Last updated
Average Rent in Lakeville, MN & Rent Trends
Rent prices and market trends across 4 apartment communities in Lakeville, MN. Updated daily.
Market Average
$1,908/mo
Lowest Available
$1,745/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
17
available now
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As of October 2026, the average rent in Lakeville, MN is $1,908 per month across 4 apartment communities and 17 available units.
The most affordable option is SouthFork Townhomes starting at $1,745/mo. By unit type, a 2-bedroom averages $1,908/mo.
Prices range from $1,745 to $2,099 per month. The most common price point is the $1,800 range, where 11 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Lakeville, MN
Rent Prices by Apartment in Lakeville, MN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| SouthFork Townhomes | $1,745/mo | $1,829/mo | 10 | 4.1 |
| The Edison at Avonlea | $1,926/mo | $2,021/mo | 3 | 4.6 |
| The Edison at Spirit | $1,985/mo | $2,002/mo | 2 | 4.7 |
| Arris Lakeville Apartments | $1,986/mo | $2,043/mo | 2 | 4.6 |
Frequently Asked Questions About Rent in Lakeville, MN
What is the average rent in Lakeville, MN?
Is rent going up or down in Lakeville, MN?
What is the cheapest apartment in Lakeville, MN?
How many apartments are available in Lakeville, MN?
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
$76,000/year
Based on the 30 percent rule, using our tracked average rent of $1,908/mo.
Comfortable income
$92,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,745/mo), you need to earn at least $70,000/year.
Median household income in Lakeville, MN is $138,119 , about 51% 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) | $1,908 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $5,512/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.
Google Search Trends for Lakeville, MN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
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