12968 Nicollet Ave
BurnsvilleMN55337
Cheap Homes for Rent in Prior Lake, MN from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Prior Lake.
4680 Tower St SE, Unit 310
4680 Tower St SE
Prior LakeMN55372
4009 Heritage Hills Dr
BloomingtonMN55437
16520 Tranquility Ct
Prior LakeMN55372
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.
2248 Affirmed Dr
ShakopeeMN55379
9064 Scarlet Globe Dr
Eden PrairieMN55347
4175 Quaker Trail NE
Prior LakeMN55372
10943 Sumter Ave S
MinneapolisMN55438
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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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 Prior Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prior Lake 2 Bedroom Homes for Rent | $1,871 | $1,375 | $2,400 |
| Prior Lake 3 Bedroom Homes for Rent | $2,335 | $1,895 | $2,900 |
| Prior Lake 4 Bedroom Homes for Rent | $2,896 | $2,395 | $4,700 |
| Prior Lake 5 Bedroom Homes for Rent | $4,515 | $2,850 | $7,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Prior Lake, MN Local Guide
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Cheapest Available Prior Lake Apartments for Rent
The cheapest available apartment rental in Prior Lake, MN is a 2 Beds unit found at Kestrel Village Apartments in the Downtown Prior Lake neighborhood priced from $1,299. Creekside Commons Apartments in the Downtown Prior Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. Here is today’s list of the most affordable Prior Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1,299 |
| Creekside Commons Apartments | 1BR/1.0BA | 1BR,1BA | $1,325 |
| Lake Ridge Apartments | 1 Bed | 1 Bath (B) | 1BR,1BA | $1,356 |
Best Value Apartments for Rent in Prior Lake, MN
As of October 31, 2025 the best value apartment in the 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 Prior Lake apartment is the 2 BR Designer Courtyard Garage Model at Springs at Egan Drive starting at $1,940 with a $1.83 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. |
|---|---|---|---|
| Courtwood Village I | 3 Bed/ 2 Bath Model F | 3BR,2BA | $1.53 |
| Springs at Egan Drive | 2 BR Designer Courtyard Garage | 2BR,2BA | $1.83 |
| Pike Lake Marsh | C2 Type B | 2BR,2BA | $1.34 |
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.42 |
| The Village at Five Hawks | 2BR/1.0BA | 2BR,1BA | $1.71 |
| TRIO @ southbridge | One Bedroom Plus Den - A | 1BR,1BA | $1.93 |
| Courtwood Village 2 | 1 Bed/1 Bath | 1BR,1BA | $1.80 |
| Creekside Commons Apartments | 1BR/1.0BA | 1BR,1BA | $1.74 |
| Elwood Apartment Homes | Nyquist | 1BR,1BA | $2.14 |
| The Grainwood Senior Apartments | One Bedroom - A | 1BR,1BA | $1.93 |
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.
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Frequently Asked Questions about Prior Lake
What type of rentals are currently available in Prior Lake?
There are currently 46 Apartments for Rent in Prior Lake, MN with pricing that ranges from $1,325 to $2,599. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prior Lake ranging from $1,375 to $7,200.
What is the current price range for Rental Homes in Prior Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prior Lake ranges from $1,375 to $7,200 with an average monthly rent of $2,660.
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.