Homes & Apartments for Rent in 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

As of September 2026, 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 20.5% ($295) higher than the Wisconsin average of $1,440 and 4.0% ($73) lower than the U.S. average of $1,808.

Average Rent
$1,735
Monthly ChangeMonth Over Month Change
Increased3% ($51)
Yearly ChangeYear Over Year Change
Increased4.8% ($79)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,504 Increased2% ($29) Increased7.1% ($100)
2 Beds $1,789 Increased2.3% ($40) Decreased0.3% ($6)
3 Beds $2,264 Increased3.1% ($69) Decreased0.9% ($20)
Nearby Cities Average Rent Avg. Rent vs. Lake MillsAverage Rent vs. Lake Mills Avg. Days on MarketAverage Days on Market
Waterloo $935 Decreased46.1% ($800) 38 days
Johnson Creek $1,870 Increased7.8% ($135) 39 days
Cambridge $1,747 Increased0.7% ($12) 46 days
Deerfield $1,623 Decreased6.5% ($112) 42 days
Jefferson $1,360 Decreased21.6% ($375) 39 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.

The average rent in Lake Mills, WI is $1,735 per month.
Homes in Lake Mills typically rent for between $1,053 and $2,943 per month, with an average of $1,735 per month.
In Lake Mills, the average rent for a 1-bedroom home is $1,504 per month, for a 2-bedroom home, $1,789 per month, and a 3-bedroom home is $2,264 per month.
The average rent in Lake Mills is 4% ($73) lower than the national average of $1,808 per month.
The average rent in Lake Mills has increased by 3.0% ($51) in the last month and increased by 4.8% ($79) over the past year.
The rental market in Lake Mills, WI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 12 rental properties available in Lake Mills, WI.
Based on the current averages, a household would need an annual income of $71,560 to comfortably afford a 2-bedroom home in Lake Mills.
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