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$1,395
Plus Fees
1 Bedroom Apartments Available Jun 19Hearthwood
16516 Franklin Trl SEPrior Lake, MN 55372
Cheap Apartments for Rent in Prior Lake, MN from $900 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Prior Lake.
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Rent Specials
$1,395 - $1,972
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,395 - $1,972
Total Monthly Price
$1,395 - $1,972
The Grainwood Senior Apartments
5119 Gateway St SEPrior Lake, MN 55372
16704 Brunswick Ave SE
Prior LakeMN55372
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$1,524 - $1,749
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,425 - $1,650
Required Monthly Fees
$99
Total Monthly Price
$1,524 - $1,749
Creekside Commons Apartments
16535 Tranquility Ct SEPrior Lake, MN 55372
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Rent Specials
$1,545 - $2,195
Plus Fees
2 to 3 Bedroom Apartments Available Jun 19Village at Five Hawks
16611-16635 Five Hawks Ave SEPrior Lake, MN 55372
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$1,555 - $2,025
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,480 - $1,950
Required Monthly Fees
$75
Total Monthly Price
$1,555 - $2,025
Jeffers Waterfront Apartments
3800 Jeffers Pky NWPrior Lake, MN 55372
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$1,599
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available Jul 1Courtwood Village Condominiums
17092 Adelmann St SEPrior Lake, MN 55372
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$1,629 - $1,659
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCourtwood Village 2
17088 Adelmann St SEPrior Lake, MN 55372
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.
16650 Brunswick Ave SE
Prior LakeMN55372
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1 to 2 Bedroom Apartments
McKenna Crossing (Senior 65+)
13810 Shepherds Path NWPrior Lake, MN 55379
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1 to 2 Bedroom Apartments
5114 Memorial Trl SE
5114 Memorial Trl SEPrior Lake, MN 55372
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1 to 2 Bedroom Apartments
Brooksville
16829 Toronto Ave SEPrior Lake, MN 55372
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2 to 3 Bedroom Apartments
Kestrel Village Apartments
16650 Brunswick AvePrior Lake, MN 55372
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Studio to 2 Bedroom Apartments
Lake Ridge Apartments
13854 McKenna Rd NWPrior Lake, MN 55379
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1 to 3 Bedroom Apartments
Pike Lake Marsh
4489 Marsh Dr NEPrior Lake, MN 55372
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$1,369 - $2,469
Plus Fees
Studio to 3 Bedroom Apartments Available NowReside
13958 Edgewood AveSavage, MN 55378
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.
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Rent Specials
$1,393 - $2,516
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,299 - $2,422
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Total Monthly Price
Varies
Springs at Egan Drive
14125 Louisiana AveSavage, MN 55378
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Rent Specials
$1,396 - $3,233
Plus Fees
Studio to 3 Bedroom Apartments Available NowElwood Apartment Homes
1610 Emblem WayShakopee, MN 55379
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Rent Specials
$1,499 - $2,770
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTRIO @ southbridge
1331 Crossings BlvdShakopee, MN 55379
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$1,525 - $1,926
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,525 - $1,926
Total Monthly Price
Varies
The Murphy
15425 Dakota AveSavage, MN 55372
412 N Cedar St
ChaskaMN55318
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1 to 3 Bedroom Apartments
Louisiana Lofts
14977 Louisiana AveSavage, MN 55378
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1 to 3 Bedroom Apartments
Sarazin Flats
1575 Sarazin StShakopee, MN 55379
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Studio to 3 Bedroom Apartments
Core Crossings Apartments
1360 Stagecoach RdShakopee, MN 55379
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
8856 Jasmine Ln
