16955 Toronto Ave SE, Unit 302
16955 Toronto Ave SE
Prior LakeMN55372
Cheap Homes for Rent in Prior Lake, MN from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Prior Lake.
16955 Toronto Ave SE, Unit 16955 Toronto Av SE 308
16955 Toronto Ave SE
Prior LakeMN55372
10906 Quebec Ave S
MinneapolisMN55438
12968 Nicollet Ave
BurnsvilleMN55337
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.
9073 Scarlet Globe Dr
Eden PrairieMN55347
10934 Pennsylvania Ave S
MinneapolisMN55438
13207 Bush Ln
Eden PrairieMN55347
10423 Decatur Cir
BloomingtonMN55438
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
18279 Key W Ct
LakevilleMN55044
Showing Results 1-9, 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 | $1,912 | $1,450 | $2,250 |
| Prior Lake 3 Bedroom Homes for Rent | $2,598 | $2,249 | $3,595 |
| Prior Lake 4 Bedroom Homes for Rent | $3,015 | $2,300 | $4,995 |
| Prior Lake 5 Bedroom Homes for Rent | $3,667 | $2,695 | $5,000 |
Browse Top Homes for Rent in Prior Lake
Explore Prior Lake
Prior Lake, MN Local Guide
- Prior Lake Neighborhoods
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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 Springs at Egan Drive in the Riverside Fields neighborhood priced from $1,325. Reside in the Riverside Fields neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,395. Here is today’s list of the most affordable Prior Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Springs at Egan Drive | Studio Grand Overlook | Studio,1BA | $1,325 |
| Reside | Lark (0-0) | Studio,1BA | $1,395 |
| The Grainwood Senior Apartments | One Bedroom - L | 1BR,1BA | $1,413 |
Best Value Apartments for Rent in Prior Lake, MN
As of July 25, 2025 the best value apartment in the Prior Lake area is the $1.58 price per square foot 2 bed 1 bath Model at Kestrel Village Apartments in the in the Downtown Prior Lake neighborhood starting from $1,448. The second greatest value Prior Lake apartment is the Nyquist Model at Elwood Apartment Homes starting at $1,577 with a $2.14 price per square foot in the Spring Lake Estates 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. |
|---|---|---|---|
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.58 |
| Elwood Apartment Homes | Nyquist | 1BR,1BA | $2.14 |
| TRIO @ southbridge | One Bedroom - A | 1BR,1BA | $2.14 |
| Lake Ridge Apartments | 1 Bed | 1 Bath (B) | 1BR,1BA | $2.23 |
| The Grainwood Senior Apartments | One Bedroom - E | 1BR,1BA | $1.95 |
| Brooksville | 2 Beds, 2 baths | 2BR,2BA | $2.06 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $2.27 |
| Reside | Lark (0-0) | Studio ,1BA | $2.41 |
| Springs at Egan Drive | Studio Grand Courtyard | Studio ,1BA | $2.68 |
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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 $1,195 to $3,377. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prior Lake ranging from $1,350 to $5,000.
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 $1,350 to $5,000 with an average monthly rent of $2,522.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.