close
View Me
$1,195 - $1,695Studio to 2 Bedroom Apartments Available Aug 1
Creekside Commons Apartments
16535 Tranquility Ct SEPrior Lake, MN 55372
Cheap Apartments for Rent in Prior Lake, MN from $900 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Prior Lake.
16955 Toronto Ave SE, Unit 302
16955 Toronto Ave SE
Prior LakeMN55372
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.
close
View Me
$1,413 - $1,7141 to 2 Bedroom Apartments Available Now
The Grainwood Senior Apartments
5119 Gateway St SEPrior Lake, MN 55372
close
View Me
close
View Me
Rent Specials
$1,448 - $1,6732 to 3 Bedroom Apartments Available Now
Kestrel Village Apartments
16650 Brunswick AvePrior Lake, MN 55372
16955 Toronto Ave SE, Unit 16955 Toronto Av SE 308
16955 Toronto Ave SE
Prior LakeMN55372
close
View Me
Rent Specials
$1,475 - $2,3801 to 2 Bedroom Apartments Available Now
Jeffers Waterfront Apartments
3800 Jeffers Pky NWPrior Lake, MN 55372
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
close
View Me
close
View Me
close
View Me
close
View Me
$1,330 - $3,377Studio to 3 Bedroom Apartments Available Now
Elwood Apartment Homes
1610 Emblem WayShakopee, MN 55379
close
View Me
Rent Specials
$1,395 - $2,560Studio to 3 Bedroom Apartments Available Now
Reside
13958 Edgewood AveSavage, MN 55378
close
View Me
close
View Me
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
close
View Me
10906 Quebec Ave S
MinneapolisMN55438
12968 Nicollet Ave
BurnsvilleMN55337
Showing Results 1-17, 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 | $1,452 | $1,195 | $1,787 |
| Prior Lake 1 Bedroom Apartments | $1,627 | $1,413 | $2,201 |
| Prior Lake 2 Bedroom Apartments | $2,098 | $1,440 | $2,788 |
| Prior Lake 3 Bedroom Apartments | $2,457 | $1,673 | $3,377 |
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 Studio unit found at Springs at Egan Drive in the Riverside Fields neighborhood priced from $1,325. Reside in the Riverside Fields neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,395. Here is today’s list of the most affordable Prior Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Springs at Egan Drive | Studio Grand Overlook | Studio,1BA | $1,325 |
| Reside | Lark (0-0) | Studio,1BA | $1,395 |
| The Grainwood Senior Apartments | One Bedroom - L | 1BR,1BA | $1,413 |
| Brooksville | 2 Beds, 2 baths | 2BR,2BA | $1,440 |
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1,448 |
Best Value Apartments for Rent in Prior Lake, MN
As of July 25, 2025 the best value apartment in the Prior Lake area is the $1.58 price per square foot 2 bed 1 bath Model at Kestrel Village Apartments in the in the Downtown Prior Lake neighborhood starting from $1,448. The second greatest value Prior Lake apartment is the Nyquist Model at Elwood Apartment Homes starting at $1,577 with a $2.14 price per square foot in the Spring Lake Estates 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. |
|---|---|---|---|
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.58 |
| Elwood Apartment Homes | Nyquist | 1BR,1BA | $2.14 |
| TRIO @ southbridge | One Bedroom - A | 1BR,1BA | $1.89 |
| Lake Ridge Apartments | 1 Bed | 1 Bath (B) | 1BR,1BA | $2.22 |
| The Grainwood Senior Apartments | One Bedroom - E | 1BR,1BA | $1.95 |
| Brooksville | 2 Beds, 2 baths | 2BR,2BA | $2.06 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $2.27 |
| Reside | Lark (0-0) | Studio ,1BA | $2.41 |
| Springs at Egan Drive | Studio Grand Courtyard | Studio ,1BA | $2.68 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Prior Lake area?
If you’re an expert on all things Prior Lake, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prior Lake, MN Rentals by Map
See the most popular apartments and homes in Prior Lake, MN
Getting Around Prior Lake, MN
Walk Score®
27 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 TRIO @ southbridge.
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 $1,440 at Brooksville.
What is the most affordable Prior Lake Three Bedroom Apartment?
The best deal on a cheap Prior Lake Three Bedroom Apartment rental is at Elwood Apartment Homes and starts from $2,520.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.