Cheap Apartments for Rent in Lakeville, MN from $1,000 (44 Rentals)

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

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.

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Colonial Apartments
2 Bedroom Apartments

Colonial Apartments

20596 Hollins Ave WLakeville, MN 55044
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Evergreen Apartments
1 to 2 Bedroom Apartments

Evergreen Apartments

8590 208th St WLakeville, MN 55044
  • Utilities Included

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.

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Village Dweller
1 to 2 Bedroom Apartments

Village Dweller

20966-20968 Holt AveLakeville, MN 55044
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Colonial Apartments
2 Bedroom Apartments

Colonial Apartments

20612 Hollins Ave WLakeville, MN 55044
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Kingsley Shores
Studio to 1 Bedroom Apartments

Kingsley Shores

16880 Klamath TrlLakeville, MN 55044
Senior Living
  • Utilities Included

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.

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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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Apple Villa
1 to 2 Bedroom Apartments

Apple Villa

7820-7822 Whitney DrApple Valley, MN 55124
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Oaks Whitney Pines
1 to 2 Bedroom Apartments

Oaks Whitney Pines

7750 Whitney DrApple Valley, MN 55124
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Whispering Oaks
1 to 3 Bedroom Apartments

Whispering Oaks

1600 W 143rd StBurnsville, MN 55306
  • Utilities Included

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.

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Wexford Place
2 Bedroom Apartments

Wexford Place

15850 Chippendale Ave WRosemount, MN 55068
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The Apex
1 to 2 Bedroom Apartments

The Apex

15101 Greenhaven DrBurnsville, MN 55306
Showing Results 1-44, Page 1 of 1

Lakeville, MN Local Guide

Cheapest Neighborhoods for Apartments in Lakeville, MN

Pricing Updated: 08/04/2025

Current apartment rentals in the Lakeville, MN area range in price from $631 to $7,930 with an overall median price of $2,254. The three Lakeville neighborhoods with the lowest median rent pricing are Heritage at $1,250, Prairie Lake at $1,315, and Timbercrest At Lakeville at $1,250. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Heritage$2,110$1,25027
Prairie Lake$2,130$1,31525
Timbercrest At Lakeville$2,130$1,25029
Rolling Oaks South$2,150$1,125151
Oak Shores$2,155$1,099161
Pine Grove$2,187$1,16570
Chadwick Farm$2,322$1,25022
Dakota Far Southwest Suburbs$2,322$910568
Donnelly Farm$2,322$1,25056
Crossroads$2,422$1,16551

Cheapest Available Lakeville Apartments for Rent

 

The cheapest available apartment rental in Lakeville, MN is a 1 Bed unit found at Southwind Village in the Oak Shores neighborhood priced from $1,125. 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 ListingModel NameBed/BathPriced From
Southwind VillageA11BR,1BA$1,125
MAJESTIC COVEOpen living space + spacious master1BR,1BA$1,165
The FelixThe Ellicott A1BR,1BA$1,216
The Woods of Burnsville ApartmentsSycamore1BR,1BA$1,250
The Oaks of Lakeville1 BD / 1 BA1BR,1BA$1,250
Rosewood Manor2 Beds, 1 bath2BR,1BA$1,300
Arris LakevillePineStudio,1BA$1,319
Northlake LoftsSugarStudio,1BA$1,325
The Overlook at Crystal LakeS2Studio,1BA$1,350
Galante at ParksideMural - Income Restrictions ApplyStudio,1BA$1,355

Best Value Apartments for Rent in Lakeville, MN

As of August 04, 2025 the best value apartment in the Lakeville area is the $1.27 price per square foot Spacious 3 bedroom & master walk-in closet Model at KINGSTON GREEN in the in the Cobblestone Legacy neighborhood starting from $1,915. The second greatest value Lakeville apartment is the Maple A Model at Lakeville Woods starting at $1,846 with a $1.58 price per square foot in the Donnelly Farm 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.
KINGSTON GREENSpacious 3 bedroom & master walk-in closet3BR,2BA$1.27
Lakeville WoodsMaple A2BR,2BA$1.58
Rambush Estates2 Bed, 2 Bath2BR,2BA$1.55
The ApexWaconia2BR,2BA$1.51
Lakeville Pointe ApartmentsC12BR,2BA$1.45
Applewoods Apartments2 Bedroom 1 Bathrom2BR,1BA$1.55
Rosewood Manor2 Beds, 1 bath2BR,1BA$1.63
The Oaks of Lakeville1 BD / 1 BA1BR,1BA$1.60
Southwind VillageA11BR,1BA$1.55
MAJESTIC COVEOpen living space + spacious master1BR,1BA$1.61

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.

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Pet Friendly Lifestyle
Lakeville, MN

Ranked #88

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

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See the most popular apartments and homes in Lakeville, MN

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,355.

What is the price of a cheap apartment in Lakeville?

The cheapest apartment in Lakeville is Southwind Village which is listed at $1,125, while the average apartment in Lakeville costs $2,254.

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 91 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 $134 which is $2,120 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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.