Search the lowest-cost Apartments available for rent right now in Lakeville.
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lakeville Studio Apartments | $1,477 | $1,241 | $1,698 |
| Cheap Lakeville 1 Bedroom Apartments | $1,673 | $1,185 | $2,301 |
| Cheap Lakeville 2 Bedroom Apartments | $2,106 | $1,295 | $4,469 |
| Cheap Lakeville 3 Bedroom Apartments | $2,717 | $1,700 | $3,808 |
| Cheap Lakeville 4 Bedroom Apartments | $4,139 | $2,995 | $4,508 |
Current apartment rentals in the Lakeville, MN area range in price from $831 to $10,266 with an overall median price of $1,882. The three Lakeville neighborhoods with the lowest median rent pricing are Foxborough at $1,795, Dakota Far Southwest Suburbs at $1,819, and Crossroads at $1,849. 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 |
|---|---|---|---|
| Foxborough | $1,795 | $1,185 | 68 |
| Dakota Far Southwest Suburbs | $1,819 | $1,027 | 663 |
| Crossroads | $1,849 | $1,185 | 49 |
| Wood Hill | $1,900 | $831 | 71 |
| Hypointe Crossing | $1,903 | $1,185 | 130 |
| Oak Shores | $1,903 | $1,161 | 99 |
| Donnelly Farm | $1,917 | $1,250 | 62 |
| Timbercrest At Lakeville | $2,209 | $1,250 | 56 |
| Prairie Lake | $2,303 | $1,406 | 54 |
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 Felix in the Heart of the City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,193. Here is today’s list of the most affordable Lakeville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MAJESTIC COVE | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1,185 |
| The Felix | The Ventura | 1BR,1BA | $1,193 |
| Southwind Village | A1 | 1BR,1BA | $1,216 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1,293 |
| Rosewood Manor | 2 Bedroom | 2BR,1BA | $1,295 |
| The Apex | Minnehaha | 1BR,1BA | $1,345 |
| Applewoods Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,350 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1,350 |
| Springs At Apple Valley | Studio Grand Overlook | Studio,1BA | $1,389 |
| Authentix Lakeville | 1 BR Horizon Overlook | 1BR,1BA | $1,398 |
As of August 24, 2026 the best value apartment in the Lakeville area is the $1.69 price per square foot The Highview - Single Family Home Model at Wildwood Lakeville - NOW OPEN! in the in the Timbercrest At Lakeville neighborhood starting from $4,508. The second greatest value Lakeville apartment is the C1 Tamarack Model at The Crossing at Ritter Meadows starting at $2,725 with a $1.71 price per square foot in the Wood Hill 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. |
|---|---|---|---|
| Wildwood Lakeville - NOW OPEN! | The Highview - Single Family Home | 4BR,2.5BA | $1.69 |
| The Crossing at Ritter Meadows | C1 Tamarack | 2BR,2.5BA | $1.71 |
| Wexford Place | C3 - ACC | 2BR,2BA | $1.21 |
| The Legends of Apple Valley 55+ Apartments | Two Bedroom - E | 2BR,1.5BA | $1.51 |
| Timber Ridge Townhomes | Three Bedroom | 3BR,1.5BA | $1.70 |
| The Oaks of Lakeville | 2 BD / 1.5 BA | 2BR,1.5BA | $1.40 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1.55 |
| Rosewood Manor | 2 Bedroom | 2BR,1BA | $1.62 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1.67 |
| 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
Currently the most affordable Cheap Studio Apartment in Lakeville is at Southwind Village listed at $1,270.
The lowest price for a Cheap One Bedroom Lakeville Apartment is $1,185 at MAJESTIC COVE.
Today's best deal for a Cheap Two Bedroom Apartment in Lakeville is starting from $1,295 at Rosewood Manor.
The best deal on a cheap Lakeville Three Bedroom Apartment rental is at MAJESTIC COVE and starts from $1,750.
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.
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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