What's the average rent in Lakeville, MN?

Rental Market Trends in Lakeville, MN

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Lakeville, MN is $2,399 per month, which is 23% higher than the national average rent of $1,951 per month.

AVERAGE RENT

$2,399

-4.0%-$101 decrease month-over-month

-3.8%-$96 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,728

HOUSES

$3,495

TOWNHOUSES

$2,700

As of June 2026, apartments are the most affordable rental option in Lakeville, MN at $1,728 per month, while houses are the most expensive at $3,495 per month. Townhomes average $2,700 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,596
2 Bedrooms	$1,895
3 Bedrooms	$2,500
4 Bedrooms	$3,395
All	$2,399

As of June 2026, the average rent for a 1 bedroom rental in Lakeville, MN is $1,596 per month, followed by $1,895 for a 2 bedroom rental, $2,500 for a 3 bedroom rental, and $3,395 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,995
3 Bedrooms	$2,525
4 Bedrooms	$2,900
All	$2,700

As of June 2026, the average rent for a 2 bedroom townhome in Lakeville, MN is $1,995 per month, followed by $2,525 for a 3 bedroom townhome, and $2,900 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,500
2 Bedrooms	$1,595
3 Bedrooms	$2,000
4 Bedrooms	$800
All	$1,595

As of June 2026, the average rent for a 1 bedroom apartment in Lakeville, MN is $1,500 per month, followed by $1,595 for a 2 bedroom apartment, $2,000 for a 3 bedroom apartment, and $800 for a 4 bedroom apartment.