Apartments for Rent in Lake City, MN

Prices and availability in Lake City, MN were last updated on 26 Aug 2026.

The best apartments in Lake City, MN are: Underwood Terrace, 822 South Lake Shore Dr, 518 South 6th Street, 401/401.5 N Washington Street and 305 N Washington Street.

The price range for a 2-bedroom apartment in Lake City, MN is between $1,010 and $1,260.

The price range for a 3-bedroom apartment in Lake City, MN is between $1,180 and $2,100.

In Lake City 21% of the housing is rented out compared to 79% of homes are owned, according to the most recent Census Bureau estimates. 8% of Lake City's apartments are found in large buildings of 50 units or more, 61% are located in smaller apartment complexes with less than 50 units, and 29% are single-family rentals.

The average age of rental buildings in Lake City is 0 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 0 stories, of which none are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Lake City come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 0% of the total apartments in the city, while 2-bedroom floorplans represent around 0% of all rentals in Lake City. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.