Bedroom count
Property type
Last updated on August 13, 2026
Average rent in
Lake City, MN
Average rent in
Last updated on August 13, 2026
Bedroom count
Property type
Median rent
Median rent in Lake City
$1,800/mo
10%vs previous year
The average rent in Lake City is $1,800 per month as of August 2026. This is 6% below the national average rent, or $125 less per month.
average price per square foot
Total rentals
Available rentals in Lake City
10
for rent on Zumper.com as of August 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 remained the same over the last month and have decreased by 10% since last year.
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 $1,507, whereas a house costs $2,145. 1-bedroom apartments in Lake City run $1,380 on average, while 2-bedroom apartments are $1,510.
Listings | ||||
|---|---|---|---|---|
Studio | $1,295 | - | - | |
1 bedroom | $1,380 | - | - | |
2 bedroom | $1,510 | No Change | 34% | |
3 bedroom | $1,725 | No Change | 12% | |
4 bedroom | $2,190 | 40% | - |
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 | $1,507 | No Change | No Change | |
Condos | $2,100 | No Change | - | |
Houses | $2,145 | No Change | - |
Studio
Average rent
$1,295
1 bedroom
Average rent
$1,380
2 bedroom
Average rent
$1,510
Last year
34%
3 bedroom
Average rent
$1,725
Last year
12%
4 bedroom
Average rent
$2,190
Last 30 days
40%
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
$1,507
Condos
Average rent
$2,100
Houses
Average rent
$2,145
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
6%lower than the national median
33%lower than the national median
Takeaway
The median rent for all rentals in Lake City, MN is 39% higher than the median rent in Altoona, WI.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,295
14%$1,635
123%$1,150
10%$1,425
83%$1,295
12%$1,200
18%$1,250
2%$1,500
$1,000
2%$1,300
3%$1,595
4%$1,049
6%Discover rentals in Lake City, MN
5d+ ago
Condo for rent in Lake City
213 N Park St #B, Lake City, MN 55041
3 beds
2 baths
$2,100
Condo for rent
Available Sep 1
5d+ ago
Condo for rent in Lake City
213 N Park St #B, Lake City, MN 55041
3 beds
2 baths
$2,100
Condo for rent
Available Sep 1
Stay up to date with rental market insights
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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 $1,800 per month as of August 8, 2026.
Is rent up or down in Lake City?
Average rent prices in Lake City have remained the same over the last month and have decreased by 10% since last year.
How does Lake City rent compare to the national average?
Rent in Lake City is 6% below the national average, which means renters are paying approximately $125 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 $72,000/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).