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from $1,1401 Bedroom Apartment Available Now
16829 Toronto Ave SE, Unit 207
16829 Toronto Ave SEPrior Lake, MN 55372
Cheap Apartments for Rent in Prior Lake, MN from $900 (17 Rentals)
Cheap Apartments in Prior Lake.
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from $1,2951 to 2 Bedroom Apartments Available May 9
Hearthwood Apartments
16516 Franklin Trl SEPrior Lake, MN 55372
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from $1,3251 to 2 Bedroom Apartments Available May 14
Creekside Commons Apartments
16535 Tranquility Ct SEPrior Lake, MN 55372
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from $1,3501 to 2 Bedroom Apartments Available May 7
The Village at Five Hawks
16611-16635 Five Hawks Ave SEPrior Lake, MN 55372
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from $1,4281 to 3 Bedroom Apartments Available Now
The Grainwood Senior Apartments
5119 Gateway St SEPrior Lake, MN 55372
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.
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from $1,4361 to 3 Bedroom Apartments Available Now
Jeffers Waterfront Apartments
3800 Jeffers Pky NWPrior Lake, MN 55372
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from $1,4482 to 3 Bedroom Apartments Available Now
Kestrel Village Apartments
16650 Brunswick AvePrior Lake, MN 55372
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from $1,5992 Bedroom Apartments Available Jun 1
Courtwood Village I
17092 Adelmann St SEPrior Lake, MN 55372
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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.
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Rent Specials
from $1,320Studio to 3 Bedroom Apartments Available Now
Reside
13958 Edgewood AveSavage, MN 55378
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from $1,329Studio to 3 Bedroom Apartments Available Now
Springs at Egan Drive
14125 Louisiana AveSavage, MN 55378
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from $1,340Studio to 3 Bedroom Apartments Available Now
Emblem Shakopee
1610 Emblem WayShakopee, MN 55379
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from $1,3951 to 3 Bedroom Apartments Available Now
TRIO @ southbridge
1331 Crossings BlvdShakopee, MN 55379
Prior Lake - One of the Best Affordable Neighborhoods in Minneapolis
Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!
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Showing Results 1-17, Page 1 of 1
Prior Lake, MN Local Guide
Sunset Prior Lake by Laura is licensed under CC BY 2.0
How much does it cost to rent an apartment in Prior Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prior Lake Studio Apartments | $1,387 | $1,320 | $1,553 |
| Prior Lake 1 Bedroom Apartments | $1,599 | $1,140 | $1,918 |
| Prior Lake 2 Bedroom Apartments | $2,078 | $1,448 | $2,420 |
| Prior Lake 3 Bedroom Apartments | $2,317 | $1,673 | $2,725 |
| Prior Lake 4 Bedroom Apartments | $3,111 | $2,499 | $3,609 |
Browse Top Apartments in Prior Lake
See all Apartments in Prior LakeExplore Prior Lake
Prior Lake, MN Local Guide
- Prior Lake Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Available Prior Lake Apartments for Rent
The cheapest available apartment rental in Prior Lake, MN is a Studio unit found at Reside in the Riverside Fields neighborhood priced from $1,320. Springs at Egan Drive in the Downtown Prior Lake neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,329. Here is today’s list of the most affordable Prior Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Reside | Lark (0-0) | Studio,1BA | $1,320 |
| Springs at Egan Drive | Studio Grand Overlook | Studio,1BA | $1,329 |
| TRIO @ southbridge | One Bedroom - B | 1BR,1BA | $1,395 |
| Lake Ridge Apartments | 1 Bed | 1 Bath (B2) | 1BR,1BA | $1,399 |
| The Grainwood Senior Apartments | One Bedroom - K | 1BR,1BA | $1,428 |
Best Value Apartments for Rent in Prior Lake, MN
As of May 04, 2025 the best value apartment in the Prior Lake area is the $1.58 price per square foot 2 bed 1 bath Model at Kestrel Village Apartments in the in the Downtown Prior Lake neighborhood starting from $1,448. The second greatest value Prior Lake apartment is the Two Bedroom - A Model at The Grainwood Senior Apartments starting at $1,714 with a $1.92 price per square foot in the Downtown Prior Lake neighborhood. Here is today’s list of the best values for Prior Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.58 |
| The Grainwood Senior Apartments | Two Bedroom - A | 2BR,1BA | $1.92 |
| TRIO @ southbridge | One Bedroom Plus Den - A | 1BR,1BA | $1.99 |
| Lake Ridge Apartments | 1 Bed | 1 Bath (B2) | 1BR,1BA | $1.69 |
| Emblem Shakopee | A2 | 1BR,1BA | $2.14 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $2.21 |
| 16829 Toronto Ave SE, Unit 207 | 16829 Toronto Ave SE | 1BR,1BA | $1.75 |
| Springs at Egan Drive | Studio Grand Overlook | Studio ,1BA | $2.13 |
| Reside | Lark (0-0) | Studio ,1BA | $2.28 |
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Prior Lake, MN Apartments MapPrior Lake, MN Rental Homes MapGetting Around Prior Lake, MN
Walk Score®
27 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 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 Prior Lake Apartments
What is the Cheapest Studio apartment in Prior Lake?
Currently the most affordable Cheap Studio Apartment in Prior Lake is at Reside listed at $1,320.
How much is rent for a Cheap One Bedroom Prior Lake Apartment?
The lowest price for a Cheap One Bedroom Prior Lake Apartment is $1,395 at TRIO @ southbridge.
What is the lowest price for a Cheap Two Bedroom Prior Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prior Lake is starting from $1,448 at Kestrel Village Apartments.
What is the most affordable Prior Lake Three Bedroom Apartment?
The best deal on a cheap Prior Lake Three Bedroom Apartment rental is at The Grainwood Senior Apartments and starts from $1,987.
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.
A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.
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.
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.