Cheap Apartments for Rent in Prior Lake, MN
32 rentals
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- PET FRIENDLY$1,395 - $1,595/mo1-2 Beds1 BathThe Village at Five Hawks | 16615 Five Hawks Ave SE,
Prior Lake, MN 55372 - $1,475 - $1,950/mo1 Bed1 BathJeffers Waterfront Apartments | 3800 Jeffers Pkwy NW,
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Apartments For Rent Near Prior Lake, MN
We found 30 more apartments matching your filters just outside Prior Lake
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- $1,175 - $1,520/mo1-2 Beds1-2 BathsGlen at Burnsville Apartments | 13000 Harriet Ave S,
Burnsville, MN 55337 - $1,257 - $2,041/moStudio-3 Beds1-2 BathsSouthwind Village | 15025 Greenhaven Dr,
Burnsville, MN 55306 - $1,270 - $1,545/mo1-2 Beds1-2 BathsBurnsville Parkway Apartments | 1701 W Burnsville Pkwy,
Burnsville, MN 55337 - $1,309 - $1,914/moStudio-2 Beds1-2 BathsLake Ridge Apartments | 13854 McKenna Rd NW,
Shakopee, MN 55379 - Total price$1,370 - $2,487/moStudio-3 Beds1-2 BathsSprings at Egan Drive | 14125 Louisiana Ave S,
Savage, MN 55378 - $1,400 - $1,600/mo1-2 Beds1 BathWhispering Heights Apartments | 700 Roundhouse St,
Shakopee, MN 55379 - Total price$1,424 - $2,413/moStudio-3 Beds1-2 BathsAuthentix Lakeville | 11656 207th St W,
Lakeville, MN 55044 - $1,450 - $1,705/mo1-2 Beds1-2 BathsSouthcross Village Apartments | 14802 County Road 5,
Burnsville, MN 55306
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 Aug 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| 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 | $1,774 |
| Apr 2026 | $2,300 |
| May 2026 | $2,495 |
| Jun 2026 | $2,000 |
| Jul 2026 | $1,950 |
| Aug 2026 | $1,975 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,413 | $1,775 | $2,567 | $3,500 | $2,313 |
| Townhomes | — | $1,816 | $2,700 | $2,895 | $2,567 |
| Apartments and Condos | — | $1,750 | — | — | $1,236 |
| Houses | — | $1,795 | $2,517 | $3,500 | $3,300 |
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 $1,452 per month. This is about 26% lower 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 $1,413 per month. That is about $218 more than the cost of a studio apartment.
- How many available rental listings are in Prior Lake, MN?There are 34 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.
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