Cheap Homes for Rent in Lakeville, MN from $1,000 (13 Rentals)

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

property at 5161 148th St W

5161 148th St W

Apple ValleyMN55124

Lakeville, MN Local Guide

Cheapest Neighborhoods for Apartments in Lakeville, MN

Pricing Updated: 09/14/2025

Current apartment rentals in the Lakeville, MN area range in price from $631 to $8,392 with an overall median price of $2,408. The three Lakeville neighborhoods with the lowest median rent pricing are Pine Grove at $1,165, Prairie Lake at $1,459, and Timbercrest At Lakeville at $1,265. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Pine Grove$2,120$1,16574
Prairie Lake$2,120$1,45923
Timbercrest At Lakeville$2,120$1,26528
Oak Shores$2,321$1,103184
Wood Hill$2,398$63146
Crossroads$2,497$1,16574
Dakota Far Southwest Suburbs$2,699$900590
Donnelly Farm$2,699$1,26553
Homestead Creek$2,699$1,103109

Cheapest Available Lakeville Apartments for Rent

 

The cheapest available apartment rental in Lakeville, MN is a Studio unit found at Southwind Village in the Oak Shores neighborhood priced from $1,103. 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 VillageS1Studio,1BA$1,103
MAJESTIC COVEOpen living space + spacious master1BR,1BA$1,165
The FelixThe Selene A1BR,1BA$1,191
Rosewood Manor1 Bed, 1 bath1BR,1BA$1,220
The Oaks of Lakeville1 BD / 1 BA1BR,1BA$1,265

Best Value Apartments for Rent in Lakeville, MN

As of September 14, 2025 the best value apartment in the Lakeville area is the $1.55 price per square foot 2 Bed, 2 Bath Model at Rambush Estates in the in the Timberland Knolls Acres neighborhood starting from $1,700. The second greatest value Lakeville apartment is the 16075 Joplin Ave Model at 16075 Joplin Ave, Unit 2 starting at $1,700 with a $1.55 price per square foot in the Pine Grove 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 Estates2 Bed, 2 Bath2BR,2BA$1.55
16075 Joplin Ave, Unit 216075 Joplin Ave3BR,1BA$1.55
Lakeville WoodsWillow A1BR,1BA$1.63
Valley PondMaple2BR,2BA$1.62
The Legends of Apple ValleyTwo Bedroom - B2BR,2BA$1.69
Lakeville Pointe ApartmentsC12BR,2BA$1.45
Coventry Court Townhomes1 Bedroom plus den1BR,1BA$1.64
KINGSTON GREENOpen concept living with walk-out patio/balcony1BR,1BA$1.53
16955 Garcia Way W, Unit 216955 Garcia Way W2BR,1BA$1.50
MAJESTIC COVEOpen living space + spacious master1BR,1BA$1.61

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Pet Friendly Lifestyle
Lakeville, MN

Ranked #145

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

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Frequently Asked Questions about Lakeville

What type of rentals are currently available in Lakeville?

There are currently 122 Apartments for Rent in Lakeville, MN with pricing that ranges from $1,103 to $4,649. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeville ranging from $1,095 to $4,900.

What is the current price range for Rental Homes in Lakeville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeville ranges from $1,095 to $4,900 with an average monthly rent of $2,475.

How much are larger Three and Four Bedroom Rentals in Lakeville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakeville range from $1,700 to $3,076, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,875 to $2,895. Four Bedroom Single-Family rentals are also available starting from $2,750 and Four Bedroom Apartments start at $2,650.

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 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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.