
Cheap Apartments for Rent in the Prairie Lake Neighborhood of Lakeville, MN from $1,406 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prairie Lake area of Lakeville.


Total Monthly Price
Arris Lakeville

Total Monthly Price
Lakeside Flats

Total Monthly Price
SouthFork Townhomes Flats
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.

Marion Crossing

Total Monthly Price
Lakeville Woods

Queen Anne Courts

16005 Joplin Ave
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.

Lakeville Pointe Apartments
Prairie Lake, Lakeville, MN Local Guide

How much does it cost to rent an apartment in Prairie Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prairie Lake Studio Apartments | $1,560 | $1,406 | $1,698 |
| Prairie Lake 1 Bedroom Apartments | $1,778 | $1,473 | $1,903 |
| Prairie Lake 2 Bedroom Apartments | $2,272 | $1,599 | $2,850 |
| Prairie Lake 3 Bedroom Apartments | $3,008 | $1,700 | $3,808 |
| Prairie Lake 4 Bedroom Apartments | $4,125 | $3,758 | $4,508 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Prairie Lake Neighborhood of Lakeville, MN.
See all Apartments in LakevilleExplore Lakeville
Prairie Lake, Lakeville, MN Local Guide
- Nearby Lakeville neighborhoods
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Cheapest Available Prairie Lake Apartments for Rent
 The cheapest available apartment rental in the Prairie Lake area of Lakeville, MN is a Studio unit found at Arris Lakeville priced from $1,406. Lakeville Woods has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,476. Here are the most affordable Prairie Lake apartments for rent in Lakeville, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arris Lakeville | Oak | Studio,1BA | $1,406 |
| Lakeville Woods | Birch B | 1BR,1BA | $1,476 |
| Northlake Lofts | Swan | Studio,1BA | $1,553 |
Best Value Apartments for Rent in Prairie Lake, MN
As of September 09, 2026 the best value apartment in the Prairie Lake 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 Prairie Lake 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 Prairie Lake 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 |
| 16075 Joplin Ave | 3 Bed/1 Bath | 3BR,1BA | $1.40 |
| SouthFork Townhomes Flats | C1R | 3BR,1.5BA | $1.98 |
| Marion Crossing | Two Bedroom Flat | 2BR,1BA | $1.78 |
| Lakeville Woods | Birch B | 1BR,1BA | $1.74 |
| Lakeside Flats | Emerald | 1BR,1BA | $2.30 |
| Northlake Lofts | Swan | Studio ,1BA | $2.33 |
| Arris Lakeville | Oak | Studio ,1BA | $2.72 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal 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.
Pet Friendly LifestylePrairie Lake, Lakeville, MN
Ranked #5
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Prairie Lake Apartments
What is the Cheapest Studio apartment in Prairie Lake?
Currently the most affordable Cheap Studio Apartment in Prairie Lake is at Arris Lakeville listed at $1,406.
How much is rent for a Cheap One Bedroom Prairie Lake Apartment?
The lowest price for a Cheap One Bedroom Prairie Lake Apartment is $1,473 at Arris Lakeville.
What is the lowest price for a Cheap Two Bedroom Prairie Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prairie Lake is starting from $1,599 at Marion Crossing.
What is the most affordable Prairie Lake Three Bedroom Apartment?
The best deal on a cheap Prairie Lake Three Bedroom Apartment rental is at 16075 Joplin Ave and starts from $1,700.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.