What's the average rent in Lakeville, MN?

Rental Market Trends in Lakeville, MN

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Lakeville, MN is $2,460 per month, which is 26% higher than the national average rent of $1,948 per month.

AVERAGE RENT

$2,460

-1.8%-$46 decrease month-over-month

25.9%$506 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,751

HOUSES

$3,700

TOWNHOUSES

$2,499

As of September 2026, apartments are the most affordable rental option in Lakeville, MN at $1,751 per month, while houses are the most expensive at $3,700 per month. Townhomes average $2,499 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,560
2 Bedrooms	$1,950
3 Bedrooms	$2,550
4 Bedrooms	$3,800
All	$2,460

As of September 2026, the average rent for a 1 bedroom rental in Lakeville, MN is $1,560 per month, followed by $1,950 for a 2 bedroom rental, $2,550 for a 3 bedroom rental, and $3,800 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,050
3 Bedrooms	$2,566
4 Bedrooms	$2,499
All	$2,499

As of September 2026, the average rent for a 2 bedroom townhome in Lakeville, MN is $2,050 per month, followed by $2,566 for a 3 bedroom townhome, and $2,499 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,395
2 Bedrooms	$1,595
3 Bedrooms	$2,000
4 Bedrooms	$3,375
All	$1,595

As of September 2026, the average rent for a 1 bedroom apartment in Lakeville, MN is $1,395 per month, followed by $1,595 for a 2 bedroom apartment, $2,000 for a 3 bedroom apartment, and $3,375 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,800
2 Bedrooms	$1,500
3 Bedrooms	$2,300
4 Bedrooms	$3,995
All	$3,700

As of September 2026, the average rent for a 1 bedroom house in Lakeville, MN is $1,800 per month, followed by $1,500 for a 2 bedroom house, $2,300 for a 3 bedroom house, and $3,995 for a 4 bedroom house.