Eden PrairieMN55344
13316 Zenith Ln
Eden PrairieMN55346
9830 Upper 161st St W
LakevilleMN55044
3315 Skyview Dr
TylerTX75707
12585 Gavotte Ave
St. PaulMN55124
7255 126th St W
St. PaulMN55124
12710 Granger Ct
St. PaulMN55124
4041 W 125th St
SavageMN55378
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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2 Bedroom Apartments
The Villas of Savage
14205 Alabama Ave SSavage, MN 55378
Showing Results 1-33, Page 1 of 1
Prior Lake, MN Local Guide
Sunset Prior Lake by Laura is licensed under CC BY 2.0
How much does it cost to rent an apartment in Prior Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prior Lake Studio Apartments | $1,414 | $1,369 | $1,453 |
| Prior Lake 1 Bedroom Apartments | $1,639 | $1,395 | $2,025 |
| Prior Lake 2 Bedroom Apartments | $1,919 | $1,395 | $2,250 |
| Prior Lake 3 Bedroom Apartments | $2,249 | $1,650 | $2,770 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Prior Lake
See all Apartments in Prior LakeExplore Prior Lake
Prior Lake, MN Local Guide
- Prior Lake Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Prior Lake Apartments for Rent
The cheapest available apartment rental in Prior Lake, MN is a 1 Bed unit found at The Grainwood Senior Apartments in the Downtown Prior Lake neighborhood priced from $1,395. Elwood Apartment Homes in the Spring Lake Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,396. Here is today’s list of the most affordable Prior Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Grainwood Senior Apartments | One Bedroom - E | 1BR,1BA | $1,395 |
| Elwood Apartment Homes | Arkle | Studio,1BA | $1,396 |
| Lake Ridge Apartments | 0 Bed | 1 Bath (Studio) | Studio,1BA | $1,418 |
| Pike Lake Marsh | C2 Type B | 2BR,2BA | $1,419 |
| Core Crossings Apartments | Three Bedroom A | 3BR,2BA | $1,460 |
| TRIO @ southbridge | One Bedroom - B | 1BR,1BA | $1,499 |
| The Murphy | The Trotter | 1BR,1BA | $1,525 |
| Reside | Wren (1-0) | 1BR,1BA | $1,535 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $1,555 |
| Courtwood Village 2 | 2 Bed/1 Bath | 2BR,1BA | $1,629 |
Best Value Apartments for Rent in Prior Lake, MN
As of June 11, 2026 the best value apartment in the Prior Lake area is the $1.43 price per square foot Three Bedroom B Model at Core Crossings Apartments in the in the Riverside Fields neighborhood starting from $1,804. The second greatest value Prior Lake apartment is the 2 BR Designer Courtyard Garage Model at Springs at Egan Drive starting at $2,204 with a $2.08 price per square foot in the Riverside Fields neighborhood. Here is today’s list of the best values for Prior Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Core Crossings Apartments | Three Bedroom B | 3BR,2BA | $1.43 |
| Springs at Egan Drive | 2 BR Designer Courtyard Garage | 2BR,2BA | $2.08 |
| Pike Lake Marsh | C2 Type B | 2BR,2BA | $1.34 |
| Creekside Commons Apartments | 2BR/1.0BA | 2BR,1BA | $1.67 |
| Courtwood Village 2 | 2 Bed/1 Bath | 2BR,1BA | $1.73 |
| Elwood Apartment Homes | Nyquist | 1BR,1BA | $2.14 |
| TRIO @ southbridge | One Bedroom - A | 1BR,1BA | $2.19 |
| The Grainwood Senior Apartments | One Bedroom - E | 1BR,1BA | $1.92 |
| Reside | Wren (1-0) | 1BR,1BA | $2.14 |
| The Murphy | The Trotter | 1BR,1BA | $2.21 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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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Frequently Asked Questions about Cheap Prior Lake Apartments
How much is rent for a Cheap One Bedroom Prior Lake Apartment?
The lowest price for a Cheap One Bedroom Prior Lake Apartment is $1,395 at The Grainwood Senior Apartments.
What is the lowest price for a Cheap Two Bedroom Prior Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prior Lake is starting from $1,419 at Pike Lake Marsh.
What is the most affordable Prior Lake Three Bedroom Apartment?
The best deal on a cheap Prior Lake Three Bedroom Apartment rental is at Core Crossings Apartments and starts from $1,460.
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.
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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
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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.