5139 160th St SE
Prior LakeMN55372
Cheap Homes for Rent in Prior Lake, MN from $895 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Prior Lake.
9830 Upper 161st St W
LakevilleMN55044
16505 Timber Crest Dr SE
Prior LakeMN55372
16477 Timber Crest Dr SE
Prior LakeMN55372
7458 Derby Ln
ShakopeeMN55379
12585 Gavotte Ave
St. PaulMN55124
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.
7255 126th St W
St. PaulMN55124
12710 Granger Ct
St. PaulMN55124
14534 Lockslie Trail
SavageMN55378
4024 Blakewood Dr
ShakopeeMN55379
18340 Kerrville Trail
LakevilleMN55044
1269 Taylor St
ShakopeeMN55379
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.
14124 Alabama Ave S
SavageMN55378
4163 Cj Cir SE
Prior LakeMN55372
316 Shawnee Trail
ShakopeeMN55379
2015 Brittany Ct
ShakopeeMN55379
10435 Decatur Cir
MinneapolisMN55438
1035 Bluff Ave E
ShakopeeMN55379
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.
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Prior Lake, MN Local Guide
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 | $1,999 | $1,700 | $2,450 |
| Prior Lake 3 Bedroom Homes for Rent | $2,526 | $1,850 | $3,795 |
| Prior Lake 4 Bedroom Homes for Rent | $2,981 | $2,195 | $3,899 |
| Prior Lake 5 Bedroom Homes for Rent | $2,997 | $895 | $3,795 |
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 Studio unit found at Parkwood Apartments in the Downtown Prior Lake neighborhood priced from $1,065. Springs at Egan Drive in the Riverside Fields neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,370. Here is today’s list of the most affordable Prior Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkwood Apartments | 1 and 2 bed | Studio, | $1,065 |
| Springs at Egan Drive | Studio Grand Overlook | Studio,1BA | $1,370 |
| The Grainwood Senior Apartments | Two Bedroom - A | 2BR,1BA | $1,450 |
| The Village at Five Hawks | 2BR/1.0BA | 2BR,1BA | $1,545 |
| Jeffers Waterfront Apartments | The Pier | 1BR,1BA | $1,567 |
Best Value Apartments for Rent in Prior Lake, MN
As of August 24, 2026 the best value apartment in the 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 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 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 |
| The Grainwood Senior Apartments | Two Bedroom - A | 2BR,1BA | $1.63 |
| The Village at Five Hawks | 2BR/1.0BA | 2BR,1BA | $1.77 |
| TRIO @ southbridge | One Bedroom Plus Den - A | 1BR,1BA | $2.40 |
| 16829 Toronto Ave SE | 16829 Toronto Ave SE | 2BR,2BA | $1.92 |
| Elwood Apartment Homes | Nyquist | 1BR,1BA | $2.16 |
| Jeffers Waterfront Apartments | The Pier | 1BR,1BA | $2.20 |
| Springs at Egan Drive | Studio Grand Overlook | Studio ,1BA | $2.20 |
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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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
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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Frequently Asked Questions about Prior Lake
What type of rentals are currently available in Prior Lake?
There are currently 50 Apartments for Rent in Prior Lake, MN with pricing that ranges from $1,065 to $2,770. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prior Lake ranging from $895 to $3,899.
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 $895 to $3,899 with an average monthly rent of $2,581.
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.
Helpful Local Expert Guides
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
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.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
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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.