10906 Quebec Ave S
MinneapolisMN55438
Cheap Homes for Rent in Prior Lake, MN from $1,400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Prior Lake.
4175 Quaker Trail NE
Prior LakeMN55372
128 2nd Ave W
ShakopeeMN55379
16331 Timber Crest Dr SE
Prior LakeMN55372
3315 Skyview Dr
BurnsvilleMN55337
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.
13156 Spencer Sweet Pea Ln
Eden PrairieMN55347
608 Roundhouse St
ShakopeeMN55379
611 E Burnsville Pkwy
BurnsvilleMN55337
1033 Bluff Ave E
ShakopeeMN55379
5420 Fawn Meadow Curv SE, Unit 5420
5420 Fawn Meadow Curv 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.
Showing Results 1-10, 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 a home in Prior Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prior Lake 2 Bedroom Homes for Rent | $2,098 | $1,675 | $2,725 |
| Prior Lake 3 Bedroom Homes for Rent | $2,656 | $1,695 | $3,550 |
| Prior Lake 4 Bedroom Homes for Rent | $2,915 | $2,300 | $3,950 |
| Prior Lake 5 Bedroom Homes for Rent | $3,928 | $3,356 | $4,500 |
| Prior Lake 6 Bedroom Homes for Rent | $7,500 | $7,500 | $7,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Prior Lake
Explore 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 and Nearby
The cheapest available apartment rental in Prior Lake, MN is a 1 Bed unit found at Courtwood Village 2 in the Downtown Prior Lake neighborhood priced from $1,399. Lake Ridge Apartments in the Downtown Prior Lake neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,407. Here is today’s list of the most affordable Prior Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Courtwood Village 2 | 1 Bed/1 Bath | 1BR,1BA | $1,399 |
| Lake Ridge Apartments | 0 Bed | 1 Bath (Studio) | Studio,1BA | $1,407 |
| The Grainwood Senior Apartments | One Bedroom - L | 1BR,1BA | $1,413 |
Best Value Apartments for Rent in Prior Lake, MN and Nearby
As of February 22, 2026 the best value apartment in the Prior Lake area is the $1.53 price per square foot Three Bedroom B Model at Core Crossings Apartments in the in the Riverside Fields neighborhood starting from $1,932. The second greatest value Prior Lake apartment is the Two Bedroom - End Model at TRIO @ southbridge starting at $2,195 with a $1.94 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. |
|---|---|---|---|
| Core Crossings Apartments | Three Bedroom B | 3BR,2BA | $1.53 |
| TRIO @ southbridge | Two Bedroom - End | 2BR,2BA | $1.94 |
| Creekside Commons Apartments | 2BR/1.0BA | 2BR,1BA | $1.50 |
| Springs at Egan Drive | 1 BR Grand Courtyard Garage | 1BR,1BA | $2.25 |
| Courtwood Village 2 | 1 Bed/1 Bath | 1BR,1BA | $1.80 |
| Elwood Apartment Homes | Nyquist | 1BR,1BA | $2.04 |
| The Grainwood Senior Apartments | One Bedroom - A | 1BR,1BA | $1.93 |
| Reside | Wren (1-0) | 1BR,1BA | $2.08 |
| Jeffers Waterfront Apartments | The Galley ADA | 1BR,1BA | $2.30 |
| The Murphy | The Cavallo | 1BR,1BA | $2.30 |
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 Article
The 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleEnjoy 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 ArticleQuick 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
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 $1,345 to $2,565. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prior Lake ranging from $1,495 to $7,500.
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 $1,495 to $7,500 with an average monthly rent of $3,432.
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
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.
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.
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.
Authentic Minneapolis: An Insiders 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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.