Cheap Apartments for Rent in Prior Lake, MN

30 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 increased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage rent
Jun 2025$2,175
Jul 2025$2,299
Aug 2025$2,100
Sep 2025$1,584
Oct 2025$1,579
Nov 2025$1,592
Dec 2025$1,726
Jan 2026$1,583
Feb 2026$1,700
Mar 2026$1,773
Apr 2026$2,300
May 2026$2,495
View as a graph

Average Rent By Bedroom and Home Type

In May 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$1,661$2,050$2,839$2,195
Townhomes—$3,300$2,195$3,169$2,195
Apartments and Condos$1,300———$1,300
Houses——$2,600$2,839$2,995
See more information about local market trends in Prior Lake, MN

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 $1,463 per month. This is about 24% lower than the national average.
  • What is the average rent of a house in Prior Lake, MN?
    The average rent of a house in Prior Lake, MN is $2,995 per month. This is about 55% higher than the national average.
  • What is the average rent of a townhome in Prior Lake, MN?
    The average rent of a townhome in Prior Lake, MN is $2,195 per month. This is about 14% higher than the national average.
  • When is the average rent cheapest in Prior Lake, MN?
    In the last year, the average rent in Prior Lake, MN was lowest in Oct 2025 when it was $1,579 per month.
  • 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 $3,005 less than the cost of a studio apartment.
  • How many available rental listings are in Prior Lake, MN?
    There are 29 available rental listings in Prior Lake, MN.
  • 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.