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

Rental Market Trends in Prior Lake, MN

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Prior Lake, MN is $2,000 per month, which is 4% higher than the national average rent of $1,932 per month.

AVERAGE RENT

$2,000

-8.2%-$179 decrease month-over-month

18.6%$314 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,551

HOUSES

$2,800

TOWNHOUSES

$2,464

As of November 2026, apartments are the most affordable rental option in Prior Lake, MN at $1,551 per month, while houses are the most expensive at $2,800 per month. Townhomes average $2,464 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	$2,295
4 Bedrooms	$2,800
All	$2,000

As of November 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, $2,295 for a 3 bedroom rental, and $2,800 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,300
3 Bedrooms	$2,595
4 Bedrooms	$2,695
All	$2,464

As of November 2026, the average rent for a 2 bedroom townhome in Prior Lake, MN is $2,300 per month, followed by $2,595 for a 3 bedroom townhome, and $2,695 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$1,483
3 Bedrooms	$1,700
4 Bedrooms	—
All	$1,483

As of November 2026, the average rent for a 1 bedroom apartment in Prior Lake, MN is $1,200 per month, followed by $1,483 for a 2 bedroom apartment, and $1,700 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,900
2 Bedrooms	$1,795
3 Bedrooms	$2,395
4 Bedrooms	$3,180
All	$2,800

As of November 2026, the average rent for a 1 bedroom house in Prior Lake, MN is $1,900 per month, followed by $1,795 for a 2 bedroom house, $2,395 for a 3 bedroom house, and $3,180 for a 4 bedroom house.