
Cheap Homes for Rent in Lake Mills, IA from $700 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Mills.


719 Cedar Ave

125 6th St NE

629 7th Ave N

702 E Main St

109 8th St NW

320 E 6th St

203 4th Ave S

1501 7th Ave NW

301 Butler Dr
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.

800 12th Ave NW

302 19th St NE

909 8th Ave NW

1680 469 St

121 Main St S

240 E Rice St
Lake Mills, IA Local Guide

How much does it cost to rent a home in Lake Mills?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Mills 2 Bedroom Homes for Rent | $1,370 | $725 | $2,700 |
Lake Mills 3 Bedroom Homes for Rent | $1,318 | $1,000 | $1,500 |
Lake Mills 4 Bedroom Homes for Rent | $1,625 | $1,250 | $2,000 |
Browse Top Homes for Rent in Lake Mills
Explore Lake Mills
Lake Mills, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Shalom Tower II | Tower I Efficiency | Studio,1BA | $405 |
Burt 18-Unit (Countryside Properties) | 1 Bedroom | 1BR,1BA | $450 |
Key Apartments | Efficiency | Studio,1BA | $450 |
City Center Kent Apartments | Studio | 1BR,1BA | $495 |
18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
Best Value Apartments for Rent in Lake Mills, IA and Nearby
As of April 29, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Park Plaza Apartments | 2B 999 sq.ft. | 2BR,1BA | $1.40 |
Irish Hospital Apartments | Unit 1 | 2BR,1BA | $1.35 |
Meadow Lake of Clear Lake Apartments | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.03 |
Lincoln Apartments LLC | Apt. 17 | 2BR,1BA | $1.36 |
City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $0.74 |
Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.70 |
Webster Apartments | Apt. 10 | 2BR,1BA | $1.36 |
CityView Apartments | 1 bedroom | 1BR,1BA | $0.98 |
Pebble Creek Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.88 |
18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
Quick 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.
Frequently Asked Questions about Lake Mills
What type of rentals are currently available in Lake Mills?
There are currently 44 Apartments for Rent in Lake Mills, IA with pricing that ranges from $405 to $2,550. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Mills ranging from $725 to $2,700.
What is the current price range for Rental Homes in Lake Mills?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Mills ranges from $725 to $2,700 with an average monthly rent of $1,262.
How much are larger Three and Four Bedroom Rentals in Lake Mills?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Mills range from $935 to $1,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $1,500. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $937.
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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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.