
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

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Lakeside Flats

Total Monthly Price
SouthFork Townhomes + Flats
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

Marion Crossing

Lakeville Woods

Queen Anne Courts

16005 Joplin Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.

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 | $1,485 | $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 |
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 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 |
Best Value Apartments for Rent in Prairie Lake, MN
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 |
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 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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
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.