
Cheap Apartments for Rent in the Spring Lake Neighborhood of Prior Lake, MN from $900 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Spring Lake area of Prior Lake.


Total Monthly Price
The Grainwood Senior Apartments

The Village at Five Hawks

Courtwood Village I

Hearthwood Apartments

Total Monthly Price
Creekside Commons Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Kestrel Village Apartments

16615 Five Hawks Ave SE

Crystal Bay

Garden Court

Pike Lake Marsh

Brooksville
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Spring Lake, Prior Lake, MN Local Guide

How much does it cost to rent an apartment in Spring Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spring Lake 1 Bedroom Apartments | $1,615 | $1,395 | $2,025 |
| Spring Lake 2 Bedroom Apartments | $1,631 | $1,395 | $1,749 |
| Spring Lake 3 Bedroom Apartments | $1,851 | $1,650 | $2,095 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 3 mile radius of the Spring Lake Neighborhood of Prior Lake, MN.
See all Apartments in Prior LakeExplore Prior Lake
Spring Lake, Prior Lake, MN Local Guide
- Nearby Prior Lake neighborhoods
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Cheapest Available Spring Lake Apartments for Rent
 The cheapest available apartment rental in the Spring Lake area of Minneapolis, MN is a 2 Beds unit found at Kestrel Village Apartments priced from $1,287. The Grainwood Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here are the most affordable Spring Lake apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1,287 |
| The Grainwood Senior Apartments | One Bedroom - E | 1BR,1BA | $1,395 |
| Pike Lake Marsh | C2 Type B | 2BR,2BA | $1,419 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $1,555 |
| Courtwood Village 2 | 2 Bed/1 Bath | 2BR,1BA | $1,629 |
Best Value Apartments for Rent in Spring Lake, MN
As of June 15, 2026 the best value apartment in the Spring Lake area is the $1.47 price per square foot 3 bed 2 bath Model at Kestrel Village Apartments in the in the Downtown Prior Lake neighborhood starting from $1,650. The second greatest value Spring Lake apartment is the C2 Type B Model at Pike Lake Marsh starting at $1,419 with a $1.34 price per square foot in the Downtown Prior Lake neighborhood. Here is today’s list of the best values for Spring Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kestrel Village Apartments | 3 bed 2 bath | 3BR,2BA | $1.47 |
| Pike Lake Marsh | C2 Type B | 2BR,2BA | $1.34 |
| Creekside Commons Apartments | 2BR/1.0BA | 2BR,1BA | $1.67 |
| Courtwood Village 2 | 2 Bed/1 Bath | 2BR,1BA | $1.73 |
| The Grainwood Senior Apartments | One Bedroom - E | 1BR,1BA | $1.92 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $2.39 |
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 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.
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.
Pet Friendly LifestyleSpring Lake, Prior Lake, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Spring Lake Apartments
How much is rent for a Cheap One Bedroom Spring Lake Apartment?
The lowest price for a Cheap One Bedroom Spring Lake Apartment is $1,395 at The Grainwood Senior Apartments.
What is the lowest price for a Cheap Two Bedroom Spring Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Spring Lake is starting from $1,287 at Kestrel Village Apartments.
What is the most affordable Spring Lake Three Bedroom Apartment?
The best deal on a cheap Spring Lake Three Bedroom Apartment rental is at Kestrel Village Apartments and starts from $1,650.
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.
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.