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Rental Market Trends in Lake Mills, WI

Updated August 2026

The average rent in Lake Mills, WI is $1,301/month.

Rent in Lake Mills is 22% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,301/month

Average Rent

573 Sq Ft

Average Size

+4.7%

Change / Year

27

Available Apartments

Lake Mills rent varies by unit size and layout:

  • Studio apartments in Lake Mills average per month.
  • One-bedroom apartments in Lake Mills average $1,301 per month.
  • Two-bedroom apartments in Lake Mills average $1,609 per month.
  • Three-bedroom apartments in Lake Mills average $1,458 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,301/month
573 Sq Ft
Two Bedroom
$1,609/month
998 Sq Ft
Three Bedroom
$1,458/month
1,235 Sq Ft
View Lake Mills Apartments

How much has average rent changed in Lake Mills, WI?

In the past year, rent has increased by 4.7%, which averages out to $62 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Lake Mills, WI

August 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Lake Mills, WI
Percentage*
Rent Range
0% Below $700/month
17% $700 - $1,000/month
50% $1,001 - $1,500/month
33% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Lake Mills, WI?

Because the average rent in Lake Mills is $1,301, you’ll want to make about $4,336 per month or $52,032 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Lake Mills, WI

27 Available Apartments for Rent

Search for Nearby Apartments

How does Lake Mills, WI compare to other nearby cities and neighborhoods?

Use the tool below to compare Lake Mills, WI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Lake Mills Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Johnson Creek

    Johnson Creek

    Avg Rent: $1,549/month

  • Jefferson

    Jefferson

    Avg Rent: $1,074/month

  • Cambridge

    Cambridge

    Avg Rent: $1,392/month

  • Deerfield

    Deerfield

    Avg Rent: $1,474/month

  • Marshall

    Marshall

    Avg Rent: $1,459/month

  • Fort Atkinson

    Fort Atkinson

    Avg Rent: $897/month

  • Watertown

    Watertown

    Avg Rent: $1,162/month

  • Cottage Grove

    Cottage Grove

    Avg Rent: $1,412/month

Apartment Communities in Lake Mills We Think You'll Love

Rock Creek Apartments

Rock Creek Apartments

800 Brewster Dr,
Lake Mills, WI 53551

1-2 Beds | $1,449 - $1,899

Summer Ridge

Summer Ridge

33 Brookstone Dr,
Lake Mills, WI 53551

1-3 Beds | $1,433 - $2,095

Pondview Apartments

Pondview Apartments

285 Tamarack Dr,
Lake Mills, WI 53551

2 Beds | $1,300

203 E Lake Park Pl

203 E Lake Park Pl

203 E Lake Park Pl,
Lake Mills, WI 53551

2 Beds | $1,325

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Frequently Asked Questions

What is the average rent in Lake Mills?

The average rent in Lake Mills is $1,301 per month, which is 21.8% lower than the national average of $1,663.

Are rents going up or down in Lake Mills?

Rents in Lake Mills, WI are increasing, with prices up 4.7% year-over-year and $62 more per month.

What rent range is most common in Lake Mills?

In Lake Mills, WI, 50% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Wisconsin Lake Mills Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity