
Cheap Apartments for Rent in Lakeville, MN from $900 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakeville.


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Northlake Lofts

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Authentix Lakeville

LakeVillage Apartments

SouthFork Townhomes + Flats

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Springs at Lakeville
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Rambush Estates

Rosewood Manor

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14115 Pennock Ave, Unit 306
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

MAJESTIC COVE

The Felix

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The Woods of Burnsville Apartments

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Hearthstone Apartments and Townhomes

KINGSTON GREEN

Provence

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Springs At Apple Valley

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Southwind Village
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Coventry Court Townhomes

The Overlook at Crystal Lake

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Nuvelo at Parkside

Havenwood Senior Living of Burnsville
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Lakeville, MN Local Guide

How much does it cost to rent an apartment in Lakeville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lakeville Studio Apartments | $1,545 | $1,000 | $1,894 |
| Cheap Lakeville 1 Bedroom Apartments | $1,610 | $902 | $2,215 |
| Cheap Lakeville 2 Bedroom Apartments | $1,984 | $1,400 | $3,248 |
| Cheap Lakeville 3 Bedroom Apartments | $2,423 | $1,725 | $3,244 |
Browse Top Apartments in Lakeville
See all Apartments in LakevilleExplore Lakeville
Lakeville, MN Local Guide
- Lakeville Neighborhoods
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Cheapest Neighborhoods for Apartments in Lakeville, MN
Pricing Updated: 01/02/2026Current apartment rentals in the Lakeville, MN area range in price from $831 to $3,271 with an overall median price of $2,359. The three Lakeville neighborhoods with the lowest median rent pricing are Heritage at $1,413, Oak Shores at $902, and Prairie Lake at $1,350. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Heritage | $2,190 | $1,413 | 20 |
| Oak Shores | $2,197 | $902 | 123 |
| Prairie Lake | $2,197 | $1,350 | 19 |
| Timbercrest At Lakeville | $2,197 | $1,350 | 19 |
| Donnelly Farm | $2,225 | $1,350 | 43 |
| Pine Grove | $2,229 | $1,185 | 89 |
| Wood Hill | $2,380 | $831 | 146 |
| Crossroads | $2,450 | $1,185 | 90 |
| Foxborough | $2,472 | $1,185 | 106 |
| Dakota Far Southwest Suburbs | $2,692 | $902 | 604 |
Cheapest Available Lakeville Apartments for Rent
 The cheapest available apartment rental in Lakeville, MN is a 1 Bed unit found at MAJESTIC COVE in the Cobblestone Legacy neighborhood priced from $1,185. The Woods of Burnsville Apartments in the Heart of the City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,187. Here is today’s list of the most affordable Lakeville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MAJESTIC COVE | Open living space + spacious master *WAITLIST* | 1BR,1BA | $1,185 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1,187 |
| The Felix | The Selene A | 1BR,1BA | $1,191 |
| Rosewood Manor | 1 Bed, 1 bath | 1BR,1BA | $1,275 |
| Hearthstone Apartments and Townhomes | C | 1BR,1BA | $1,327 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1,350 |
| Arris Lakeville | Oak | Studio,1BA | $1,350 |
| Provence | E2 | Studio,1BA | $1,364 |
| The Apex | Minnehaha | 1BR,1BA | $1,386 |
| Wexford Place | C1 | 2BR,2BA | $1,395 |
Best Value Apartments for Rent in Lakeville, MN
As of January 02, 2026 the best value apartment in the Lakeville area is the $1.59 price per square foot Pippin 2 Model at Remington Cove I in the in the Cobblestone Legacy neighborhood starting from $2,472. The second greatest value Lakeville apartment is the Two Bedroom - E Model at The Legends of Apple Valley 55+ Apartments starting at $1,699 with a $1.51 price per square foot in the Cobblestone Legacy 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. |
|---|---|---|---|
| Remington Cove I | Pippin 2 | 3BR,2BA | $1.59 |
| The Legends of Apple Valley 55+ Apartments | Two Bedroom - E | 2BR,1.5BA | $1.51 |
| The Edison at Avonlea | LAMARR II (ACC) | 2BR,2BA | $1.77 |
| Timber Ridge Townhomes | Three Bedroom | 3BR,1.5BA | $1.70 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.62 |
| Wexford Place | C1 | 2BR,2BA | $1.42 |
| Applewoods Apartments | 2 Bedroom 1 Bathrom | 1BR,1BA | $1.58 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1.55 |
| Hearthstone Apartments and Townhomes | C | 1BR,1BA | $1.69 |
| MAJESTIC COVE | Open living space + spacious master *WAITLIST* | 1BR,1BA | $1.64 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Lakeville, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lakeville, MN Rentals by Map
See the most popular apartments and homes in Lakeville, MN
Frequently Asked Questions about Cheap Lakeville Apartments
What is a cheap apartment in Lakeville?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakeville is under $1,395.
What is the price of a cheap apartment in Lakeville?
The cheapest apartment in Lakeville is MAJESTIC COVE which is listed at $1,185, while the average apartment in Lakeville costs $2,359.
What types of apartments are the cheapest in Lakeville?
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 42 regular apartments in Lakeville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lakeville?
Cheap apartments in Lakeville have an average cost of $213 which is $2,146 cheaper than the average rent for all rentals in Lakeville.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!











