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

Rental Market Trends in Prior Lake, MN

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Prior Lake, MN is $2,485 per month, which is 30% higher than the national average rent of $1,910 per month.

AVERAGE RENT

$2,485

8.0%$185 increase month-over-month

15.6%$335 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,755

HOUSES

$2,995

TOWNHOUSES

$2,495

As of May 2026, apartments are the most affordable rental option in Prior Lake, MN at $1,755 per month, while houses are the most expensive at $2,995 per month. Townhomes average $2,495 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	$1,653
3 Bedrooms	$2,417
4 Bedrooms	$2,995
All	$2,485

As of May 2026, the average rent for a 1 bedroom rental in Prior Lake, MN is $1,395 per month, followed by $1,653 for a 2 bedroom rental, $2,417 for a 3 bedroom rental, and $2,995 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,900
3 Bedrooms	$2,495
4 Bedrooms	$3,149
All	$2,495

As of May 2026, the average rent for a 2 bedroom townhome in Prior Lake, MN is $1,900 per month, followed by $2,495 for a 3 bedroom townhome, and $3,149 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,300
2 Bedrooms	$1,644
3 Bedrooms	$2,200
4 Bedrooms	—
All	$1,300

As of May 2026, the average rent for a 1 bedroom apartment in Prior Lake, MN is $1,300 per month, followed by $1,644 for a 2 bedroom apartment, and $2,200 for a 3 bedroom apartment.