Wisconsin, known for its picturesque landscapes, vibrant cities, and fascinating history, is a true gem of the Midwest. Discover Wisconsin's rich heritage by visiting its state-of-the-art museums, such as the Wisconsin Historical Museum in Madison or the Milwaukee Public Museum, or enroll in prestigious universities like the University of Wisconsin-Madison, Marquette University, and the University of Wisconsin-Milwaukee. The industries of manufacturing, agriculture, and tourism have built a robust economy in Wisconsin.

Combined with its diverse geography, it offers endless opportunities for outdoor enthusiasts to explore the state's stunning natural beauty. Enjoy fishing in the Great Lakes, skiing in its scenic mountains, or hiking in the picturesque Kettle Moraine State Forest. Cheer for the Green Bay Packers (NFL) and the Milwaukee Bucks (NBA), or take a scenic drive through the charming towns and countryside. And make sure to take advantage of famous attractions like Lambeau Field, Ice Age National Scientific Reserve, and the Wisconsin Dells.

Experience the best of both worlds with Wisconsin's unique blend of outdoor recreation and thriving economy, making it a great place to live.

Rental Market Trends

Lake Mills, WI

As of July 2025, Lake Mills's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lake Mills's average rent is 13.5% ($196) higher than the Wisconsin average of $1,457 and 6.9% ($122) lower than the U.S. average of $1,775.

Average Rent

$1,653

Monthly ChangeMonth Over Month Change

2.2% ($36)

Yearly ChangeYear Over Year Change

12.8% ($188)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,345	4.9% ($63)	1.9% ($25)
2 Beds	$1,692	7.1% ($112)	6.9% ($109)
3 Beds	$2,061	5% ($98)	2.5% ($50)

Nearby Cities	Average Rent	Avg. Rent vs. Lake MillsAverage Rent vs. Lake Mills	Avg. Days on MarketAverage Days on Market
Johnson Creek	$1,859	12.5% ($206)	39 days
Deerfield	$1,518	8.2% ($135)	42 days
Jefferson	$944	42.9% ($709)	39 days
Fort Atkinson	$1,102	33.3% ($551)	39 days
Watertown	$1,135	31.3% ($518)	37 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Lake Mills Rental Market FAQs

Explore rental prices, market trends, and availability in Lake Mills, WI.

What is the average rent in Lake Mills, WI?

The average rent in Lake Mills, WI is $1,653 per month.

What is the rental price range for homes in Lake Mills, WI?

Homes in Lake Mills typically rent for between $942 and $2,679 per month, with an average of $1,653 per month.

What is the average rent for different bedroom sizes in Lake Mills, WI?

In Lake Mills, the average rent for a 1-bedroom home is $1,345 per month, for a 2-bedroom home, $1,692 per month, and a 3-bedroom home is $2,061 per month.

How do rent prices in Lake Mills, WI compare with the national average?

The average rent in Lake Mills is 6.9% ($122) lower than the national average of $1,775 per month.

How have rent prices in Lake Mills, WI changed recently?

The average rent in Lake Mills has increased by 2.2% ($36) in the last month and increased by 12.8% ($188) over the past year.

How competitive is the rental market in Lake Mills, WI?

The rental market in Lake Mills, WI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Lake Mills, WI?

In Lake Mills, WI, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Lake Mills, WI?

There are currently 5 rental properties available in Lake Mills, WI.

Can I afford to rent a home in Lake Mills, WI?

Based on the current averages, a household would need an annual income of $67,680 to comfortably afford a 2-bedroom home in Lake Mills.