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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lakeville Studio Apartments | $1,436 | $980 | $1,920 |
| Cheap Lakeville 1 Bedroom Apartments | $1,623 | $1,165 | $2,586 |
| Cheap Lakeville 2 Bedroom Apartments | $2,010 | $1,220 | $4,594 |
| Cheap Lakeville 3 Bedroom Apartments | $2,421 | $1,725 | $3,076 |
| Cheap Lakeville 4 Bedroom Apartments | $2,549 | $2,500 | $2,599 |
Current apartment rentals in the Lakeville, MN area range in price from $631 to $8,184 with an overall median price of $2,403. The three Lakeville neighborhoods with the lowest median rent pricing are Prairie Lake at $1,459, Timbercrest At Lakeville at $1,265, and Pine Grove at $1,165. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Prairie Lake | $2,100 | $1,459 | 21 |
| Timbercrest At Lakeville | $2,100 | $1,265 | 26 |
| Pine Grove | $2,140 | $1,165 | 74 |
| Oak Shores | $2,303 | $980 | 185 |
| Wood Hill | $2,400 | $631 | 46 |
| Crossroads | $2,495 | $1,165 | 76 |
| Dakota Far Southwest Suburbs | $2,699 | $910 | 564 |
| Donnelly Farm | $2,699 | $1,265 | 53 |
| Homestead Creek | $2,699 | $1,103 | 109 |
The cheapest available apartment rental in Lakeville, MN is a Studio unit found at Southwind Village in the Oak Shores neighborhood priced from $1,103. MAJESTIC COVE in the Cobblestone Legacy neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,165. Here is today’s list of the most affordable Lakeville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southwind Village | S1 | Studio,1BA | $1,103 |
| MAJESTIC COVE | Open living space + spacious master | 1BR,1BA | $1,165 |
| The Felix | The Selene A | 1BR,1BA | $1,191 |
| Rosewood Manor | 1 Bed, 1 bath | 1BR,1BA | $1,220 |
| The Oaks of Lakeville | 1 BD / 1 BA | 1BR,1BA | $1,265 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony | 1BR,1BA | $1,330 |
| Hearthstone Apartments and Townhomes | D | 1BR,1BA | $1,343 |
| The Overlook at Crystal Lake | S2 | Studio,1BA | $1,350 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1,352 |
As of September 18, 2025 the best value apartment in the Lakeville area is the $1.74 price per square foot Redwood Model at Gabella at Parkside in the in the Cobblestone Legacy neighborhood starting from $2,219. The second greatest value Lakeville apartment is the 2 Bed, 2 Bath Model at Rambush Estates starting at $1,700 with a $1.55 price per square foot in the Timberland Knolls Acres neighborhood. Here is today’s list of the best values for Lakeville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gabella at Parkside | Redwood | 2BR,2BA | $1.74 |
| Rambush Estates | 2 Bed, 2 Bath | 2BR,2BA | $1.55 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.63 |
| Valley Pond | Maple | 2BR,2BA | $1.61 |
| The Legends of Apple Valley | Two Bedroom - B | 2BR,2BA | $1.69 |
| Lakeville Pointe Apartments | C1 | 2BR,2BA | $1.45 |
| Coventry Court Townhomes | 1 Bedroom plus den | 1BR,1BA | $1.64 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony | 1BR,1BA | $1.53 |
| 16955 Garcia Way W, Unit 2 | 16955 Garcia Way W | 2BR,1BA | $1.50 |
| MAJESTIC COVE | Open living space + spacious master | 1BR,1BA | $1.61 |
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Most errands require a car
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It may be possible to get on a bus
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakeville is under $1,352.
The cheapest apartment in Lakeville is MAJESTIC COVE which is listed at $1,165, while the average apartment in Lakeville costs $2,403.
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 55 regular apartments in Lakeville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Lakeville have an average cost of $137 which is $2,266 cheaper than the average rent for all rentals in Lakeville.
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