Average Rent in Lakeville, MN
5 apartment buildings, 41 units. Daily asking prices with rent history for every building.
Browse apartments in Lakeville, MNAvg Rent
$1,754/mo
median $1,643
market average
Cheapest
$1,299/mo
Arris Lakeville Apartments
Properties
5
tracked daily
Units
41
available now
Lakeville, MN Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 5 properties in Lakeville, MN.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Lakeville, MN Rent Prices
All 5 properties ranked by lowest available rent.
Arris Lakeville Apartments
10805 173rd St W, Lakeville, MN 55044, USA
SouthFork Townhomes
17956 Jubilee Way, Lakeville, MN 55044, USA
Lakeville Pointe
18010 Kenwood Trail, Lakeville, MN 55044, USA
The Edison at Avonlea
7255 181st St W, Lakeville, MN 55044, USA
The Edison at Spirit
5181 161st St W, Lakeville, MN 55044, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Arris Lakeville Apartments 10805 173rd St W, Lakeville, MN 55044, USA | $1,299 | $1,728 | $2.29/ft² | 4.6 (101) | 16 |
| 2 | SouthFork Townhomes 17956 Jubilee Way, Lakeville, MN 55044, USA | $1,420 | $1,713 | $1.87/ft² | 4.1 (306) | 19 |
| 3 | Lakeville Pointe 18010 Kenwood Trail, Lakeville, MN 55044, USA | $1,426 as of Sep 13 | $1,426 | $1.48/ft² | 4.4 (30) | 1 |
| 4 | The Edison at Avonlea 7255 181st St W, Lakeville, MN 55044, USA | $1,638 as of Sep 30 | $1,812 | $1.87/ft² | 4.6 (76) | 10 |
| 5 | The Edison at Spirit 5181 161st St W, Lakeville, MN 55044, USA | $1,643 | $1,957 | $1.91/ft² | 4.7 (63) | 6 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Arris Lakeville Apartments
4.6 (101)10805 173rd St W, Lakeville, MN 55044, USA
SouthFork Townhomes
4.1 (306)17956 Jubilee Way, Lakeville, MN 55044, USA
Lakeville Pointe
4.4 (30)18010 Kenwood Trail, Lakeville, MN 55044, USA
The Edison at Avonlea
4.6 (76)7255 181st St W, Lakeville, MN 55044, USA
The Edison at Spirit
4.7 (63)5181 161st St W, Lakeville, MN 55044, USA
By Area
Lakeville, MN neighborhoods
Tracked buildings across 1 named neighborhoods. Pick one to see its apartments.
Lakeville, MN Average Rent Prices 2026
The average rent in Lakeville, MN is $1,754 per month, based on 41 units across 5 apartment communities. Prices range from $1,299 at Arris Lakeville Apartments to $2,649 at Arris Lakeville Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,382/mo | $1,299/mo | 3 |
| 1 Bed | $1,571/mo | $1,420/mo | 20 |
| 2 Bed | $1,884/mo | $1,745/mo | 14 |
| 3 Bed | $2,494/mo | $2,290/mo | 4 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Lakeville, MN, and what they pay
Tracked one-bedroom rent in Lakeville, MN averages $1,571/mo, with two-bedroom units averaging $1,884/mo. At the local median household income of $138,119, that works out to 15% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Lakeville, MN at $1,727/mo. The current tracked market average runs 2% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Lakeville, MN while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Lakeville, MN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$70,000/year
Based on the 30 percent rule, using our tracked average rent of $1,754/mo.
Comfortable income
$84,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,299/mo), you need to earn at least $52,000/year.
Median household income in Lakeville, MN is $138,119 , about 64% above the comfortable-living threshold.
Cost of living in Lakeville, MN
Overall prices in Lakeville, MN runs above the national average by about 4% (BEA Regional Price Parity index 104.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lakeville, MN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,754 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $5,358/mo |
Population
72,480
Median household income
$138,119
Census median rent
$1,727/mo
Census rent burden
32.1%
Median age
36.9
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Minnesota
How Lakeville, MN rent compares to other markets in the state.
| City | Avg Rent | vs Lakeville, MN | 30-Day Change | Properties |
|---|---|---|---|---|
| Minneapolis, MN | $2,059 | +17% | -6.4% | 72 |
| Eden Prairie, MN | $1,960 | +12% | -2.3% | 17 |
| ST Paul, MN | $1,750 | 0% | -3.9% | 16 |
| Burnsville, MN | $1,638 | -7% | -3.1% | 15 |
| Woodbury, MN | $1,957 | +12% | +3.3% | 15 |
| Eagan, MN | $1,781 | +2% | +2.4% | 14 |
Frequently asked questions
What is the average rent in Lakeville, MN?
The average rent in Lakeville, MN is $1,754 per month, based on 41 units across 5 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Lakeville, MN?
The median asking rent in Lakeville, MN is $1,643 per month, computed from 41 live listed units and refreshed daily. The average is $1,754/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Lakeville, MN?
The lowest available rent in Lakeville, MN starts at $1,299 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Lakeville, MN?
1-bedroom apartments in Lakeville, MN average $1,571/mo. The lowest listed 1-bedroom starts at $1,420/mo across 20 units tracked.
How much is a 2-bedroom apartment in Lakeville, MN?
2-bedroom apartments in Lakeville, MN average $1,884/mo. Units start from $1,745/mo across 14 units currently listed.
Rent Trends in Lakeville, MN
Track how apartment prices are changing over time.
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