Average Rent in Prairie Lake, Lakeville, MN and Rent Price Trends

Rent trends in Prairie Lake, Lakeville, MN

Average rent prices in Prairie Lake have increased by 24% over the last month and have decreased by 11% 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
Prairie Lake, Lakeville, MN

Rent prices in Prairie Lake vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Prairie Lake is $1,627, whereas a house costs $2,595. 1-bedroom apartments in Prairie Lake run $1,615 on average, while 2-bedroom apartments are $1,629.


Studio	$1,425	-	-
1 bedroom	$1,635	No Change	-
2 bedroom	$1,629	3%	11%
3 bedroom	$2,595	2%	-
4 bedroom	$3,475	-	-

		Listings
Downtown Rosemount	$2,105
Eden Prairie	$1,795
Hunters Wood	$1,650
Morris Park	$1,720
Oak Shores	$1,686
West Bloomington	$1,670

				Listings
Apartments	$1,627	6%	No Change
Houses	$2,595	8%	No Change

Studio

Average rent

$1,425

1 bedroom

Average rent

$1,635

2 bedroom

Average rent

$1,629

Last 30 days

Last year

11%

3 bedroom

Average rent

$2,595

Last 30 days

4 bedroom

Average rent

$3,475

The table above reflects average rent prices in Prairie Lake, 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 Prairie Lake, Lakeville, MN compare to other neighborhoods?

Compare median rent prices in Prairie Lake and Hunters Wood by all bedroom counts and property types.

Prairie Lake

Median rent price$1,785

lower than the national median

Median rent price$1,650

14%

lower than the national median

Takeaway

The median rent for all rentals in Prairie Lake, Lakeville, MN is 8% higher than the median rent in Hunters Wood, Apple Valley, MN.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,650

$1,670

$1,795

$1,686

$1,720

$2,105

Discover rentals in Prairie Lake, Lakeville, MN

5d+ ago

Prairie Lake townhouse for rent in Lakeville

18442 Lafayette Way, Lakeville, MN 55044

3 beds

2.5 baths

$2,850

$2,745

Price drop

House for rent

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Frequently asked questions for Prairie Lake, Lakeville, MN

Quick answers to common questions about the Prairie Lake rental market.

How much is rent in Prairie Lake?

The average rent in Prairie Lake is $1,785 per month as of August 15, 2026.

Is rent up or down in Prairie Lake?

Average rent prices in Prairie Lake have increased by 24% over the last month and have decreased by 11% since last year.

How does Prairie Lake rent compare to the national average?

Rent in Prairie Lake is 7% below the national average, which means renters are paying approximately $140 less per month.

What salary do I need to afford rent in Prairie Lake?

To comfortably afford rent in Prairie Lake, you'd need to earn approximately $71,000/year, based on spending no more than 30% of your income on rent.

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).