Search the lowest-cost Apartments available for rent right now in the Prairie Lake area of Lakeville.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prairie Lake Studio Apartments | $1,485 | $1,441 | $1,573 |
| Prairie Lake 1 Bedroom Apartments | $1,641 | $1,473 | $1,834 |
| Prairie Lake 2 Bedroom Apartments | $2,380 | $1,599 | $3,000 |
| Prairie Lake 3 Bedroom Apartments | $3,228 | $2,204 | $3,750 |
| Prairie Lake 4 Bedroom Apartments | $4,180 | $4,150 | $4,300 |
There are currently 9 rentals with your search options within a 2 mile radius of the Prairie Lake Neighborhood of Lakeville, MN.
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Write a ReviewThe cheapest available apartment rental in the Prairie Lake area of Lakeville, MN is a 1 Bed unit found at Arris Lakeville priced from $1,473. Northlake Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,493. Here are the most affordable Prairie Lake apartments for rent in Lakeville, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arris Lakeville | Pine | 1BR,1BA | $1,473 |
| Northlake Lofts | Swan | Studio,1BA | $1,493 |
| Lakeside Flats | Emerald | 1BR,1BA | $1,593 |
As of June 06, 2026 the best value apartment in the Prairie Lake 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 Prairie Lake apartment is the C1R Model at SouthFork Townhomes + Flats starting at $2,271 with a $1.93 price per square foot in the Donnelly Farm neighborhood. Here is today’s list of the best values for Prairie Lake 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 |
| SouthFork Townhomes + Flats | C1R | 3BR,1.5BA | $1.93 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.59 |
| Marion Crossing | Two Bedroom Flat | 2BR,1BA | $1.78 |
| Spero Senior Living | Pepin | 1BR,1.5BA | $2.03 |
| Lakeside Flats | Emerald | 1BR,1BA | $2.27 |
| Northlake Lofts | Swan | Studio ,1BA | $2.24 |
| Arris Lakeville | Pine | 1BR,1BA | $2.56 |
The lowest price for a Cheap One Bedroom Prairie Lake Apartment is $1,473 at Arris Lakeville.
The best deal on a cheap Prairie Lake Three Bedroom Apartment rental is at Marion Crossing and starts from $2,200.
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.
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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