
Cheap Apartments for Rent in the Prairie Lake Neighborhood of Lakeville, MN from $1,300 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prairie Lake area of Lakeville.


Lakeville Woods

Southwind Village
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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 | $1,565 | $1,360 | $2,307 |
Prairie Lake 1 Bedroom Apartments | $1,969 | $1,534 | $3,157 |
Prairie Lake 2 Bedroom Apartments | $2,256 | $1,487 | $3,556 |
Prairie Lake 3 Bedroom Apartments | $2,602 | $1,823 | $3,761 |
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 April 23, 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 | $2.72 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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 Lakeside Flats which is listed at $1,534, while the average apartment in Prairie Lake costs $1,916.
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 $155 which is $1,761 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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.

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.