12655 Garner Way
St. PaulMN55124
Cheap Homes for Rent in Lakeville, MN from $1,500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lakeville.
15537 Foghorn Ln
Apple ValleyMN55124
500 Greenhaven Dr, Unit 203
500 Greenhaven Dr
BurnsvilleMN55306
15695 Gateway Path
Apple ValleyMN55124
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.
15695 Gateway Path
Apple ValleyMN55124
363 Brutus Dr
LakevilleMN55044
14553 Cobalt Ave
RosemountMN55068
18360 Lafayette Way
LakevilleMN55044
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.
Showing Results 1-8, Page 1 of 1
Lakeville, MN Local Guide
Sunset at the lake by Patrick Murphy is licensed under CC BY 2.0
How much does it cost to rent a home in Lakeville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeville 2 Bedroom Homes for Rent | $2,132 | $1,550 | $3,100 |
| Lakeville 3 Bedroom Homes for Rent | $2,407 | $1,895 | $2,920 |
| Lakeville 4 Bedroom Homes for Rent | $3,248 | $2,300 | $4,995 |
| Lakeville 5 Bedroom Homes for Rent | $3,716 | $3,195 | $4,900 |
Browse Top Homes for Rent in Lakeville
Explore Lakeville
Lakeville, MN Local Guide
- Lakeville Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lakeville, MN
Pricing Updated: 07/30/2025Current apartment rentals in the Lakeville, MN area range in price from $631 to $9,381 with an overall median price of $2,263. The three Lakeville neighborhoods with the lowest median rent pricing are Prairie Lake at $1,285, Timbercrest At Lakeville at $1,250, and Oak Shores at $1,130. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Prairie Lake | $2,120 | $1,285 | 27 |
| Timbercrest At Lakeville | $2,120 | $1,250 | 31 |
| Oak Shores | $2,150 | $1,130 | 168 |
| Rolling Oaks South | $2,150 | $1,130 | 159 |
| Pine Grove | $2,210 | $1,165 | 65 |
| Dakota Far Southwest Suburbs | $2,252 | $875 | 547 |
| Chadwick Farm | $2,322 | $1,250 | 20 |
| Donnelly Farm | $2,322 | $1,250 | 54 |
| Crossroads | $2,447 | $1,165 | 43 |
| Wood Hill | $2,545 | $631 | 50 |
Cheapest Available Lakeville Apartments for Rent
The cheapest available apartment rental in Lakeville, MN is a 1 Bed unit found at Rosewood Manor in the Glendalough neighborhood priced from $1,100. Southwind Village in the Oak Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,162. Here is today’s list of the most affordable Lakeville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosewood Manor | 1 Bed, 1 bath | 1BR,1BA | $1,100 |
| Southwind Village | A1 | 1BR,1BA | $1,162 |
| MAJESTIC COVE | Open living space + spacious master | 1BR,1BA | $1,165 |
Best Value Apartments for Rent in Lakeville, MN
As of July 30, 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 Three Bedroom - A Model at The Legends of Apple Valley starting at $1,974 with a $1.47 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. |
|---|---|---|---|
| KINGSTON GREEN | Spacious 3 bedroom & master walk-in closet | 3BR,2BA | $1.27 |
| The Legends of Apple Valley | Three Bedroom - A | 3BR,2BA | $1.47 |
| Rambush Estates | 2 Bed, 2 Bath | 2BR,2BA | $1.55 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.60 |
| The Apex | Waconia | 2BR,2BA | $1.51 |
| Applewoods Apartments | 2 Bedroom 1 Bathrom | 2BR,1BA | $1.55 |
| The Oaks of Lakeville | 1 BD / 1 BA | 1BR,1BA | $1.60 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1.58 |
| Southwind Village | A1 | 1BR,1BA | $1.60 |
| MAJESTIC COVE | Open living space + spacious master | 1BR,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.
Let everyone know!
Do you know the Lakeville area?
If you’re an expert on all things Lakeville, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Lakeville
What type of rentals are currently available in Lakeville?
There are currently 119 Apartments for Rent in Lakeville, MN with pricing that ranges from $1,000 to $5,140. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeville ranging from $1,550 to $4,995.
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 $1,550 to $4,995 with an average monthly rent of $2,875.
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.
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.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.