Rentometer, Inc. | Data as of 10/23/2025
Lake County, nestled in the heart of South Dakota, boasts a vibrant mix of natural beauty and small‑town charm. With its sparkling lakes, rolling prairies, and easy access to state parks, the area attracts outdoor enthusiasts, families, and professionals seeking a peaceful yet connected lifestyle. The county seat, Madison, serves as a cultural hub featuring historic downtown boutiques, local eateries, and community events that celebrate the region’s heritage. Nearby attractions such as Lake Herman State Park and the historic Lake County Courthouse add to the area’s appeal, making it an ideal setting for those who value both recreation and convenience.
The local rental market is anchored by well‑maintained apartment communities, with two‑bedroom units leading the demand. Rent for these apartments typically falls in the $1100‑$1300 range, reflecting an average around $1175 and a median close to $1240. This pricing makes Lake County an attractive option for young families and professionals looking for affordable space without sacrificing quality. Popular neighborhoods like Lakeside and North Shore offer easy access to schools, shopping centers, and the scenic waterfront, while newer developments incorporate modern amenities and flexible lease terms. Whether you’re drawn by the tranquil lakes, the welcoming community, or the balanced cost of living, Lake County’s rental landscape provides a solid foundation for a comfortable and engaging home life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 2 Bedroom | $1,175 | $1,240 | $740 - $1,545 | $740 - $1,545 |
In the current period, the average rent in Lake was
$1,175 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.