Search the lowest-cost Apartments available for rent right now in the Prairie Lake area of Lakeville.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prairie Lake Studio Apartments | $1,507 | $1,350 | $1,593 |
| Prairie Lake 1 Bedroom Apartments | $1,645 | $1,440 | $1,925 |
| Prairie Lake 2 Bedroom Apartments | $1,866 | $1,599 | $2,250 |
| Prairie Lake 3 Bedroom Apartments | $2,259 | $2,150 | $2,698 |
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 LakevilleThe cheapest available apartment rental in the Prairie Lake area of Lakeville, MN is a Studio unit found at Arris Lakeville priced from $1,425. SouthFork Townhomes + Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,440. Here are the most affordable Prairie Lake apartments for rent in Lakeville, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arris Lakeville | Pine | Studio,1BA | $1,425 |
| SouthFork Townhomes + Flats | A1R | 1BR,1BA | $1,440 |
| Lakeside Flats | Amber - Alcove | Studio,1BA | $1,447 |
As of November 15, 2025 the best value apartment in the Prairie Lake area is the $1.61 price per square foot Willow A Model at Lakeville Woods in the in the Donnelly Farm neighborhood starting from $1,701. The second greatest value Prairie Lake apartment is the Two Bedroom Flat Model at Lakeville Court starting at $1,599 with a $1.78 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. |
|---|---|---|---|
| Lakeville Woods | Willow A | 1BR,1BA | $1.61 |
| Lakeville Court | Two Bedroom Flat | 2BR,1BA | $1.78 |
| Spero Senior Living | Pepin | 1BR,1.5BA | $2.00 |
| SouthFork Townhomes + Flats | A1R | 1BR,1BA | $1.86 |
| Northlake Lofts | Whitefish | 1BR,1BA | $2.40 |
| Lakeside Flats | Amber - Alcove | Studio ,1BA | $2.46 |
| Arris Lakeville | Pine | Studio ,1BA | $2.48 |
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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Write a ReviewAmong cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Almost all errands require a car
Some bike infrastructure
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prairie Lake is under $1,701.
The cheapest apartment in Prairie Lake is SouthFork Townhomes + Flats which is listed at $1,440, while the average apartment in Prairie Lake costs $2,177.
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.
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: 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!
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
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