Bedroom count
Property type
Last updated on November 3, 2026
Last updated on November 3, 2026
Bedroom count
Property type
Median rent in Lakeville
$2,422/mo
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.
average price per square foot
Available rentals in Lakeville
27
for rent on Zumper.com as of October 2026
Share of Lakeville rentals at each price point
Average rent prices in Lakeville have increased by 4% over the last month and have increased by 10% since last year.
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
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% |
Listings | ||
|---|---|---|
Cedar Highlands | $2,115 | |
Crossroads | $2,200 | |
Dakota Heights | $2,050 | |
Foxborough | $2,200 | |
Great Oak Shores | $1,895 | |
Homestead Creek | $1,845 | |
Hypointe Crossing | $1,811 | |
Kenridge | $2,200 | |
Prairie Lake | $1,853 | |
Rolling Oaks South | $2,025 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,850 | 2% | 15% | |
Condos | $1,150 | No Change | - | |
Houses | $2,760 | 27% | 3% |
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%
Foxborough
Average rent
$2,200
Rolling Oaks South
Average rent
$2,025
Cedar Highlands
Average rent
$2,115
Prairie Lake
Average rent
$1,853
Crossroads
Average rent
$2,200
Great Oak Shores
Average rent
$1,895
Hypointe Crossing
Average rent
$1,811
Kenridge
Average rent
$2,200
Homestead Creek
Average rent
$1,845
Dakota Heights
Average rent
$2,050
Apartments
Average rent
$1,850
Last 30 days
2%
Last year
15%
Condos
Average rent
$1,150
Houses
Average rent
$2,760
Last 30 days
27%
Last year
3%
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.
Compare median rent prices in Lakeville and Chanhassen by all bedroom counts and property types.
Lakeville
higher than the national median
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.
Explore rent trends in neighboring markets
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Quick answers to common questions about the Lakeville rental market.
The average rent in Lakeville is $2,422 per month as of October 31, 2026.
Average rent prices in Lakeville have increased by 4% over the last month and have increased by 10% since last year.
Rent in Lakeville is 27% above the national average, which means renters are paying approximately $522 more per month.
The most affordable neighborhoods in Lakeville are Hypointe Crossing ($1,811/mo), Homestead Creek ($1,845/mo), and Prairie Lake ($1,853/mo).
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.
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.
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).