
Cheap Homes for Rent in Lakeville, MN from $1,000 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Lakeville.


5161 148th St W

12655 Garner Way

14248 Hemlock Ct N

14576 Evergreen Trail

925 Hamlet Cir

884 MacBeth Cir

404 Romeo Dr

365 Brutus Dr

18279 Key W Ct

14553 Cobalt Ave

14778 Endicott Way
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 | $2,018 | $1,300 | $3,100 |
Lakeville 3 Bedroom Homes for Rent | $2,338 | $1,875 | $2,895 |
Lakeville 4 Bedroom Homes for Rent | $3,464 | $2,750 | $4,900 |
Lakeville 5 Bedroom Homes for Rent | $3,462 | $2,950 | $3,900 |
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: 09/14/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Pine Grove | $2,120 | $1,165 | 74 |
Prairie Lake | $2,120 | $1,459 | 23 |
Timbercrest At Lakeville | $2,120 | $1,265 | 28 |
Oak Shores | $2,321 | $1,103 | 184 |
Wood Hill | $2,398 | $631 | 46 |
Crossroads | $2,497 | $1,165 | 74 |
Dakota Far Southwest Suburbs | $2,699 | $900 | 590 |
Donnelly Farm | $2,699 | $1,265 | 53 |
Homestead Creek | $2,699 | $1,103 | 109 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Southwind Village | S1 | Studio,1BA | $1,103 |
MAJESTIC COVE | Open living space + spacious master | 1BR,1BA | $1,165 |
The Felix | The Selene A | 1BR,1BA | $1,191 |
Rosewood Manor | 1 Bed, 1 bath | 1BR,1BA | $1,220 |
The Oaks of Lakeville | 1 BD / 1 BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Rambush Estates | 2 Bed, 2 Bath | 2BR,2BA | $1.55 |
16075 Joplin Ave, Unit 2 | 16075 Joplin Ave | 3BR,1BA | $1.55 |
Lakeville Woods | Willow A | 1BR,1BA | $1.63 |
Valley Pond | Maple | 2BR,2BA | $1.62 |
The Legends of Apple Valley | Two Bedroom - B | 2BR,2BA | $1.69 |
Lakeville Pointe Apartments | C1 | 2BR,2BA | $1.45 |
Coventry Court Townhomes | 1 Bedroom plus den | 1BR,1BA | $1.64 |
KINGSTON GREEN | Open concept living with walk-out patio/balcony | 1BR,1BA | $1.53 |
16955 Garcia Way W, Unit 2 | 16955 Garcia Way W | 2BR,1BA | $1.50 |
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.
Pet Friendly LifestyleLakeville, MN
Ranked #145
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Lakeville, MN
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 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.

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.

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.

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.

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.