5139 160th St SE
Prior LakeMN55372
Cheap Apartments for Rent in the Downtown Prior Lake Neighborhood of Prior Lake, MN from $916 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Prior Lake area of Prior Lake.
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Rent Specials
$1,065 - $1,160
Plus Fees
Studio Apartments Available NowParkwood Apartments
5160-5200 160th St SEPrior Lake, MN 55372
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$1,287 - $1,775
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available Oct 23Kestrel Village Apartments
16650 Brunswick AvePrior Lake, MN 55372
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$1,294
Total Monthly Price12 Month Lease Term
Studio Apartments Available Sep 11Total Monthly Price
Base Rent
$1,195
Required Monthly Fees
$99
Total Monthly Price
$1,294
Creekside Commons Apartments
16535 Tranquility Ct SEPrior Lake, MN 55372
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$1,395
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityHearthwood Apartments
16516 Franklin Trl SEPrior Lake, MN 55372
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.
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$1,413 - $1,972
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,413 - $1,972
Total Monthly Price
$1,413 - $1,972
The Grainwood Senior Apartments
5119 Gateway St SEPrior Lake, MN 55372
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$1,475 - $2,262
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,475 - $2,262
Total Monthly Price
Varies
Jeffers Waterfront Apartments
3800 Jeffers Pky NWPrior Lake, MN 55372
16724 Brunswick Ave SE
Prior LakeMN55372
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$1,545 - $1,950
Plus Fees
2 to 3 Bedroom Apartments Available NowThe Village at Five Hawks
16611-16635 Five Hawks Ave SEPrior Lake, MN 55372
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$1,599 - $1,629
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCourtwood Village I
17092 Adelmann St SEPrior Lake, MN 55372
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.
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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
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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Studio to 2 Bedroom Apartments
Lake Ridge Apartments
13854 McKenna Rd NWPrior Lake, MN 55379
16505 Timber Crest Dr SE
Prior LakeMN55372
Showing Results 1-17, Page 1 of 1
Downtown Prior Lake, Prior Lake, MN Local Guide
How much does it cost to rent an apartment in Downtown Prior Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Prior Lake Studio Apartments | $1,203 | $1,065 | $1,294 |
| Downtown Prior Lake 1 Bedroom Apartments | $1,627 | $1,395 | $1,944 |
| Downtown Prior Lake 2 Bedroom Apartments | $1,629 | $1,495 | $2,262 |
| Downtown Prior Lake 3 Bedroom Apartments | $1,825 | $1,751 | $1,950 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Downtown Prior Lake Neighborhood of Prior Lake, MN.
See all Apartments in Prior LakeExplore Prior Lake
Downtown Prior Lake, Prior Lake, MN Local Guide
- Nearby Prior Lake neighborhoods
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Cheapest Available Downtown Prior Lake Apartments for Rent
The cheapest available apartment rental in the Downtown Prior Lake area of Minneapolis, MN is a Studio unit found at Parkwood Apartments priced from $1,065. The Grainwood Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,413. Here are the most affordable Downtown Prior Lake apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkwood Apartments | 1 and 2 bed | Studio, | $1,065 |
| The Grainwood Senior Apartments | One Bedroom - J | 1BR,1BA | $1,413 |
| The Village at Five Hawks | 2BR/1.0BA | 2BR,1BA | $1,545 |
| Courtwood Village I | 2 Bed/1 Bath Model B | 2BR,1BA | $1,599 |
| Jeffers Waterfront Apartments | The Pier | 1BR,1BA | $1,599 |
Best Value Apartments for Rent in Downtown Prior Lake, MN
As of September 01, 2026 the best value apartment in the Downtown Prior Lake area is the $1.74 price per square foot 2 Bed/ 2 Bath Model at Courtwood Village 2 in the in the Downtown Prior Lake neighborhood starting from $1,659. The second greatest value Downtown Prior Lake apartment is the 2 Bed/1 Bath Model B Model at Courtwood Village I starting at $1,599 with a $1.70 price per square foot in the Downtown Prior Lake neighborhood. Here is today’s list of the best values for Downtown Prior Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Courtwood Village 2 | 2 Bed/ 2 Bath | 2BR,2BA | $1.74 |
| Courtwood Village I | 2 Bed/1 Bath Model B | 2BR,1BA | $1.70 |
| Jeffers Waterfront Apartments | The Stern | 1BR,1BA | $2.28 |
| The Grainwood Senior Apartments | One Bedroom - B | 1BR,1BA | $1.84 |
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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Real 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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Pet Friendly LifestyleDowntown Prior Lake, Prior Lake, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Prior Lake Apartments
How much is rent for a Cheap One Bedroom Downtown Prior Lake Apartment?
The lowest price for a Cheap One Bedroom Downtown Prior Lake Apartment is $1,413 at The Grainwood Senior Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Prior Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Prior Lake is starting from $1,550 at The Grainwood Senior Apartments.
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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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.
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Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.