Bedroom count
Property type
Last updated on November 15, 2026
Average rent in
Lake City, MN
Average rent in
Last updated on November 15, 2026
Bedroom count
Property type
Median rent
Median rent in Lake City
$1,687/mo
The average rent in Lake City is $1,687 per month as of November 2026. This is 11% below the national average rent, or $212 less per month.
average price per square foot
Total rentals
Available rentals in Lake City
12
for rent on Zumper.com as of November 2026
Rent price distribution
Share of Lake City rentals at each price point
This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Lake City, MN, in the last 30 days, rent estimates may not represent the actual market.
Rent trends in Lake City, MN
Average rent prices in Lake City have decreased by 6% over the last month.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Lake City, MN
Rent prices in Lake City vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Lake City is $1,465, whereas a house costs $2,300. 1-bedroom apartments in Lake City run $1,350 on average, while 2-bedroom apartments are $1,605.
Listings | ||||
|---|---|---|---|---|
Studio | $1,125 | - |  7% | |
1 bedroom | $1,350 | - | 4% | |
2 bedroom | $1,560 |  6% | 13% | |
3 bedroom | $2,300 | No Change | 10% | |
4 bedroom | $2,140 | - | 2% |
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Lake City, MN.
Listings | ||||
|---|---|---|---|---|
Apartments | $1,465 | No Change | 5% | |
Condos | $1,775 | 6% | - | |
Houses | $2,300 | No Change | - |
Studio
Average rent
$1,125
Last year
7%
1 bedroom
Average rent
$1,350
Last year
4%
2 bedroom
Average rent
$1,560
Last 30 days
6%
Last year
13%
3 bedroom
Average rent
$2,300
Last year
10%
4 bedroom
Average rent
$2,140
Last year
2%
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Lake City, MN.
Apartments
Average rent
$1,465
Last year
5%
Condos
Average rent
$1,775
Last 30 days
6%
Houses
Average rent
$2,300
The table above reflects average rent prices in Lake City, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.
How does rent in Lake City, MN compare to other cities?
Compare median rent prices in Lake City and Altoona by all bedroom counts and property types.
Lake City
11%lower than the national median
32%lower than the national median
Takeaway
The median rent for all rentals in Lake City, MN is 30% higher than the median rent in Altoona, WI.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,300
4%$1,700
$995
8%$2,159
52%$1,050
14%$1,078
16%$1,295
$1,701
$1,095
3%$1,440
15%$1,550
7%$1,100
10%Discover rentals in Lake City, MN
5d+ ago
Condo for rent in Lake City
2 beds
2 baths
$2,350
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Condo for rent
5d+ ago
Condo for rent in Lake City
2 beds
2 baths
$2,350
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Condo for rent
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Frequently asked questions for Lake City, MN
Quick answers to common questions about the Lake City rental market.
How much is rent in Lake City?
The average rent in Lake City is $1,687 per month as of November 14, 2026.
Is rent up or down in Lake City?
Average rent prices in Lake City have decreased by 6% over the last month.
How does Lake City rent compare to the national average?
Rent in Lake City is 11% below the national average, which means renters are paying approximately $212 less per month.
What salary do I need to afford rent in Lake City?
To comfortably afford rent in Lake City, you'd need to earn approximately $68,000/year, based on spending no more than 30% of your income on rent.
Methodology
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).