Average Rent in Lakeville, MN and Rent Price Trends

Rent trends in Lakeville, MN

Average rent prices in Lakeville have decreased by 7% over the last month and have increased by 3% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Lakeville, MN

Rent prices in Lakeville vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Lakeville is $1,775, whereas a house costs $2,675. 1-bedroom apartments in Lakeville run $1,754 on average, while 2-bedroom apartments are $1,700.


Studio	$1,425	No Change	-
1 bedroom	$1,354	2%	11%
2 bedroom	$1,973	4%	8%
3 bedroom	$2,472	3%	3%
4 bedroom	$3,395	5%	6%

		Listings
Cedar Highlands	$1,975
Crossroads	$1,830
Dakota Heights	$1,754
Foxborough	$2,150
Golden Pond	$1,995
Great Oak Shores	$2,050
Heritage	$1,995
Oak Shores	$1,797
Prairie Lake	$2,500
Timbercrest At Lakeville	$1,835


Apartments	$1,775	1%	No Change
Condos	$1,395	28%	-
Houses	$2,675	3%	No Change

Studio

Average rent

$1,425

Last 30 days

No Change

1 bedroom

Average rent

$1,354

Last 30 days

Last year

11%

2 bedroom

Average rent

$1,973

Last 30 days

Last year

3 bedroom

Average rent

$2,472

Last 30 days

Last year

4 bedroom

Average rent

$3,395

Last 30 days

Last year

The table above reflects average rent prices in Lakeville, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Lakeville, MN compare to other cities?

Compare median rent prices in Lakeville and Chanhassen by all bedroom counts and property types.

Lakeville

Median rent price$2,425

28%

higher than the national median

Median rent price$1,857

lower than the national median

Takeaway

The median rent for all rentals in Lakeville, MN is 31% higher than the median rent in Chanhassen, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,857

$1,915

$1,950

$1,740

$2,195

$1,300

$1,737

$2,300

$1,750

$1,780

$1,650

$2,300

Discover rentals in Lakeville, MN

Now Leasing at Oaks of Lakeville | Comfort, Convenience & Community Await! - Photo 1 of 1

6h ago

7.8

Very good

Now Leasing at Oaks of Lakeville | Comfort, Convenience & Community Await!

20464 Iberia Ave, Lakeville, MN 55044

1–2 beds

1 bath

$1,299–$1,545

20m ago

8.5

Very good

16959 Garcia Way

16959 Garcia Way W, Lakeville, MN 55068

2 beds

1 bath

$1,499

5d+ ago

House for rent in Lakeville

(0629) 7225 168th Street West - 1

7225 168th St W #1, Lakeville, MN 55044

5 beds

2 baths

$2,195

2d ago

8.3

Very good

20367 Kensfield Trail

20367 Kensfield Trl, Lakeville, MN 55044

4 beds

1 bath

$2,499

Price drop

5d+ ago

House for rent in Lakeville

Beautiful 5BR/3.5BA Single Family Home!

16446 Dodd Ln, Lakeville, MN 55044

5 beds

3.5 baths

$3,395

3d ago

8.4

Very good

17916 Enigma Way

17916 Enigma Way, Lakeville, MN 55044

5 beds

3 baths

$3,700

Stay up to date with rental market insights

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Frequently asked questions for Lakeville, MN

Quick answers to common questions about the Lakeville rental market.

How much is rent in Lakeville?

The average rent in Lakeville is $2,425 per month as of September 12, 2026.

Is rent up or down in Lakeville?

Average rent prices in Lakeville have decreased by 7% over the last month and have increased by 3% since last year.

How does Lakeville rent compare to the national average?

Rent in Lakeville is 28% above the national average, which means renters are paying approximately $525 more per month.

Which neighborhoods are most affordable in Lakeville?

The most affordable neighborhoods in Lakeville are Dakota Heights ($1,754/mo), Oak Shores ($1,797/mo), and Crossroads ($1,830/mo).

What salary do I need to afford rent in Lakeville?

To comfortably afford rent in Lakeville, you'd need to earn approximately $97,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Lakeville?

March offers the lowest rents in Lakeville, while fall months like October and November see less competition with reduced demand. May has the highest rent with approximately 18.9% difference from March.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).