Last updated on June 12, 2026

Average rent in
Prior Lake, MN

Median rent

Median rent in Prior Lake

$1,650/mo

decreased by21%

vs previous year

The average rent in Prior Lake is $1,650 per month as of June 2026. This is 15% below the national average rent, or $300 less per month.

$1.22

average price per square foot

Total rentals

Available rentals in Prior Lake

17

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Prior Lake rentals at each price point

45%34%23%11%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Prior Lake, MN

Average rent prices in Prior Lake have remained the same over the last month and have decreased by 21% 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 Prior Lake, MN

Rent prices in Prior Lake vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Prior Lake is $1,595, whereas a house costs $2,600. 1-bedroom apartments in Prior Lake run $1,395 on average, while 2-bedroom apartments are $1,595.

Listings

Studio

$1,129

45%

-

1 bedroom

$1,408

6%

1%

2 bedroom

$1,599

6%

16%

3 bedroom

$2,195

10%

13%

4 bedroom

$3,200

50%

13%

Studio

Average rent

$1,129

Last 30 days

45%

1 bedroom

Average rent

$1,408

Last 30 days

6%

Last year

1%

2 bedroom

Average rent

$1,599

Last 30 days

6%

Last year

16%

3 bedroom

Average rent

$2,195

Last 30 days

10%

Last year

13%

4 bedroom

Average rent

$3,200

Last 30 days

50%

Last year

13%

The table above reflects average rent prices in Prior Lake, 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 Prior Lake, MN compare to other cities?

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

Prior Lake

Median rent price$1,650
decreased by15%

lower than the national median

Median rent price$1,965
increased by1%

higher than the national median

Takeaway

The median rent for all rentals in Prior Lake, MN is 16% lower than the median rent in Chanhassen, MN.

Discover rentals in Prior Lake, MN

5139 160th St Se #C - Photo 1 of 1

2d ago

Apartment for rent in Prior Lake

Available July 1st - 1 Bed/1 Bath Triplex in Prior Lake

5139 160th St Se #C, Prior Lake, MN 55372

5 beds

5 baths

$1,095

Apartment for rent

Kestrel Brunswick Avenue Southeast -  Prior Lake, MN 55372 - Photo 1 of 1

2d ago

8.6

Very good

Kestrel Brunswick Avenue Southeast - Prior Lake, MN 55372

16720 Brunswick Ave Se, Prior Lake, MN 55372

2–3 beds

1–2 baths

$1,395–$1,650

Apartment for rent

Kestrel - Photo 1 of 1

2d ago

8.4

Very good

Kestrel

16650 Brunswick Ave Se, Prior Lake, MN 55372

2–3 beds

1–2 baths

$1,395–$1,650

Apartment for rent

16704 Brunswick Ave Se - Photo 1 of 1

5d+ ago

Apartment for rent in Prior Lake

Kestrel - 704-201

16704 Brunswick Ave Se, Prior Lake, MN 55372

2 beds

1 bath

$1,395

Apartment for rent

Available Jun 5

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 Prior Lake, MN

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

How much is rent in Prior Lake?

The average rent in Prior Lake is $1,650 per month as of June 6, 2026.

Is rent up or down in Prior Lake?

Average rent prices in Prior Lake have remained the same over the last month and have decreased by 21% since last year.

How does Prior Lake rent compare to the national average?

Rent in Prior Lake is 15% below the national average, which means renters are paying approximately $300 less per month.

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

To comfortably afford rent in Prior Lake, you'd need to earn approximately $66,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Prior Lake?

The average rent for a 1-bedroom apartment in Prior Lake, MN is approximately $1,441, while a 2-bedroom apartment averages around $1,710.

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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