What's the average rent in Prior Lake, MN?

Rental Market Trends in Prior Lake, MN

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Prior Lake, MN is $1,850 per month, which is 6% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$1,850

-17.8%-$400 decrease month-over-month

-7.5%-$150 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,558

HOUSES

$3,195

TOWNHOUSES

$1,975

As of August 2026, apartments are the most affordable rental option in Prior Lake, MN at $1,558 per month, while houses are the most expensive at $3,195 per month. Townhomes average $1,975 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,395
2 Bedrooms	$1,795
3 Bedrooms	$2,600
4 Bedrooms	$2,699
All	$1,850

As of August 2026, the average rent for a 1 bedroom rental in Prior Lake, MN is $1,395 per month, followed by $1,795 for a 2 bedroom rental, $2,600 for a 3 bedroom rental, and $2,699 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,849
3 Bedrooms	$2,600
4 Bedrooms	$2,895
All	$1,975

As of August 2026, the average rent for a 2 bedroom townhome in Prior Lake, MN is $1,849 per month, followed by $2,600 for a 3 bedroom townhome, and $2,895 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,195
2 Bedrooms	$1,750
3 Bedrooms	$3,100
4 Bedrooms	—
All	$1,495

As of August 2026, the average rent for a 1 bedroom apartment in Prior Lake, MN is $1,195 per month, followed by $1,750 for a 2 bedroom apartment, and $3,100 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,795
3 Bedrooms	$2,890
4 Bedrooms	$3,500
All	$3,195

As of August 2026, the average rent for a 2 bedroom house in Prior Lake, MN is $1,795 per month, followed by $2,890 for a 3 bedroom house, and $3,500 for a 4 bedroom house.