4063 145th St W
RosemountMN55068
Cheap Homes for Rent in Lakeville, MN from $1,200 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Lakeville.
15507 Foghorn Ln
Apple ValleyMN55124
8295-8301 144th St W
St. PaulMN55124
15539 Float Ln
Apple ValleyMN55124
308 Caesar St
LakevilleMN55044
407 Wood Way
BurnsvilleMN55337
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
15493 Flight Way
Apple ValleyMN55124
18340 Kerrville Trail
LakevilleMN55044
9910 Upper 161st St W
LakevilleMN55044
7184 155th St W
Apple ValleyMN55124
7954 210th St W
LakevilleMN55044
371 Brutus Dr
LakevilleMN55044
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.
361 Brutus Dr
LakevilleMN55044
7049 157th St W
Apple ValleyMN55124
14154 Plymouth Ave
BurnsvilleMN55337
15785 Flackwood Trl
Apple ValleyMN55124
14865 Damask Ave W
RosemountMN55068
17119 Eastwood Ave
FarmingtonMN55024
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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.
Showing Results 1-18, Page 1 of 1
Lakeville, MN Local Guide
How much does it cost to rent a home in Lakeville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeville 2 Bedroom Homes for Rent | $1,983 | $1,200 | $2,395 |
| Lakeville 3 Bedroom Homes for Rent | $2,448 | $1,850 | $3,995 |
| Lakeville 4 Bedroom Homes for Rent | $3,160 | $2,499 | $3,990 |
| Lakeville 5 Bedroom Homes for Rent | $3,131 | $2,195 | $4,250 |
| Lakeville 6 Bedroom Homes for Rent | $4,300 | $4,300 | $4,300 |
| Lakeville 7 Bedroom Homes for Rent | $4,100 | $4,100 | $4,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Lakeville
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Lakeville, MN Local Guide
- Lakeville Neighborhoods
- Nearby Cities
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- Local Counties
Cheapest Neighborhoods for Apartments in Lakeville, MN
Pricing Updated: 09/09/2026Current apartment rentals in the Lakeville, MN area range in price from $907 to $10,489 with an overall median price of $1,934. The three Lakeville neighborhoods with the lowest median rent pricing are Dakota Far Southwest Suburbs at $1,855, Oak Shores at $1,903, and Wood Hill at $1,910. 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 |
|---|---|---|---|
| Dakota Far Southwest Suburbs | $1,855 | $907 | 591 |
| Oak Shores | $1,903 | $907 | 101 |
| Wood Hill | $1,910 | $1,077 | 60 |
| Donnelly Farm | $1,913 | $1,299 | 61 |
| Foxborough | $1,950 | $1,149 | 182 |
| Crossroads | $2,009 | $1,149 | 158 |
| Prairie Lake | $2,303 | $1,406 | 50 |
| Timbercrest At Lakeville | $2,303 | $1,299 | 54 |
Cheapest Available Lakeville Apartments for Rent
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. Southwind Village in the Oak Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,216. 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 |
| Southwind Village | A1 | 1BR,1BA | $1,216 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1,277 |
| Rosewood Manor | 2 Bedroom | 2BR,1BA | $1,295 |
| The Apex | Minnehaha | 1BR,1BA | $1,354 |
Best Value Apartments for Rent in Lakeville, MN
As of September 09, 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 3 Bed/1 Bath Model at 16075 Joplin Ave starting at $1,700 with a $1.40 price per square foot in the Timbercrest At Lakeville 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 |
| 16075 Joplin Ave | 3 Bed/1 Bath | 3BR,1BA | $1.40 |
| 20660 Holyoke Ave | 20660 Holyoke Ave | 2BR,1BA | $1.10 |
| Wexford Place | C3 - ACC | 2BR,2BA | $1.21 |
| The Legends of Apple Valley 55+ Apartments | Two Bedroom - E | 2BR,1.5BA | $1.51 |
| The Oaks of Lakeville | 2 BD / 1.5 BA | 2BR,1.5BA | $1.40 |
| Applewoods Apartments | 2 Bedroom 2 Bathroom | 2BR,1.5BA | $1.63 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1.63 |
| Rosewood Manor | 2 Bedroom | 2BR,1BA | $1.62 |
| 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 Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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Lakeville, MNPopulation: 65,877
Ranked #566
in US Census Population by City
Best Local Schools in Lakeville, MN
Kennedy Elementary School
Lakeville Public School District
Public School - Grades K-5 (638)
9 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lakeville, MN Rentals by Map
See the most popular apartments and homes in Lakeville, MN
Frequently Asked Questions about Lakeville
What type of rentals are currently available in Lakeville?
There are currently 130 Apartments for Rent in Lakeville, MN with pricing that ranges from $907 to $4,508. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeville ranging from $1,200 to $4,300.
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 $1,200 to $4,300 with an average monthly rent of $2,654.
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 $3,808, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,995. Four Bedroom Single-Family rentals are also available starting from $2,499 and Four Bedroom Apartments start at $2,995.
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
Rent According to Income: A Look at Income-Restricted Rentals
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
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.