Cheap Apartments for Rent in the Prairie Lake Neighborhood of Lakeville, MN from $1,200 (3 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prairie Lake area of Lakeville.

Prairie Lake, Lakeville, MN Local Guide

Best Value Apartments for Rent in Prairie Lake, MN

As of March 29, 2025 the best value apartment in the Prairie Lake area is the $1.61 price per square foot Willow A Model at Lakeville Woods in the in the Donnelly Farm neighborhood starting from $1,699. The second greatest value Prairie Lake apartment is the 1-Bedroom/1-Bath Apt Model at Spero Senior Living starting at $1,580 with a $1.84 price per square foot in the Donnelly Farm neighborhood. Here is today’s list of the best values for Prairie Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lakeville WoodsWillow A1BR,1BA$1.61
Spero Senior Living1-Bedroom/1-Bath Apt1BR,1BA$1.84
Southwind VillageA11BR,1BA$1.79

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Pet Friendly Lifestyle
Prairie Lake, Lakeville, MN

Ranked #5

Among neighborhoods in Lakeville, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Prairie Lake Neighborhood in Lakeville, MN

Walk Score®

20 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Prairie Lake Apartments

What is the price of a cheap apartment in Prairie Lake?

The cheapest apartment in Prairie Lake is Southwind Village which is listed at $1,296, while the average apartment in Prairie Lake costs $2,119.

What types of apartments are the cheapest in Prairie Lake?

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 2 regular apartments in Prairie Lake 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 Prairie Lake?

Cheap apartments in Prairie Lake have an average cost of $284 which is $1,835 cheaper than the average rent for all rentals in Prairie Lake.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.