Cheap Apartments for Rent in Lakeville, MN from $800 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lakeville.

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Colonial Apartments
2 Bedroom Apartments

Colonial Apartments

20596 Hollins Ave WLakeville, MN 55044
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Evergreen Apartments
1 to 2 Bedroom Apartments

Evergreen Apartments

8590 208th St WLakeville, MN 55044
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Colonial Apartments
2 Bedroom Apartments

Colonial Apartments

20612 Hollins Ave WLakeville, MN 55044
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Village Dweller
1 to 2 Bedroom Apartments

Village Dweller

20966-20968 Holt AveLakeville, MN 55044
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Kingsley Shores
Studio to 1 Bedroom Apartments

Kingsley Shores

16880 Klamath TrlLakeville, MN 55044
Senior Living
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Apple Villa
1 to 2 Bedroom Apartments

Apple Villa

7820-7822 Whitney DrApple Valley, MN 55124
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Oaks Whitney Pines
1 to 2 Bedroom Apartments

Oaks Whitney Pines

7750 Whitney DrApple Valley, MN 55124
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Whispering Oaks
1 to 3 Bedroom Apartments

Whispering Oaks

1600 W 143rd StBurnsville, MN 55306
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Showing Results 1-32, Page 1 of 1

Lakeville, MN Local Guide

Cheapest Neighborhoods for Apartments in Lakeville, MN

Pricing Updated: 03/26/2025

Current apartment rentals in the Lakeville, MN area range in price from $631 to $5,331 with an overall median price of $2,344. The three Lakeville neighborhoods with the lowest median rent pricing are Prairie Lake at $1,205, Wood Hill at $631, and Timbercrest At Lakeville at $1,250. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Prairie Lake$2,118$1,205416
Wood Hill$2,205$6311101
Timbercrest At Lakeville$2,214$1,250982
Donnelly Farm$2,263$1,2501251
Dakota Far Southwest Suburbs$2,920$81010641

Cheapest Available Lakeville Apartments for Rent

 

The cheapest available apartment rental in Lakeville, MN is a 1 Bed unit found at MAJESTIC COVE in the Carrollton Estates neighborhood priced from $1,165. The Felix in the Vista View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,166. Here is today’s list of the most affordable Lakeville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MAJESTIC COVEOpen living space + spacious master1BR,1BA$1,165
The FelixThe Ronan1BR,1BA$1,166
The Oaks of Lakeville1 BD / 1 BA1BR,1BA$1,250
Rosewood Manor1 Bed, 1 bath1BR,1BA$1,250
Applewoods Apartments1 Bed 1 Ba1BR,1BA$1,254
The Woods of Burnsville ApartmentsSycamore1BR,1BA$1,279
Southwind VillageA11BR,1BA$1,296
Authentix LakevilleStudio Retreat OverlookStudio,1BA$1,317
Springs at LakevilleStudio Grand OverlookStudio,1BA$1,380
Springs At Apple ValleyStudio Grand OverlookStudio,1BA$1,387

Best Value Apartments for Rent in Lakeville, MN

As of March 26, 2025 the best value apartment in the Lakeville area is the $1.27 price per square foot Spacious 3 bedroom & master walk-in closet Model at KINGSTON GREEN in the in the Cobblestone Legacy neighborhood starting from $1,915. The second greatest value Lakeville apartment is the Three Bedroom - A Model at The Legends of Apple Valley starting at $1,847 with a $1.38 price per square foot in the Cobblestone Legacy neighborhood. Here is today’s list of the best values for Lakeville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
KINGSTON GREENSpacious 3 bedroom & master walk-in closet3BR,2BA$1.27
The Legends of Apple ValleyThree Bedroom - A3BR,2BA$1.38
Hearthstone Apartments and TownhomesB2BR,2BA$1.54
Rambush Estates2 Bed, 2 Bath2BR,2BA$1.57
Lakeville WoodsWillow A1BR,1BA$1.61
Coventry Court Townhomes2 BD, 2 BA2BR,2BA$1.65
The Oaks of Lakeville1 BD / 1 BA1BR,1BA$1.60
The Woods of Burnsville ApartmentsSycamore1BR,1BA$1.66
MAJESTIC COVEOpen living space + spacious master1BR,1BA$1.61
The FelixThe Ronan1BR,1BA$1.70

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Best Local Schools in
Lakeville, MN

School data provided by Great Schools

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See the most popular apartments and homes in Lakeville, MN

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Getting Around Lakeville, MN

Walk Score®

28 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lakeville Apartments

What is a cheap apartment in Lakeville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakeville is under $1,387.

What is the price of a cheap apartment in Lakeville?

The cheapest apartment in Lakeville is MAJESTIC COVE which is listed at $1,165, while the average apartment in Lakeville costs $2,344.

What types of apartments are the cheapest in Lakeville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 822 regular apartments in Lakeville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lakeville?

Cheap apartments in Lakeville have an average cost of $278 which is $2,066 cheaper than the average rent for all rentals in Lakeville.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.