Cheap Apartments for Rent in Lakeville, MN from $900 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Lakeville.

close
View Me
The Oaks of Lakeville
$1,365
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,350
Required Monthly Fees
$15

Total Monthly Price
$1,365
1 Bedroom Apartments Available Now

The Oaks of Lakeville

20464 Iberia AveLakeville, MN 55044
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Colonial Apartments
1 to 2 Bedroom Apartments

Colonial Apartments

20596 Hollins Ave WLakeville, MN 55044
  • Utilities Included

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.

close
View Me
Colonial Apartments
1 to 2 Bedroom Apartments

Colonial Apartments

20612 Hollins Ave WLakeville, MN 55044
  • Utilities Included
close
View Me
Evergreen Apartments
Studio to 2 Bedroom Apartments

Evergreen Apartments

8590 208th St WLakeville, MN 55044
  • Utilities Included
close
View Me
Village Dweller
1 to 2 Bedroom Apartments

Village Dweller

20966-20968 Holt AveLakeville, MN 55044
  • Utilities Included
close
View Me
Lakeside Flats
Studio to 3 Bedroom Apartments

Lakeside Flats

16255 Kenyon AveLakeville, MN 55044
Corporate Housing
close
View Me
Kingsley Shores
Studio to 2 Bedroom Apartments

Kingsley Shores

16880 Klamath TrlLakeville, MN 55044
Senior Living
  • Utilities Included

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.

close
View Me
The Woods of Burnsville Apartments
$1,251 - $2,737
Total Monthly Price

Total Monthly Price

Base Rent
$1,226 - $2,712
Required Monthly Fees
$25

Total Monthly Price
$1,251 - $2,737
Studio to 3 Bedroom Apartments Available Now

The Woods of Burnsville Apartments

14701 Portland Ave SBurnsville, MN 55306
Pet Friendly
  • Verified
  • Customer Reviewed
  • Matterport 3D Tour

Cash 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.

close
View Me
Apple Villa
1 to 2 Bedroom Apartments

Apple Villa

7820-7822 Whitney DrApple Valley, MN 55124
  • Utilities Included
close
View Me
Oaks Whitney Pines
1 to 2 Bedroom Apartments

Oaks Whitney Pines

7750 Whitney DrApple Valley, MN 55124
  • Utilities Included
close
View Me
Whispering Oaks
1 to 3 Bedroom Apartments

Whispering Oaks

1600 W 143rd StBurnsville, MN 55306
  • Utilities Included
close
View Me
The Apex
1 to 2 Bedroom Apartments

The Apex

15101 Greenhaven DrBurnsville, MN 55306

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.

Lakeville, MN Local Guide

Cheapest Neighborhoods for Apartments in Lakeville, MN

Pricing Updated: 11/13/2025

Current apartment rentals in the Lakeville, MN area range in price from $831 to $4,169 with an overall median price of $2,319. The three Lakeville neighborhoods with the lowest median rent pricing are Oak Shores at $902, Prairie Lake at $1,350, and Timbercrest At Lakeville at $1,350. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Oak Shores$2,146$902137
Prairie Lake$2,170$1,35024
Timbercrest At Lakeville$2,170$1,35026
Pine Grove$2,299$1,18594
Donnelly Farm$2,334$1,24849
Foxborough$2,339$1,185112
Crossroads$2,344$1,18599
Dakota Far Southwest Suburbs$2,500$900597
Wood Hill$2,575$831112

Cheapest Available Lakeville Apartments for Rent

 

The cheapest available apartment rental in Lakeville, MN is a 1 Bed unit found at Rambush Estates in the Timberland Knolls Acres neighborhood priced from $902. MAJESTIC COVE in the Cobblestone Legacy neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,185. Here is today’s list of the most affordable Lakeville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rambush Estates1 Bed, 1 Bath1BR,1BA$902
MAJESTIC COVEOpen living space + spacious master *WAITLIST*1BR,1BA$1,185
The FelixThe Selene A1BR,1BA$1,191
Historical - Southwind VillageA31BR,1BA$1,208
The Woods of Burnsville ApartmentsSycamore1BR,1BA$1,251
Authentix Lakeville1 BR Horizon Courtyard1BR,1BA$1,254
Springs At Apple ValleyStudio Grand OverlookStudio,1BA$1,255
Rosewood Manor1 Bed, 1 bath1BR,1BA$1,275
Springs At Cobblestone LakeStudio Grand OverlookStudio,1BA$1,307
ProvenceA11BR,1BA$1,346

Best Value Apartments for Rent in Lakeville, MN

As of November 13, 2025 the best value apartment in the Lakeville area is the $0.81 price per square foot 1 Bed, 1 Bath Model at Rambush Estates in the in the Timberland Knolls Acres neighborhood starting from $902. The second greatest value Lakeville apartment is the Three Bedroom Model at Timber Ridge Townhomes starting at $1,875 with a $1.70 price per square foot in the Heart of the City neighborhood. Here is today’s list of the best values for Lakeville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rambush Estates1 Bed, 1 Bath1BR,1BA$0.81
Timber Ridge TownhomesThree Bedroom3BR,1.5BA$1.70
Valley PondMaple2BR,2BA$1.61
The Legends of Apple Valley 55+ ApartmentsTwo Bedroom - B2BR,2BA$1.69
Wexford PlaceC22BR,2BA$1.44
Coventry Court Townhomes2 BD, 2 BA2BR,2BA$1.66
KINGSTON GREENOpen concept living with walk-out patio/balcony...1BR,1BA$1.55
ProvenceA11BR,1BA$1.57
Hearthstone Apartments and TownhomesC1BR,1BA$1.75
MAJESTIC COVEOpen living space + spacious master *WAITLIST*1BR,1BA$1.64

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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 Article
Decorative image

The 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lakeville, MN

Ranked #207

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lakeville, MN Rentals by Map

View Map
Lakeville, MN Apartments Map
View Map
Lakeville, MN Rental Homes Map

Getting Around Lakeville, MN

Walk Score®

28 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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 $1,346.

What is the price of a cheap apartment in Lakeville?

The cheapest apartment in Lakeville is Rambush Estates which is listed at $902, while the average apartment in Lakeville costs $2,319.

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 46 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 $162 which is $2,157 cheaper than the average rent for all rentals in Lakeville.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.