
Cheap Apartments for Rent in the Prairie Lake Neighborhood of Lakeville, MN from $1,100 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prairie Lake area of Lakeville.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Lakeville Woods
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Southwind Village
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Prairie Lake, Lakeville, MN Local Guide

How much does it cost to rent an apartment in Prairie Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Prairie Lake Studio Apartments | $1,597 | $1,184 | $2,295 |
Prairie Lake 1 Bedroom Apartments | $1,805 | $1,259 | $2,560 |
Prairie Lake 2 Bedroom Apartments | $2,251 | $1,497 | $3,535 |
Prairie Lake 3 Bedroom Apartments | $3,448 | $2,518 | $4,777 |
Explore Lakeville
Prairie Lake, Lakeville, MN Local Guide
- Nearby Lakeville neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Prairie Lake, MN
As of May 14, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Lakeville Woods | Willow A | 1BR,1BA | $1.61 |
Spero Senior Living | 1-Bedroom/1-Bath Apt | 1BR,1BA | $1.84 |
Lakeside Flats | Amber - Alcove | Studio ,1BA | $2.41 |
Southwind Village | S1 | Studio ,1BA | $2.37 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestylePrairie Lake, Lakeville, MN
Ranked #5
Among neighborhoods in Lakeville, MN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
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 Prairie Lake Apartments
What is a cheap apartment in Prairie Lake?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prairie Lake is under $1,699.
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 $2,587.
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.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.