Search the lowest-cost Apartments available for rent right now in Lakeville.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lakeville Studio Apartments | $1,424 | $1,064 | $1,709 |
| Cheap Lakeville 1 Bedroom Apartments | $1,571 | $1,105 | $3,189 |
| Cheap Lakeville 2 Bedroom Apartments | $1,988 | $1,298 | $4,364 |
| Cheap Lakeville 3 Bedroom Apartments | $2,788 | $1,750 | $3,750 |
| Cheap Lakeville 4 Bedroom Apartments | $4,045 | $2,704 | $4,300 |
Current apartment rentals in the Lakeville, MN area range in price from $831 to $7,901 with an overall median price of $3,538. The three Lakeville neighborhoods with the lowest median rent pricing are Foxborough at $1,185, Crossroads at $1,185, and Oak Shores at $1,064. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Foxborough | $2,424 | $1,185 | 63 |
| Crossroads | $2,429 | $1,185 | 51 |
| Oak Shores | $2,704 | $1,064 | 115 |
| Dakota Far Southwest Suburbs | $4,150 | $952 | 408 |
| Donnelly Farm | $4,150 | $1,295 | 51 |
| Prairie Lake | $4,150 | $1,441 | 34 |
| Timbercrest At Lakeville | $4,150 | $1,295 | 35 |
| Wood Hill | $4,150 | $831 | 63 |
The cheapest available apartment rental in Lakeville, MN is a Studio unit found at Southwind Village in the Oak Shores neighborhood priced from $1,055. The Felix in the Heart of the City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,105. 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 | $1,055 |
| The Felix | The Ronan | 1BR,1BA | $1,105 |
| MAJESTIC COVE | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1,185 |
| The Woods of Burnsville Apartments | Spruce | Studio,1BA | $1,188 |
| The Oaks of Lakeville | 1 BD / 1 BA | 1BR,1BA | $1,295 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1,350 |
| Applewoods Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,350 |
| The Overlook at Crystal Lake | S2 | Studio,1BA | $1,385 |
| Authentix Lakeville | Studio Horizon Overlook | Studio,1BA | $1,387 |
| Rosewood Manor | 2 Bedroom | 2BR,1BA | $1,395 |
As of May 25, 2026 the best value apartment in the Lakeville area is the $1.69 price per square foot D1 Glenwood Model at The Crossing at Ritter Meadows in the in the Wood Hill neighborhood starting from $3,325. The second greatest value Lakeville apartment is the Three Bedroom - B Model at The Legends of Apple Valley 55+ Apartments starting at $1,955 with a $1.45 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. |
|---|---|---|---|
| The Crossing at Ritter Meadows | D1 Glenwood | 3BR,2.5BA | $1.69 |
| The Legends of Apple Valley 55+ Apartments | Three Bedroom - B | 3BR,2BA | $1.45 |
| Rambush Estates | 3 Bed, 2 Bath | 3BR,2BA | $1.55 |
| Hearthstone Apartments and Townhomes | E | 2BR,2BA | $1.67 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.60 |
| Timber Ridge Townhomes | Two Bedroom | 2BR,1BA | $1.63 |
| Coventry Court Townhomes | 2 BD, 2 BA | 2BR,2BA | $1.66 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1.55 |
| The Oaks of Lakeville | 1 BD / 1 BA | 1BR,1BA | $1.66 |
| MAJESTIC COVE | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1.64 |
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 ArticleFrom the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleThe 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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See the most popular apartments and homes in Lakeville, MN
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakeville is under $1,395.
The cheapest apartment in Lakeville is The Felix which is listed at $1,105, while the average apartment in Lakeville costs $3,538.
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 50 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 $130 which is $3,408 cheaper than the average rent for all rentals in Lakeville.
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