Homes For Rent in Lake Mills, WI

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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 March 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 3.6% ($50) lower than the Wisconsin average of $1,389 and 25.1% ($449) lower than the U.S. average of $1,788.

Average Rent
$1,339
Monthly ChangeMonth Over Month Change
Decreased3.7% ($52)
Yearly ChangeYear Over Year Change
Decreased12.9% ($199)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,278 Decreased3% ($40) Decreased3.1% ($41)
2 Beds $1,497 Increased2.5% ($37) Decreased8.1% ($132)
3 Beds $1,858 Increased0.2% ($4) Decreased10.2% ($211)
Nearby Cities Average Rent Avg. Rent vs. Lake MillsAverage Rent vs. Lake Mills Avg. Days on MarketAverage Days on Market
Waterloo $921 Decreased31.2% ($418) 38 days
Johnson Creek $1,757 Increased31.2% ($418) 39 days
Deerfield $1,626 Increased21.4% ($287) 42 days
Jefferson $997 Decreased25.5% ($342) 39 days
Fort Atkinson $981 Decreased26.7% ($358) 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 $1,339 per month.
Homes in Lake Mills typically rent for between $895 and $2,415 per month, with an average of $1,339 per month.
In Lake Mills, the average rent for a 1-bedroom home is $1,278 per month, for a 2-bedroom home, $1,497 per month, and a 3-bedroom home is $1,858 per month.
The average rent in Lake Mills is 25.1% ($449) lower than the national average of $1,788 per month.
The average rent in Lake Mills has decreased by 3.7% ($52) in the last month and decreased by 12.9% ($199) 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 5 rental properties available in Lake Mills, WI.
Based on the current averages, a household would need an annual income of $59,880 to comfortably afford a 2-bedroom home in Lake Mills.
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