Cheap Apartments for Rent in Prior Lake, MN

39 rentals

Apartments For Rent Near Prior Lake, MN

We found 30 more apartments matching your filters just outside Prior Lake

Average Rent Trends in Prior Lake, MN

Rent in Prior Lake, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Oct 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage rent
Nov 2025$1,592
Dec 2025$1,726
Jan 2026$1,583
Feb 2026$1,700
Mar 2026$1,774
Apr 2026$2,300
May 2026$2,495
Jun 2026$2,000
Jul 2026$1,950
Aug 2026$1,975
Sep 2026$2,350
Oct 2026$2,195
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Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,395$1,800$2,495$2,795$2,195
Townhomes$975$2,017$2,745$2,795$2,719
Apartments and Condos$975$1,800$1,700—$1,800
Houses$1,980$2,550$2,899$2,850$2,899

Frequently Asked Questions about Rentals in Prior Lake, MN

  • What is the average rent of an apartment in Prior Lake, MN?
    The average rent of an apartment in Prior Lake, MN is $1,684 per month. This is about 13% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Prior Lake, MN?
    Last year, the cheapest month to find an apartment to rent was Oct 2025 when it was $1,579 per month.
  • How many cheap apartments are available in Prior Lake, MN?
    There are 23 apartments to rent that are cheaper than the city’s average rent of $2,195.
  • When is the average rent most expensive in Prior Lake, MN?
    In the last year, the average rent in Prior Lake, MN was highest in Jul 2025 when it was $2,299 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Prior Lake, MN?
    The average rent of a 1 bedroom apartment in Prior Lake, MN is $1,395 per month. That is about $200 more than the cost of a studio apartment.
  • What are some zip codes in Prior Lake, MN?
    Prior Lake, MN includes zip codes such as: 55372.
  • What are some cities near Prior Lake, MN?
    Some nearby cities include: Savage, Lakeville, Shakopee, Elko New Market, Jordan. These cities may have more rental options to explore.