321 Swanson Cir
BurnsvilleMN55306
Cheap Homes for Rent in Lakeville, MN from $1,200 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lakeville.
12655 Garner Way
St. PaulMN55124
9830 Upper 161st St W
LakevilleMN55044
15644 Garrett Dr
Apple ValleyMN55124
15539 Float Ln
Apple ValleyMN55124
993 Oriole Dr
Apple ValleyMN55124
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.
14248 Hemlock Ct N
Apple ValleyMN55124
345 Brutus Dr
LakevilleMN55044
15531 Flyboat Ln
Apple ValleyMN55124
20660 Holyoke Ave
LakevilleMN55044
14315 Estates Ave
Apple ValleyMN55124
5178 148th St W
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.
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 | $2,036 | $1,550 | $3,595 |
| Lakeville 3 Bedroom Homes for Rent | $2,613 | $1,850 | $3,550 |
| Lakeville 4 Bedroom Homes for Rent | $3,340 | $2,295 | $3,990 |
| Lakeville 5 Bedroom Homes for Rent | $3,195 | $3,195 | $3,195 |
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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lakeville, MN
Pricing Updated: 04/26/2026Current apartment rentals in the Lakeville, MN area range in price from $831 to $9,271 with an overall median price of $3,433. The three Lakeville neighborhoods with the lowest median rent pricing are Oak Shores at $1,185, Crossroads at $1,185, and Homestead Creek at $1,185. 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 |
|---|---|---|---|
| Oak Shores | $2,216 | $1,185 | 120 |
| Crossroads | $2,750 | $1,185 | 71 |
| Homestead Creek | $2,750 | $1,185 | 104 |
| Dakota Far Southwest Suburbs | $3,950 | $900 | 512 |
| Donnelly Farm | $3,950 | $1,350 | 68 |
| Prairie Lake | $3,950 | $1,428 | 35 |
| Timbercrest At Lakeville | $3,950 | $1,350 | 35 |
| Wood Hill | $3,950 | $831 | 96 |
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. The Woods of Burnsville Apartments in the Heart of the City neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,193. 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 |
| The Woods of Burnsville Apartments | Spruce | Studio,1BA | $1,193 |
| The Felix | The Selene A | 1BR,1BA | $1,210 |
| The Apex | Minnehaha | 1BR,1BA | $1,336 |
| Southwind Village | A1 | 1BR,1BA | $1,341 |
Best Value Apartments for Rent in Lakeville, MN
As of April 26, 2026 the best value apartment in the Lakeville area is the $1.49 price per square foot D3 Stonebrook Model at The Crossing at Ritter Meadows in the in the Wood Hill neighborhood starting from $3,475. The second greatest value Lakeville apartment is the Three Bedroom - A Model at The Legends of Apple Valley 55+ Apartments starting at $1,955 with a $1.46 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 | D3 Stonebrook | 3BR,3BA | $1.49 |
| The Legends of Apple Valley 55+ Apartments | Three Bedroom - A | 3BR,2BA | $1.46 |
| The Edison at Avonlea | LAMARR II (ACC) | 2BR,2BA | $1.78 |
| Hearthstone Apartments and Townhomes | E | 2BR,2BA | $1.68 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.60 |
| Timber Ridge Townhomes | Two Bedroom | 2BR,1BA | $1.63 |
| Marion Crossing | Two Bedroom Flat | 2BR,1BA | $1.78 |
| KINGSTON GREEN | Open concept living with walk-out patio/balcony... | 1BR,1BA | $1.55 |
| Rosewood Manor | 2 Bedroom | 2BR,1BA | $1.75 |
| MAJESTIC COVE | 1 Bedroom 1 Bath Waitlist Application | 1BR,1BA | $1.64 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
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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 122 Apartments for Rent in Lakeville, MN with pricing that ranges from $1,185 to $4,100. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeville ranging from $1,200 to $3,990.
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 $3,990 with an average monthly rent of $2,476.
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 $3,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,550. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $2,750.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.