Cheap Apartments for Rent in the Spring Lake Neighborhood of Prior Lake, MN from $900 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Spring Lake area of Prior Lake.

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The Grainwood Senior Apartments
Rent Specials
$1,395 - $1,972
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,395 - $1,972

Total Monthly Price
$1,395 - $1,972
1 to 3 Bedroom Apartments Available Now

The Grainwood Senior Apartments

5119 Gateway St SEPrior Lake, MN 55372
Senior Living
  • Verified
  • Customer Reviewed
  • Utilities Included
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Creekside Commons Apartments
$1,524 - $1,749
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,425 - $1,650
Required Monthly Fees
$99

Total Monthly Price
$1,524 - $1,749
1 to 2 Bedroom Apartments Available Now

Creekside Commons Apartments

16535 Tranquility Ct SEPrior Lake, MN 55372
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Crystal Bay
Studio Apartments

Crystal Bay

3611 Crystal Bay Ln NWPrior Lake, MN 55372
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Garden Court
Studio Apartments

Garden Court

4540 Dakota St SEPrior Lake, MN 55372
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Pike Lake Marsh
1 to 3 Bedroom Apartments

Pike Lake Marsh

4489 Marsh Dr NEPrior Lake, MN 55372
  • Utilities Included
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Brooksville
1 to 2 Bedroom Apartments

Brooksville

16829 Toronto Ave SEPrior Lake, MN 55372
  • Utilities Included

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.

Spring Lake, Prior Lake, MN Local Guide

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 ListingModel NameBed/BathPriced From
Kestrel Village Apartments2 bed 1 bath2BR,1BA$1,287
The Grainwood Senior ApartmentsOne Bedroom - E1BR,1BA$1,395
Pike Lake MarshC2 Type B2BR,2BA$1,419
Jeffers Waterfront ApartmentsThe Cabin1BR,1BA$1,555
Courtwood Village 22 Bed/1 Bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Kestrel Village Apartments3 bed 2 bath3BR,2BA$1.47
Pike Lake MarshC2 Type B2BR,2BA$1.34
Creekside Commons Apartments2BR/1.0BA2BR,1BA$1.67
Courtwood Village 22 Bed/1 Bath2BR,1BA$1.73
The Grainwood Senior ApartmentsOne Bedroom - E1BR,1BA$1.92
Jeffers Waterfront ApartmentsThe Cabin1BR,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.

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Real 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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Quick 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.

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Pet Friendly Lifestyle
Spring Lake, Prior Lake, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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