7925 166th St W
LakevilleMN55044
Cheap Homes for Rent in Lakeville, MN from $1,500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Lakeville.
6617 162nd Ct, Unit 6617
6617 162nd Ct
RosemountMN55068
16045 Joplin Ave, Unit 2
16045 Joplin Ave
LakevilleMN55044
14248 Hemlock Ct N
Apple ValleyMN55124
9830 Upper 161st St W
LakevilleMN55044
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
504 Juliet Dr
LakevilleMN55044
5178 148th St W
Apple ValleyMN55124
15531 Flyboat Ln
Apple ValleyMN55124
14764 Excelsior Ln
Apple ValleyMN55124
15602 Eagles Nest Way
Apple ValleyMN55124
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
365 Brutus Dr
LakevilleMN55044
801 MacBeth Cir
LakevilleMN55044
16106 Joplin Way
LakevilleMN55044
7990 210th St W
LakevilleMN55044
824 MacBeth Cir
LakevilleMN55044
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Showing Results 1-15, 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 | $2,259 | $1,500 | $3,350 |
| Lakeville 3 Bedroom Homes for Rent | $2,367 | $1,695 | $2,800 |
| Lakeville 4 Bedroom Homes for Rent | $3,293 | $2,800 | $3,990 |
| Lakeville 5 Bedroom Homes for Rent | $3,096 | $2,195 | $4,000 |
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
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: 06/10/2026Current apartment rentals in the Lakeville, MN area range in price from $1,299 to $4,000 with an overall median price of $2,648. The three Lakeville neighborhoods with the lowest median rent pricing are Oak Shores at $1,695, Prairie Lake at $2,195, and Foxborough at $1,500. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Oak Shores | $1,895 | $1,695 | 3 |
| Prairie Lake | $2,235 | $2,195 | 1 |
| Foxborough | $2,350 | $1,500 | 1 |
| Crossroads | $2,700 | $2,500 | 1 |
| Wood Hill | $2,900 | $1,320 | 11 |
| Dakota Far Southwest Suburbs | $3,011 | $1,299 | 58 |
| Donnelly Farm | $3,445 | $1,500 | 14 |
Cheapest Available Lakeville Apartments for Rent
The cheapest available apartment rental in Lakeville, MN is a 1 Bed unit found at Southwind Village in the Oak Shores neighborhood priced from $1,139. The Felix in the Heart of the City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here is today’s list of the most affordable Lakeville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southwind Village | A1 | 1BR,1BA | $1,139 |
| The Felix | The Ellicott B | 1BR,1BA | $1,175 |
| Majestic Cove | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1,185 |
| The Woods of Burnsville Apartments | Sycamore | 1BR,1BA | $1,212 |
| Authentix Lakeville | Studio Horizon Overlook | Studio,1BA | $1,326 |
Best Value Apartments for Rent in Lakeville, MN
As of June 10, 2026 the best value apartment in the Lakeville area is the $1.69 price per square foot D1 Glenwood Model at The Crossing at Ritter Meadows in the in the Wood Hill neighborhood starting from $3,325. The second greatest value Lakeville apartment is the Three Bedroom - B Model at The Legends of Apple Valley 55+ Apartments starting at $1,955 with a $1.45 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. |
|---|---|---|---|
| The Crossing at Ritter Meadows | D1 Glenwood | 3BR,2.5BA | $1.69 |
| The Legends of Apple Valley 55+ Apartments | Three Bedroom - B | 3BR,2BA | $1.45 |
| Rambush Estates | 3 Bed, 2 Bath | 3BR,2BA | $1.55 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.59 |
| Timber Ridge Townhomes | Two Bedroom | 2BR,1BA | $1.63 |
| Coventry Court Townhomes | 2 BD, 2 BA | 2BR,2BA | $1.66 |
| The Kingston Green | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1.55 |
| The Felix | The Ellicott B | 1BR,1BA | $1.61 |
| Southwind Village | A1 | 1BR,1BA | $1.57 |
| 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
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.
Read ArticleQuick 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
Lakeville, MNPopulation: 65,877
Ranked #566
in US Census Population by City
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 126 Apartments for Rent in Lakeville, MN with pricing that ranges from $1,005 to $4,434. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeville ranging from $1,500 to $4,000.
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 $1,500 to $4,000 with an average monthly rent of $2,533.
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 $3,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $2,800. Four Bedroom Single-Family rentals are also available starting from $2,800 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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.