Nearby

As of April 16, 2025 the best value apartment in the Lake Mills area is the $1.40 price per square foot 2B 999 sq.ft. Model at Park Plaza Apartments in the in the Downtown Owatonna neighborhood starting from $1,400. The second greatest value Lake Mills apartment is the Unit 1 Model at Irish Hospital Apartments starting at $1,150 with a $1.35 price per square foot . Here is today’s list of the best values for Lake Mills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
Irish Hospital ApartmentsUnit 12BR,1BA$1.35
Meadow Lake of Clear Lake Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.03
Lincoln Apartments LLCApt. 172BR,1BA$1.36
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Shalom Tower IITower II - One Bedroom1BR,1BA$0.70
Webster ApartmentsApt. 102BR,1BA$1.36
CityView Apartments1 bedroom1BR,1BA$0.98
Northern Place Apartments1 Bed, 1 bath1BR,1BA$1.41
18 S Adams AveOne Bedroom1BR,1BA$0.95

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Getting Around Lake Mills, IA

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lake Mills Apartments

What is the Cheapest Studio apartment in Lake Mills?

Currently the most affordable Cheap Studio Apartment in Lake Mills is at Shalom Tower II listed at $405.

How much is rent for a Cheap One Bedroom Lake Mills Apartment?

The lowest price for a Cheap One Bedroom Lake Mills Apartment is $450 at Burt 18-Unit (Countryside Properties).

What is the lowest price for a Cheap Two Bedroom Lake Mills Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Mills is starting from $650 at Burt 18-Unit (Countryside Properties).

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.

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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.

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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.

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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.

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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.