Rare earth (RE) additions are capable of refining the α-Al phase as well as modifying the eutectic Si particles of alloys. The cooling rate in casting process should be carefully concerned when the Al-Si alloys are refined and modified by adding RE elements. In this study, the effect of cooling rates on the microstructure and mechanical properties of La modified Al-7.0Si-0.3Mg alloys was studied in gravity die casting and semi-solid die casting. It is found that in La modified Al-7.0Si-0.3Mg alloys, with increasing the cooling rate from 0.2 to 9 K/s in gravity die casting, the α-Al grains are greatly refined and the Si particles are modified to branching morphology, which evidently increases the UTS and elongation of alloys. In addition, when increasing the cooling rate from 30 to 130 K/s in semi-solid die casting, the α-Al grains are refined from 140 to 47 μm, and the Si particles are modified to fibrous morphology, which increases the UTS from 190 to 230 MPa and elongation from 10% to 11%. However, the 0.4 wt.% La addition results to La-rich phases formed in microstructure, which impairs the mechanical properties of Al-7.0Si-0.3Mg alloys in semi-solid die casting.