7624 157th St W, Unit 102
7624 157th St W
Apple ValleyMN55124
Cheap Homes for Rent in Lakeville, MN from $1,400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lakeville.
9830 Upper 161st St W
LakevilleMN55044
504 Juliet Dr
LakevilleMN55044
15507 Foghorn Ln
Apple ValleyMN55124
14764 Excelsior Ln
Apple ValleyMN55124
15563 Garnet Way
Apple ValleyMN55124
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.
733 Juliet Dr
LakevilleMN55044
15753 Flackwood Ave
Apple ValleyMN55124
16134 Foliage Ave W
RosemountMN55068
801 MacBeth Cir
LakevilleMN55044
18355 Kerrville Trail
LakevilleMN55044
7225 168th St W
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.
Showing Results 1-12, 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 | $2,082 | $1,700 | $2,595 |
| Lakeville 3 Bedroom Homes for Rent | $2,535 | $1,785 | $3,850 |
| Lakeville 4 Bedroom Homes for Rent | $3,128 | $2,050 | $3,990 |
| Lakeville 5 Bedroom Homes for Rent | $3,171 | $2,195 | $3,600 |
| Lakeville 7 Bedroom Homes for Rent | $4,364 | $4,364 | $4,364 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Lakeville, MN Local Guide
- Lakeville Neighborhoods
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Cheapest Neighborhoods for Apartments in Lakeville, MN
Pricing Updated: 07/25/2026Current apartment rentals in the Lakeville, MN area range in price from $831 to $9,700 with an overall median price of $3,963. The three Lakeville neighborhoods with the lowest median rent pricing are Crossroads at $1,185, Donnelly Farm at $1,295, and Wood Hill at $831. 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 |
|---|---|---|---|
| Crossroads | $2,519 | $1,185 | 60 |
| Donnelly Farm | $3,950 | $1,295 | 50 |
| Wood Hill | $3,950 | $831 | 59 |
| Dakota Far Southwest Suburbs | $4,085 | $1,027 | 464 |
| Prairie Lake | $4,092 | $1,406 | 40 |
| Timbercrest At Lakeville | $4,092 | $1,295 | 43 |
| Hypointe Crossing | $4,508 | $1,184 | 123 |
| Oak Shores | $4,508 | $1,137 | 80 |
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 $1,137. The Apex in the Oak Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,141. Here is today’s list of the most affordable Lakeville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Felix | The Selene A | 1BR,1BA | $1,137 |
| The Apex | Minnetonka | 1BR,1BA | $1,141 |
| MAJESTIC COVE | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1,185 |
| The Woods of Burnsville Apartments | Spruce | Studio,1BA | $1,194 |
| The Overlook at Crystal Lake | S2 | Studio,1BA | $1,285 |
Best Value Apartments for Rent in Lakeville, MN
As of July 26, 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 C1 Tamarack Model at The Crossing at Ritter Meadows starting at $2,725 with a $1.71 price per square foot in the Wood Hill 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 |
| The Crossing at Ritter Meadows | C1 Tamarack | 2BR,2.5BA | $1.71 |
| Southwind Village | C1 | 3BR,2BA | $1.54 |
| Rambush Estates | 3 Bed, 2 Bath | 3BR,2BA | $1.55 |
| The Oaks of Lakeville | 2 BD / 1.5 BA | 2BR,1.5BA | $1.38 |
| 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 |
| MAJESTIC COVE | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1.64 |
| The Felix | The Selene A | 1BR,1BA | $1.69 |
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.
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Real 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
School data provided by Great Schools
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Frequently Asked Questions about Lakeville
What type of rentals are currently available in Lakeville?
There are currently 126 Apartments for Rent in Lakeville, MN with pricing that ranges from $1,137 to $4,508. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeville ranging from $1,450 to $4,364.
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 $1,450 to $4,364 with an average monthly rent of $2,788.
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 $1,750 to $3,808, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,785 to $3,850. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $2,704.
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.
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.