Last updated on November 3, 2026

Average rent in
Lakeville, MN

Median rent

Median rent in Lakeville

$2,422/mo

increased by10%

vs previous year

The average rent in Lakeville is $2,422 per month as of October 2026. This is 27% above the national average rent, or $522 more per month.

$1.34

average price per square foot

Total rentals

Available rentals in Lakeville

27

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Lakeville rentals at each price point

65%49%33%16%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Lakeville, MN

Average rent prices in Lakeville have increased by 4% over the last month and have increased by 10% 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 $1,850, whereas a house costs $2,760. 1-bedroom apartments in Lakeville run $1,422 on average, while 2-bedroom apartments are $1,810.

Listings

Studio

$1,375

2%

16%

1 bedroom

$1,354

12%

13%

2 bedroom

$1,815

4%

5%

3 bedroom

$2,649

4%

15%

4 bedroom

$3,525

6%

22%

Studio

Average rent

$1,375

Last 30 days

2%

Last year

16%

1 bedroom

Average rent

$1,354

Last 30 days

12%

Last year

13%

2 bedroom

Average rent

$1,815

Last 30 days

4%

Last year

5%

3 bedroom

Average rent

$2,649

Last 30 days

4%

Last year

15%

4 bedroom

Average rent

$3,525

Last 30 days

6%

Last year

22%

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$2,422
increased by27%

higher than the national median

Median rent price$1,860
decreased by2%

lower than the national median

Takeaway

The median rent for all rentals in Lakeville, MN is 30% higher than the median rent in Chanhassen, MN.

Discover rentals in Lakeville, MN

16953 Garcia Way W #1 - Photo 1 of 1

5d+ ago

Cedar Highlands apartment for rent in Lakeville

16953 Garcia Way - 1

16953 Garcia Way W #1, Lakeville, MN 55068

2 beds

1 bath

$1,295

Price dropped $204Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Now Leasing at Oaks of Lakeville | Comfort, Convenience & Community Await! - Photo 1 of 1

3d ago

7.8

Very good

1–2 beds

1 bath

$1,325–$1,545

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
7225 168th St W #1 - Photo 1 of 1

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

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
16679 Javelin Ave #1 - Photo 1 of 1

5d+ ago

Rolling Oaks South house for rent in Lakeville

Javelin Avenue, Lakeville (16679) LY ER1 **TPO** - 1

16679 Javelin Ave #1, Lakeville, MN 55044

4 beds

2 baths

$2,295

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

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 $2,422 per month as of October 31, 2026.

Is rent up or down in Lakeville?

Average rent prices in Lakeville have increased by 4% over the last month and have increased by 10% since last year.

How does Lakeville rent compare to the national average?

Rent in Lakeville is 27% above the national average, which means renters are paying approximately $522 more per month.

Which neighborhoods are most affordable in Lakeville?

The most affordable neighborhoods in Lakeville are Hypointe Crossing ($1,811/mo), Homestead Creek ($1,845/mo), and Prairie Lake ($1,853/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).

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