Bedroom count

Property type

Last updated on March 23, 2026

Average rent in
Lake City, MN

Last updated on March 23, 2026

Last updated on March 23, 2026

Bedroom count

Property type

As of March 2026, the median rent for all bedroom counts and property types in Lake City, MN is $1,490. This is -22%, or $420, lower than the national average.

$2.03

average price per square foot

Median rent

$1,490

As of March 2026, we do not have enough inventory to generate median rent for all bedroom counts and property types in Lake City, MN. Please check back soon.

Total rentals

7

for rent on Zumper.com

As of March 2026, the median rent for all bedroom counts and property types in Lake City, MN is $1,490. This is -22%, or $420, lower than the national average.

$2.03

average price per square foot

Rent ranges

64%
36%
$751-$1,500$751 - $1,500
$1,501-$2,250$1,501 - $2,250

Households

70%
30%
Owner-occupied
Renter-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

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 price trends in
Lake City, MN

Rent price trends

Rent prices for all bedroom counts and property types in Lake City, MN have decreased by 35% in the last month.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Lake City, MN

The monthly rent for an apartment in Lake City, MN is $1,522. A 1-bedroom apartment in Lake City, MN costs about $1,290 on average, while a 2-bedroom apartment is $1,635. Houses for rent in Lake City, MN are more expensive, with an average monthly cost of $1,940.

Comparables

1 bedroom

$1,375

-

-

2 bedroom

$1,615

12%

-

3 bedroom

$1,940

No Change

-

4 bedroom

$2,190

40%

9%

Studio

$1,075

-

-

Studio

Average rent

$1,075

1 bedroom

Average rent

$1,375

2 bedroom

Average rent

$1,615

Last 30 days

12%

3 bedroom

Average rent

$1,940

Last 30 days

No Change

4 bedroom

Average rent

$2,190

Last 30 days

40%

Last year

9%

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.

Compare rent prices in Lake City, MN to other cities

Median rent prices in Lake City, MN for all bedroom counts and property types compared to Altoona, WI.

Lake City

Median rent price$1,490
decreased by22%

lower than the national median

Median rent price$1,530
decreased by20%

lower than the national median

Takeaway

The median rent for all rentals in Lake City, MN is 3% lower than the median rent in Altoona, WI.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Average rent in
Nearby cities

Explore rent trends in other markets

Altoona

$1,530

decreased by1%

Last year

Amery

$1,775

increased by26%

Last year

Austin

$995

decreased by7%

Last year

Baldwin

$1,362

increased by8%

Last year

Chippewa Falls

$1,080

Flat

Last year

Ellsworth

$1,078

increased by33%

Last year

Faribault

$1,295

decreased by8%

Last year

Hager City

$1,300

N/A

Last year

Menomonie

$1,062

increased by2%

Last year

Owatonna

$1,300

decreased by3%

Last year

Rochester

$1,550

increased by13%

Last year

Winona

$999

Flat

Last year

Apartments for rent in Altoona

Discover rentals in Lake City, MN

410 W Lyon Ave #410 - Photo 1 of 1

3d ago

Condo for rent in Lake City

Newly Remodeled Spacious 2-bedroom apartment

410 W Lyon Ave #410, Lake City, MN 55041

2 beds

1 bath

$1,300

Condo for rent

Available Mar 18