4680 Tower St SE, Unit 310
4680 Tower St SE
Prior LakeMN55372
Cheap Homes for Rent in Downtown Prior Lake Neighborhood of Prior Lake, MN from $1,300 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Prior Lake area of Prior Lake.
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.
16520 Tranquility Ct
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.
4175 Quaker Trail NE
Prior LakeMN55372
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Downtown Prior Lake, Prior Lake, MN Local Guide
Sunset Prior Lake by Laura is licensed under CC BY 2.0
How much does it cost to rent a home in Downtown Prior Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Prior Lake 2 Bedroom Homes for Rent | $1,831 | $1,595 | $2,100 |
| Downtown Prior Lake 3 Bedroom Homes for Rent | $2,343 | $2,150 | $2,495 |
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 Downtown Prior Lake Neighborhood of Prior Lake, MN.
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Downtown Prior Lake, Prior Lake, MN Local Guide
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Best Value Apartments for Rent in Downtown Prior Lake, MN
As of October 25, 2025 the best value apartment in the Downtown Prior Lake area is the $1.53 price per square foot 3 Bed/ 2 Bath Model F Model at Courtwood Village I in the in the Downtown Prior Lake neighborhood starting from $1,799. The second greatest value Downtown Prior Lake apartment is the C2 Model at Pike Lake Marsh starting at $1,419 with a $1.38 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 I | 3 Bed/ 2 Bath Model F | 3BR,2BA | $1.53 |
| Pike Lake Marsh | C2 | 2BR,2BA | $1.38 |
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.42 |
| The Village at Five Hawks | 2BR/1.0BA | 2BR,1BA | $1.71 |
| Courtwood Village 2 | 1 Bed/1 Bath | 1BR,1BA | $1.80 |
| Creekside Commons Apartments | 1BR/1.0BA | 1BR,1BA | $1.74 |
| The Grainwood Senior Apartments | One Bedroom - A | 1BR,1BA | $1.93 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $2.34 |
| Lake Ridge Apartments | 0 Bed | 1 Bath (Studio) | Studio ,1BA | $2.50 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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 Downtown Prior Lake
What type of rentals are currently available in Downtown Prior Lake?
There are currently 33 Apartments for Rent in Downtown Prior Lake, MN with pricing that ranges from $1,325 to $2,455. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Prior Lake ranging from $1,395 to $2,495.
What is the current price range for Rental Homes in Downtown Prior Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Prior Lake ranges from $1,395 to $2,495 with an average monthly rent of $1,953.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.