Lake City, MN rental market
Last updated August 29, 2025
Rental market summary
The average rent for all bedrooms and all property types in Lake City, MN is $1,475.
$1,475
+$480
+$380
11
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $200 to $2,200.
| Rent price | Number of rental properties |
|---|---|
| $0 | 1 |
| $700 | 1 |
| $900 | 3 |
| $1,400 | 1 |
| $1,800 | 1 |
| $1,900 | 3 |
| $2,000 | 2 |
| $2,100 | 2 |
| $2,200+ | 2 |
Average rent price over time
In the last year, rent has increased by $380 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $978 | $925 |
| Feb | $795 | $900 |
| Apr | $795 | $200 |
| May | $956 | $200 |
| Jun | $1,095 | $795 |
| Jul | $1,095 | $995 |
| Aug | $1,095 | $995 |
| Sep | $1,095 | No data |
| Oct | $956 | No data |
| Nov | $1,000 | No data |
| Dec | $1,000 | No data |
Market temperature
The Lake City, MN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Lake City, MN is 30% lower than the national average.
$1,475
$2,100
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Frequently asked questions
1. What is the average rent in Lake City, MN?
The average rent in Lake City, MN is $1,475.
2. How much does it cost to rent a house in Lake City, MN?
Houses in Lake City, MN rent between $200 - $2,200 with an average rent of $1,475.
3. How has the rent in Lake City, MN changed in the last year?
In the last year, the rent in Lake City, MN increased by $380
4. How much has the rent in Lake City, MN increased/decreased in the last month?
In the last month, the rent in Lake City, MN increased by $480
5. How many available rentals are there in Lake City, MN?
There are currently 11 rentals available in Lake City, MN.
6. How do rent prices in Lake City, MN compare with the national average?
The average rent in Lake City, MN is $1,475 — 29.76% lower the national average of $2,100.