18355 Kerrville Trail
LakevilleMN55044
Cheap Homes for Rent in the Prairie Lake Neighborhood of Lakeville, MN from $2,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Prairie Lake area of Lakeville.
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.
18265 Kerrville Trail
LakevilleMN55044
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.
18442 Lafayette Way
LakevilleMN55044
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Prairie Lake, Lakeville, MN Local Guide
How much does it cost to rent a home in Prairie Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prairie Lake 2 Bedroom Homes for Rent | $2,197 | $2,099 | $2,295 |
| Prairie Lake 3 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Prairie Lake Neighborhood of Lakeville, MN.
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Best Value Apartments for Rent in Prairie Lake, MN
As of July 22, 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 Prairie Lake
What type of rentals are currently available in Prairie Lake?
There are currently 22 Apartments for Rent in Prairie Lake, MN with pricing that ranges from $1,406 to $4,508. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prairie Lake ranging from $2,099 to $2,800.
What is the current price range for Rental Homes in Prairie Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prairie Lake ranges from $2,099 to $2,800 with an average monthly rent of $2,498.
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.