What's the average rent in Lakeville, MN?

Rental Market Trends in Lakeville, MN

SOURCE: TRULIA DATA

Rental market highlights

As of July 2026, the average rent in Lakeville, MN is $2,505 per month, which is 27% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$2,505

0.4%$10 increase month-over-month

9.2%$210 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,756

HOUSES

$3,195

TOWNHOUSES

$2,595

As of July 2026, apartments are the most affordable rental option in Lakeville, MN at $1,756 per month, while houses are the most expensive at $3,195 per month. Townhomes average $2,595 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,619
2 Bedrooms	$2,008
3 Bedrooms	$2,595
4 Bedrooms	$3,150
All	$2,505

As of July 2026, the average rent for a 1 bedroom rental in Lakeville, MN is $1,619 per month, followed by $2,008 for a 2 bedroom rental, $2,595 for a 3 bedroom rental, and $3,150 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,225
3 Bedrooms	$2,620
4 Bedrooms	$2,500
All	$2,595

As of July 2026, the average rent for a 2 bedroom townhome in Lakeville, MN is $2,225 per month, followed by $2,620 for a 3 bedroom townhome, and $2,500 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,395
2 Bedrooms	$1,595
3 Bedrooms	$1,875
4 Bedrooms	—
All	$1,700

As of July 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, and $1,875 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,995
2 Bedrooms	$1,850
3 Bedrooms	$2,700
4 Bedrooms	$3,150
All	$3,195

As of July 2026, the average rent for a 1 bedroom house in Lakeville, MN is $1,995 per month, followed by $1,850 for a 2 bedroom house, $2,700 for a 3 bedroom house, and $3,150 for a 4 bedroom house.