Cheap Apartments for Rent in Prior Lake, MN from $900 (17 Rentals)

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

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Courtwood Village 2
2 Bedroom Apartments

Courtwood Village 2

17088 Adelmann St SEPrior Lake, MN 55372
  • Utilities Included
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Sarazin Flats
1 Bedroom Apartments

Sarazin Flats

1575 Sarazin StShakopee, MN 55379
  • Utilities Included

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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Louisiana Lofts
1 to 3 Bedroom Apartments

Louisiana Lofts

14977 Louisiana AveSavage, MN 55378
  • Utilities Included
Showing Results 1-17, Page 1 of 1

Prior Lake, MN Local Guide

Cheapest Available Prior Lake Apartments for Rent

 

The cheapest available apartment rental in Prior Lake, MN is a 1 Bed unit found at The Grainwood Senior Apartments in the Downtown Prior Lake neighborhood priced from $1,336. Springs at Egan Drive in the Downtown Prior Lake neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,388. Here is today’s list of the most affordable Prior Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Grainwood Senior ApartmentsOne Bedroom - D1BR,1BA$1,336
Springs at Egan DriveStudio Grand OverlookStudio,1BA$1,388
ResideLark (0-0)Studio,1BA$1,390
Jeffers Waterfront ApartmentsThe Cabin1BR,1BA$1,436
Lake Ridge Apartments1 Bed | 1 Bath (B2)1BR,1BA$1,439

Best Value Apartments for Rent in Prior Lake, MN

As of April 18, 2025 the best value apartment in the Prior Lake area is the $1.72 price per square foot 2 Bed/ 2 Bath Model at Courtwood Village 2 in the in the Downtown Prior Lake neighborhood starting from $1,649. The second greatest value Prior Lake apartment is the 2 bed 1 bath Model at Kestrel Village Apartments starting at $1,448 with a $1.58 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Courtwood Village 22 Bed/ 2 Bath2BR,2BA$1.72
Kestrel Village Apartments2 bed 1 bath2BR,1BA$1.58
Lake Ridge Apartments1 Bed | 1 Bath (B2)1BR,1BA$1.74
Emblem ShakopeeA21BR,1BA$2.10
The Grainwood Senior ApartmentsOne Bedroom - A1BR,1BA$1.83
TRIO @ southbridgeOne Bedroom - B1BR,1BA$2.20
Jeffers Waterfront ApartmentsThe Cabin1BR,1BA$2.21
Springs at Egan DriveStudio Grand OverlookStudio ,1BA$2.23
ResideLark (0-0)Studio ,1BA$2.40

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See the most popular apartments and homes in Prior Lake, MN

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Getting 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 Springs at Egan Drive listed at $1,388.

How much is rent for a Cheap One Bedroom Prior Lake Apartment?

The lowest price for a Cheap One Bedroom Prior Lake Apartment is $1,336 at The Grainwood Senior Apartments.

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 $1,860.

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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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.

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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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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.

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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.