4

Rice Lake, WI Condos for Rent

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  • /5

    $750

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    36 W Eau Claire St Unit 2, Rice Lake, WI 54868

    Utilities included in rent except electricity which is billed separately for each unit. Internet is tenants responsibility. Looking for a long-term renter to occupy, care for and enjoy the property. Non-smoking unit. No pets.

    36 W Eau Claire St Unit 2, Rice Lake, WI 54868
  • /3

    $925 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    618 W Messenger St Unit 1, Rice Lake, WI 54868

    618 W Messenger St Unit 1, Rice Lake, WI 54868
  • /2

    $725 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    432 Phipps Ave Unit Upper 1/2, Rice Lake, WI 54868

    432 Phipps Ave Unit Upper 1/2, Rice Lake, WI 54868
  • /2

    $925 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    432 Phipps Ave Unit Lower, Rice Lake, WI 54868

    432 Phipps Ave Unit Lower, Rice Lake, WI 54868

Frequently Asked Questions

How much does it cost to rent a condo in Rice Lake, WI?
The median rent for a condo in Rice Lake, WI is $860 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses are currently more expensive.
How much do you need to make to afford rent in Rice Lake, WI?
To comfortably afford the median rent in Rice Lake, WI, a household needs to earn roughly $40,480 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 $1,012 per month in Rice Lake, WI, renters typically need to show $3,036 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 Rice Lake, WI?
In Rice Lake, WI, the price-to-rent ratio is 21.8, 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 Condos for Rent
4
Median Condo Rent
$860
Median 1 Bedroom Condo Rent
$750
Median 2 Bedroom Condo Rent
$1,013
How to Rent a Home