Search the lowest-cost Apartments available for rent right now in the Prairie Lake area of Lakeville.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prairie Lake Studio Apartments | $1,580 | $1,413 | $1,668 |
| Prairie Lake 1 Bedroom Apartments | $1,671 | $1,425 | $1,925 |
| Prairie Lake 2 Bedroom Apartments | $1,920 | $1,599 | $2,250 |
| Prairie Lake 3 Bedroom Apartments | $2,222 | $2,120 | $2,765 |
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 Studio unit found at Lakeside Flats priced from $1,467. Northlake Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,513. Here are the most affordable Prairie Lake apartments for rent in Lakeville, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakeside Flats | Amber - Alcove | Studio,1BA | $1,467 |
| Northlake Lofts | Como | Studio,1BA | $1,513 |
| Arris Lakeville | Redwood | 1BR,1BA | $1,575 |
As of January 11, 2026 the best value apartment in the Prairie Lake area is the $1.80 price per square foot C1R Model at SouthFork Townhomes + Flats in the in the Donnelly Farm neighborhood starting from $2,120. The second greatest value Prairie Lake apartment is the Willow A Model at Lakeville Woods starting at $1,711 with a $1.62 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. |
|---|---|---|---|
| SouthFork Townhomes + Flats | C1R | 3BR,1.5BA | $1.80 |
| Lakeville Woods | Willow A | 1BR,1BA | $1.62 |
| Lakeville Court | Two Bedroom Flat | 2BR,1BA | $1.78 |
| Spero Senior Living | Pepin | 1BR,1.5BA | $2.00 |
| Arris Lakeville | Redwood | 1BR,1BA | $2.16 |
| Northlake Lofts | Whitefish | 1BR,1BA | $2.40 |
| Lakeside Flats | Amber - Alcove | Studio ,1BA | $2.49 |
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prairie Lake is under $2,120.
The cheapest apartment in Prairie Lake is Arris Lakeville which is listed at $1,575, while the average apartment in Prairie Lake costs $2,152.
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Prairie Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Prairie Lake have an average cost of $162 which is $1,990 cheaper than the average rent for all rentals in Prairie Lake.
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.
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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