
Cheap Apartments for Rent in the Prairie Lake Neighborhood of Lakeville, MN from $1,400 (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 | $1,532 | $1,406 | $1,698 |
| Prairie Lake 1 Bedroom Apartments | $1,712 | $1,473 | $1,903 |
| Prairie Lake 2 Bedroom Apartments | $2,276 | $1,599 | $2,850 |
| Prairie Lake 3 Bedroom Apartments | $3,083 | $1,800 | $3,808 |
| Prairie Lake 4 Bedroom Apartments | $4,213 | $3,935 | $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
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 $1,499. 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 | $1,499 |
| Marion Crossing | Two Bedroom Flat | 2BR,1BA | $1,599 |
Best Value Apartments for Rent in Prairie Lake, MN
As of July 26, 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 Opal Model at Lakeside Flats starting at $3,057 with a $1.82 price per square foot in the Timbercrest At Lakeville 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 |
| Lakeside Flats | Opal | 3BR,3BA | $1.82 |
| The Crossing at Ritter Meadows | C1 Tamarack | 2BR,2.5BA | $1.71 |
| SouthFork Townhomes + Flats | B1R | 2BR,1BA | $1.97 |
| Marion Crossing | Two Bedroom Flat | 2BR,1BA | $1.78 |
| Lakeville Woods | Birch B | 1BR,1BA | $1.76 |
| Spero Senior Living | Pepin | 1BR,1.5BA | $2.03 |
| Arris Lakeville | Oak | Studio ,1BA | $2.72 |
Frequently Asked Questions about Cheap Prairie Lake Apartments
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 Marion Crossing and starts from $2,200.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.