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Lake Park, IA Home for Rent

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    $1,800 Per Month

    • 2 Beds
    • 1 Bath
    • 1,116 Sq Ft
    • Condo for Rent

    172 W Bay Rd, Lake Park, IA 51347

    Enjoy this Silver Lakeshore Condo for rent all year long! Whether you use it as a full time residence or a weekend/summer getaway you can enjoy the peacefulness of Silver Lake with out having to own it! This property features 2 bedrooms, 1 Bathroom and 1 Stall Attached Garage. This newly constructed building has GE Slate kitchen appliances and washer and dryer and is also a main floor unit with

    Jodi Hellinga Real Estate Unlimited

    172 W Bay Rd, Lake Park, IA 51347

Why Live in Lake Park

Lake Park, Iowa, located in the Iowa Great Lakes region, offers a quieter alternative to the bustling towns around Big Spirit Lake and the Okoboji lakes. The community, situated by Silver Lake, attracts both summer vacationers and permanent residents. Outdoor activities such as fishing, camping, and golfing are popular, with Silver Lake City Park providing amenities like a disc golf course, playground, and athletic courts. The lakefront features ranch-style homes and custom builds, some with private docks, while in-town residences include Nationals, cottages, and ranch-style homes along tree-lined streets. Local attractions include Gunderson’s Restaurant, Johnny’s Pub, and Carstensen’s Meat and Grocery, with additional amenities available in Spirit Lake, just 13 miles away. Harris-Lake Park Middle School/High School is highly rated, and the district is undergoing significant renovations. Lake Park hosts annual events like Farmers Appreciation Days and has an active snowmobiling group, the SnowHawks, which maintains 100 miles of trails. The area is safer than the national average, making it a practical choice for families and individuals seeking a peaceful lakeside lifestyle.

Frequently Asked Questions

How much does it cost to rent a home in Lake Park, IA?
The median rent for a home in Lake Park, IA is $1,800 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Lake Park, IA?
To comfortably afford the median rent in Lake Park, IA, a household needs to earn roughly $72,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,800 per month in Lake Park, IA, renters typically need to show $5,400 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lake Park, IA?
In Lake Park, IA, the price-to-rent ratio is 8.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Lake Park, IA

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,800
Median Condo Rent
$1,800
How to Rent a Home