Cheap Homes for Rent in Lake Mills, IA from $700 (14 Rentals)

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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 Key Apartments priced from $450. 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
Key ApartmentsEfficiencyStudio,1BA$450
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550

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

As of March 25, 2025 the best value apartment in the Lake Mills area is the $0.79 price per square foot 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments in the starting from $907. The second greatest value Lake Mills apartment is the 2 Bedroom 1 Bath A Model at West Lake Meadows starting at $1,470 with a $1.42 price per square foot in the Downtown Owatonna neighborhood. 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.
Pebble Creek Apartments3 Bedroom 1.5 Bathrooms3BR,1.5BA$0.79
West Lake Meadows2 Bedroom 1 Bath A2BR,1BA$1.42
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
Irish Hospital ApartmentsUnit 12BR,1BA$1.35
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
CityView Apartments2 bedroom2BR,1BA$1.03
Webster ApartmentsApt. 102BR,1BA$1.36
Lincoln Apartments LLCApt. 031BR,1BA$1.25
Northern Place Apartments1 Bed, 1 bath1BR,1BA$1.41
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 43 Apartments for Rent in Lake Mills, IA with pricing that ranges from $388 to $2,550. There are also 30 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 $1,321.

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 $907 to $1,770, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $1,650. Four Bedroom Single-Family rentals are also available starting from $1,600 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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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.