Average Rent in Lakeville, MN and Rent Price Trends

Rent trends in Lakeville, MN

Average rent prices in Lakeville have increased by 1% over the last month and have decreased by 8% 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 $1,719, whereas a house costs $2,700. 1-bedroom apartments in Lakeville run $1,556 on average, while 2-bedroom apartments are $1,934.


Studio	$1,283	1%	-
1 bedroom	$1,185	2%	43%
2 bedroom	$2,099	1%	3%
3 bedroom	$2,622	3%	2%
4 bedroom	$2,995	5%	12%

		Listings
Bracketts Townhomes	$2,097
Cedar Highlands	$1,760
Chadwick Farm	$2,175
Dakota Heights	$1,950
Foxborough	$2,240
Great Oak Shores	$2,495
Heritage	$2,000
Hypointe Crossing	$1,795
Oak Shores	$1,795
Prairie Lake	$2,219


Apartments	$1,719	4%	No Change
Condos	$1,395	28%	-
Houses	$2,700	7%	No Change

Studio

Average rent

$1,283

Last 30 days

1 bedroom

Average rent

$1,185

Last 30 days

Last year

43%

2 bedroom

Average rent

$2,099

Last 30 days

Last year

3 bedroom

Average rent

$2,622

Last 30 days

Last year

4 bedroom

Average rent

$2,995

Last 30 days

Last year

12%

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$2,495

29%

higher than the national median

Median rent price$1,860

lower than the national median

Takeaway

The median rent for all rentals in Lakeville, MN is 34% higher than the median rent in Chanhassen, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,860

$1,915

$2,223

$1,720

$2,195

$1,275

$1,650

$2,022

$1,620

$1,735

$1,639

$2,125

Discover rentals in Lakeville, MN

5d+ ago

Cedar Highlands apartment for rent in Lakeville

$1,595 - 2 Bedroom 1 Bathroom Apartment In Rosemount With Great Amenities

16953 Garcia Way W #1, Lakeville, MN 55068

2 beds

1 bath

$1,595

Apartment for rent

Available Sep 1

5d+ ago

Cedar Highlands apartment for rent in Lakeville

16953 Garcia Way - 4

16953 Garcia Way W #4, Lakeville, MN 55068

2 beds

1 bath

$1,595

Apartment for rent

Available Sep 1

5d+ ago

House for rent in Lakeville

SINGLE_FAMILY - Lakeville, MN

504 Juliet Dr #155, Lakeville, MN 55044

3 beds

2 baths

$1,785

House for rent

5d+ ago

House for rent in Lakeville

SINGLE_FAMILY - Lakeville, MN

442 Romeo Dr #318, Lakeville, MN 55044

3 beds

2 baths

$2,050

House for rent

New construction

5d+ ago

House for rent in Lakeville

SINGLE_FAMILY - Lakeville, MN

437 Romeo Dr #313, Lakeville, MN 55044

3 beds

2 baths

$2,075

House for rent

5d+ ago

House for rent in Lakeville

SINGLE_FAMILY - Lakeville, MN

824 Macbeth Cir #227, Lakeville, MN 55044

3 beds

2 baths

$2,100

House for rent

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

House for rent

Available Apr 1

8h ago

House for rent in Lakeville

725 Juliet Dr #186, Lakeville, MN 55044

3 beds

2 baths

$2,250

House for rent

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 $2,495 per month as of August 1, 2026.

Is rent up or down in Lakeville?

Average rent prices in Lakeville have increased by 1% over the last month and have decreased by 8% since last year.

How does Lakeville rent compare to the national average?

Rent in Lakeville is 29% above the national average, which means renters are paying approximately $555 more per month.

Which neighborhoods are most affordable in Lakeville?

The most affordable neighborhoods in Lakeville are Cedar Highlands ($1,760/mo), Hypointe Crossing ($1,795/mo), and Oak Shores ($1,795/mo).

What salary do I need to afford rent in Lakeville?

To comfortably afford rent in Lakeville, you'd need to earn approximately $100,000/year, based on spending no more than 30% of your income on rent.

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

Based on Zumper's July 2026 data, one-bedroom apartments in Lakeville average around $1,580/month and two-bedrooms approximately $1,990/month.

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).