Cheap Apartments for Rent in Lakeville, MN from $1,000 (41 Rentals)

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

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Village Dweller
1 to 2 Bedroom Apartments

Village Dweller

20966-20968 Holt AveLakeville, MN 55044
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Lakeside Flats
Studio to 3 Bedroom Apartments

Lakeside Flats

16255 Kenyon 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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The Apex
1 to 2 Bedroom Apartments

The Apex

15101 Greenhaven DrBurnsville, MN 55306
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Lakeville, MN Local Guide

Cheapest Neighborhoods for Apartments in Lakeville, MN

Pricing Updated: 02/18/2025

Current apartment rentals in the Lakeville, MN area range in price from $631 to $5,290 with an overall median price of $2,475. The three Lakeville neighborhoods with the lowest median rent pricing are Timbercrest At Lakeville at $1,250, Prairie Lake at $1,229, and Wood Hill at $631. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Lakeville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Timbercrest At Lakeville$2,239$1,2501051
Prairie Lake$2,293$1,229473
Wood Hill$2,407$6311164
Donnelly Farm$2,499$1,2501341
Dakota Far Southwest Suburbs$2,939$91012008

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 Woods of Burnsville Apartments in the Palomino Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,207. 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 Woods of Burnsville ApartmentsSycamore1BR,1BA$1,207
Southwind VillageA11BR,1BA$1,229
Oaks of Lakeville Apartmentsglv1br1BR,1BA$1,250
Applewoods Apartments1 Bed 1 Ba1BR,1BA$1,254
Authentix LakevilleStudio Retreat OverlookStudio,1BA$1,328
KINGSTON GREENOpen concept living with walk-out patio/balcony1BR,1BA$1,330
The FelixThe Ellicott A1BR,1BA$1,349
Rosewood Manor2 Beds, 1 bath2BR,1BA$1,350
Springs At Cobblestone LakeStudio Grand OverlookStudio,1BA$1,359

Best Value Apartments for Rent in Lakeville, MN

As of February 18, 2025 the best value apartment in the Lakeville area is the $1.75 price per square foot C2 Model at Southwind Village in the in the Dakota Far Southwest Suburbs neighborhood starting from $2,448. 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.
Southwind VillageC23BR,2BA$1.75
The Legends of Apple ValleyThree Bedroom - A3BR,2BA$1.38
Hearthstone Apartments and TownhomesB23BR,2BA$1.57
Lakeville WoodsMaple A2BR,2BA$1.58
Rambush Estates2 Bed, 2 Bath2BR,2BA$1.57
KINGSTON GREENOpen concept living with walk-out patio/balcony1BR,1BA$1.53
Rosewood Manor2 Beds, 1 bath2BR,1BA$1.69
Oaks of Lakeville Apartmentsglv1br1BR,1BA$1.60
The Woods of Burnsville ApartmentsSycamore1BR,1BA$1.56
MAJESTIC COVEOpen living space + spacious master1BR,1BA$1.61

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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 the Cheapest Studio apartment in Lakeville?

Currently the most affordable Cheap Studio Apartment in Lakeville is at Authentix Lakeville listed at $1,328.

How much is rent for a Cheap One Bedroom Lakeville Apartment?

The lowest price for a Cheap One Bedroom Lakeville Apartment is $1,165 at MAJESTIC COVE.

What is the lowest price for a Cheap Two Bedroom Lakeville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lakeville is starting from $1,325 at Oaks of Lakeville Apartments.

What is the most affordable Lakeville Three Bedroom Apartment?

The best deal on a cheap Lakeville Three Bedroom Apartment rental is at The Woods of Burnsville Apartments and starts from $1,710.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.