Cheap Apartments for Rent in Prior Lake, MN from $900 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Sarazin Flats
1 Bedroom Apartments

Sarazin Flats

1575 Sarazin StShakopee, MN 55379
Student Housing
Utilities inc.
close
View Me
Louisiana Lofts
1 to 3 Bedroom Apartments

Louisiana Lofts

14977 Louisiana AveSavage, MN 55378
Student Housing
Utilities inc.
Showing Results 1-15, Page 1 of 1

Prior Lake, MN Local Guide

Cheapest Available Prior Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prior Lake, MN is a Studio unit found at Creekside Commons Apartments in the Downtown Prior Lake neighborhood priced from $999. Kestrel Village Apartments in the Downtown Prior Lake neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,348. Here is today’s list of the most affordable Prior Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Creekside Commons Apartments0BR/1.0BAStudio,1BA$999
Kestrel Village Apartments2 bed 1 bath2BR,1BA$1,348
ResideLark (0-0)Studio,1BA$1,380
Springs at Egan DriveStudio Grand OverlookStudio,1BA$1,389
Jeffers Waterfront ApartmentsThe Cabin1BR,1BA$1,415

Best Value Apartments for Rent in Prior Lake, MN and Nearby

As of February 26, 2025 the best value apartment in the Prior Lake area is the $1.56 price per square foot Villas of Savage Model at The Villas of Savage in the in the Riverside Fields neighborhood starting from $1,900. The second greatest value Prior Lake apartment is the 3BR/2.0BA Model at The Village at Five Hawks starting at $1,895 with a $1.59 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.
The Villas of SavageVillas of Savage2BR,2BA$1.56
The Village at Five Hawks3BR/2.0BA3BR,2BA$1.59
Courtwood Village 22 Bed/ 2 Bath2BR,2BA$1.72
Kestrel Village Apartments2 bed 1 bath2BR,1BA$1.47
The Grainwood Senior ApartmentsTwo Bedroom - A2BR,1BA$1.80
TRIO @ southbridgeOne Bedroom Plus Den - A1BR,1BA$2.16
Lake Ridge Apartments1 Bed | 1 Bath (B2)1BR,1BA$1.83
Springs at Egan Drive1 BR Grand Courtyard Garage1BR,1BA$2.37
Emblem ShakopeeA11BR,1BA$2.06
Jeffers Waterfront ApartmentsThe Cabin1BR,1BA$2.17

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Prior Lake, MN Rentals by Map

Decorative image of map

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

View MapPrior Lake, MN Apartments MapView MapPrior Lake, MN Rental Homes Map

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 Creekside Commons Apartments listed at $999.

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

The lowest price for a Cheap One Bedroom Prior Lake Apartment is $1,415 at Jeffers Waterfront 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 $1,348 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.

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.