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Studio Apartment for Rent in Rice Lake, WI

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    $625 Per Month

    • Studio
    • 1 Bath
    • 150 Sq Ft
    • Condo for Rent

    1520 S Main St Unit 8, Rice Lake, WI 54868

    Budget-friendly studio apartment with all utilities included for $625 per month in Rice Lake, Wisconsin. This ground-level studio unit in an eight-unit building is approximately 150 square feet and includes one bathroom. The space is compact and ideal for one occupant.The apartment features a 10 cubic foot refrigerator, microwave, and a small kitchenette area with a sink and food prep

    1520 S Main St Unit 8, Rice Lake, WI 54868

Why Live in Rice Lake

Rice Lake, WI, located in the northwestern corner of the state, is a small city known for its picturesque views of Rice Lake and scenic rivers. The area is popular for outdoor activities, with sports parks, trails, and the 104-mile Wild Rivers State Trail catering to all-terrain vehicles, snowmobiles, skiers, cyclists, and pedestrians. Year-round events such as festivals, fairs, circuses, and rodeos provide plenty of things to do. The city serves as a hub for shopping, education, and healthcare for nearby communities, with major employers including Rice Lake Weighing Systems and Marshfield Medical Center. Housing options range from century-old cottages to new subdivisions, with lakefront retreats also available. Parks like Veterans Memorial Park and Lakefront Park offer green spaces and cultural events, while sports complexes host various athletic activities. The Rice Lake Area School District is highly rated, and the University of Wisconsin-Eau Claire at Barron County is nearby. Recent downtown renovations have improved accessibility, enhancing the appeal of local breweries, restaurants, and cafes. Summers are mild, and winters are snowy, making Rice Lake a year-round destination. Car travel is common, with limited public transportation options. Rice Lake is 60 miles north of Eau Claire and 100 miles from Minneapolis/Saint Paul, with the closest commercial airport in Eau Claire, 56 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Rice Lake, WI?
The median rent for a home in Rice Lake, WI is $950 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes 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 $38,000 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 $950 per month in Rice Lake, WI, renters typically need to show $2,850 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 22.8, 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 in Rice Lake, WI

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$950
Median Single Family Home Rent
$1,250
Median Condo Rent
$750
How to Rent a Home