Cheap Homes for Rent in Lake Mills, IA from $700 (16 Rentals)

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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.

property at 121 Main St S

121 Main St S

Grand MeadowMN55936
property at 240 E Rice St

240 E Rice St

OwatonnaMN55060

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 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 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
Pebble Creek Apartments1 Bedroom 1 Bathroom1BR,1BA$0.88
18 S Adams AveOne Bedroom1BR,1BA$0.95

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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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.