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Homes & Apartments for Rent in Lake Mills, WI 53551

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What to Know About

Life in Lake Mills & Beyond

Lake Mills shares many of the great qualities that make Wisconsin a desirable place to live.

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

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As of October 2026, Lake Mills's rental market is stable, with rentals spending about 36 days on the market, about the same as in Wisconsin (36), and rents about flat over the past year. Lake Mills's average rent is 9.6% ($145) higher than the Wisconsin average of $1,506 and 20.7% ($431) lower than the U.S. average of $2,082.

Average Rent
$1,651
Monthly ChangeMonth Over Month Change
Decreased0.06% ($1)
Yearly ChangeYear Over Year Change
Increased0.1% ($2)
Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,383 Decreased0.14% ($2) Increased1.5% ($21)
2 Beds $1,710 Decreased0.43% ($7) Decreased0.1% ($1)
3 Beds $2,208 Decreased0.43% ($10) Decreased0.6% ($12)
Nearby Cities Average Rent Avg. Rent vs. Lake MillsAverage Rent vs. Lake Mills Days on Market
Waterloo $1,179 Decreased28.6% ($472) 34 days
Johnson Creek $1,682 Increased1.9% ($31) 33 days
Cambridge $1,638 Decreased0.8% ($13) 28 days
Deerfield $1,626 Decreased1.5% ($25) 28 days
Jefferson $1,346 Decreased18.5% ($305) 36 days
Based on rentals advertised on RentalSource in and around Lake Mills.
Frequently Asked Questions
Lake Mills Rental Market FAQs

Explore rental prices, market conditions, and affordability in Lake Mills, WI.

The average rent in Lake Mills, WI is about $1,651 per month.
In Lake Mills, the average rent is about $1,383 per month for a 1-bedroom home, about $1,710 for a 2-bedroom home and about $2,208 for a 3-bedroom home.
The average rent in Lake Mills is 20.7% ($431) lower than the national average of $2,082 per month.
The rental market in Lake Mills, WI is currently stable, with rentals spending about 36 days on the market, about the same as in Wisconsin (36), and rents about flat over the past year.
Based on the current averages, a household would need an annual income of about $68,400 to comfortably afford a 2-bedroom home in Lake Mills.
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