
Cheap Apartments for Rent in Lakeville, MN from $1,000 (68 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakeville.


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Authentix Lakeville

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Arris Lakeville

LakeVillage Apartments

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Springs at Lakeville

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Lakeside Flats

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Northlake Lofts

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Lakeville Woods

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The Edison at Avonlea

Marion Crossing
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

Spero Senior Living

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The Edison at Spirit

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SouthFork Townhomes + Flats

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Livery Modern Apartments

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16075 Joplin Ave, Unit 1

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Wildwood Lakeville - NOW OPEN!

9638 172nd St W

16106 Joplin Way

Colonial Apartments

Village Dweller Apartments
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.

Colonial Apartments

Evergreen Apartments

Village Dweller

The Waters of Kingsley Shore

9830 Upper 161st St W

504 Juliet Dr

733 Juliet Dr

801 MacBeth Cir

824 MacBeth Cir

The Felix
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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Southwind Village

Provence

MAJESTIC COVE

Rosewood Manor

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The Woods of Burnsville Apartments

Remington Cove I

KINGSTON GREEN

Applewoods Apartments

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The Overlook at Crystal Lake

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Hearthstone Apartments and Townhomes
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.

7624 157th St W, Unit 102

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Galante at Parkside

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Springs At Apple Valley

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Coventry Court Townhomes

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Valley Pond

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Neon Burnsville

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Gabella at Parkside

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Nuvelo at Parkside

Timber Ridge Townhomes

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Rambush Estates
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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.
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 | $1,456 | $1,146 | $1,648 |
| Cheap Lakeville 1 Bedroom Apartments | $1,616 | $1,143 | $2,215 |
| Cheap Lakeville 2 Bedroom Apartments | $2,100 | $1,295 | $4,014 |
| Cheap Lakeville 3 Bedroom Apartments | $2,704 | $1,750 | $3,808 |
| Cheap Lakeville 4 Bedroom Apartments | $4,142 | $2,704 | $4,508 |
Browse Top Apartments in Lakeville
See all Apartments in LakevilleExplore Lakeville
Lakeville, MN Local Guide
- Lakeville Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Lakeville, MN
Pricing Updated: 07/09/2026Current apartment rentals in the Lakeville, MN area range in price from $1,200 to $4,495 with an overall median price of $3,334. The three Lakeville neighborhoods with the lowest median rent pricing are Oak Shores at $1,700, Crossroads at $2,400, and Wood Hill at $1,200. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Oak Shores | $2,095 | $1,700 | 2 |
| Crossroads | $2,650 | $2,400 | 2 |
| Wood Hill | $3,200 | $1,200 | 11 |
| Dakota Far Southwest Suburbs | $4,364 | $1,200 | 62 |
| Donnelly Farm | $4,364 | $1,785 | 15 |
Cheapest Available Lakeville Apartments for Rent
 The cheapest available apartment rental in Lakeville, MN is a 1 Bed unit found at The Felix in the Heart of the City neighborhood priced from $1,143. Southwind Village in the Oak Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,179. Here is today’s list of the most affordable Lakeville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Felix | The Ronan | 1BR,1BA | $1,143 |
| Southwind Village | A1 | 1BR,1BA | $1,179 |
| MAJESTIC COVE | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1,185 |
| Rosewood Manor | 1 Bedroom | 1BR,1BA | $1,200 |
| The Oaks of Lakeville | 1 BD / 1 BA | 1BR,1BA | $1,250 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1,261 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1,350 |
| Applewoods Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,350 |
| Provence | A2 | 1BR,1BA | $1,356 |
| The Overlook at Crystal Lake | S2 | Studio,1BA | $1,385 |
Best Value Apartments for Rent in Lakeville, MN
As of July 10, 2026 the best value apartment in the Lakeville area is the $1.55 price per square foot 3 Bed, 2 Bath Model at Rambush Estates in the in the Timberland Knolls Acres neighborhood starting from $1,879. The second greatest value Lakeville apartment is the Galaxie 1 Model at Remington Cove I starting at $1,889 with a $1.67 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. |
|---|---|---|---|
| Rambush Estates | 3 Bed, 2 Bath | 3BR,2BA | $1.55 |
| Remington Cove I | Galaxie 1 | 2BR,2BA | $1.67 |
| The Felix | The Acacia | 2BR,2BA | $1.47 |
| Timber Ridge Townhomes | Two Bedroom | 2BR,1BA | $1.63 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1.55 |
| Rosewood Manor | 2 Bedroom | 2BR,1BA | $1.62 |
| The Oaks of Lakeville | 1 BD / 1 BA | 1BR,1BA | $1.60 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1.63 |
| Southwind Village | A1 | 1BR,1BA | $1.59 |
| MAJESTIC COVE | 1 Bedroom 1 Bath Waitlist Application | 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From 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 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.
Lakeville, MNPopulation: 65,877
Ranked #566
in US Census Population by City
Best Local Schools in Lakeville, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Cheap Lakeville Apartments
What is the Cheapest Studio apartment in Lakeville?
Currently the most affordable Cheap Studio Apartment in Lakeville is at The Overlook at Crystal Lake listed at $1,385.
How much is rent for a Cheap One Bedroom Lakeville Apartment?
The lowest price for a Cheap One Bedroom Lakeville Apartment is $1,185 at MAJESTIC COVE.
What is the lowest price for a Cheap Two Bedroom Lakeville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lakeville is starting from $1,295 at Rosewood Manor.
What is the most affordable Lakeville Three Bedroom Apartment?
The best deal on a cheap Lakeville Three Bedroom Apartment rental is at MAJESTIC COVE and starts from $1,750.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.