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Lake Park, IA Homes for Rent

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  • /15

    $1,700 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,440 Sq Ft
    • House for Rent

    301 Ave B E, Lake Park, IA 51347

    Property Id: 2599200Spacious 3-bedroom, 1.5-bath home available for rent. This property features a comfortable layout with plenty of living space and includes kitchen appliances for your convenience. 6,098 Square Feet Lot.Renters must complete an application prior to approval.Contact us today for more information or to schedule a showing!Small dogs are welcome

    301 Ave B E, Lake Park, IA 51347
  • /2

    $850 Per Month

    • 1 Bed
    • 1 Bath
    • 884 Sq Ft
    • House for Rent

    404 W 1st St, Lake Park, IA 51347

    Property Id: 2708107Recently remodeled 1 bedroom, 1 bath house in Lake Park. Tenant pays for all utilities and takes care of lawn/snow. House is available on July 15th. NO PETS/NO SMOKING

    404 W 1st St, 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 $1,275 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.
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 $51,000 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 $1,275 per month in Lake Park, IA, renters typically need to show $3,825 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 12.8, 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

Number of Homes for Rent
2
Median Rent
$1,275
Median Single Family Home Rent
$850
Median Condo Rent
$1,800
How to Rent a Home