12970 Nicollet Ave
BurnsvilleMN55337
Cheap Homes for Rent in Prior Lake, MN from $1,100 (2 Rentals)
Search the lowest-cost Homes available for rent right now in Prior Lake.
753 3rd Ave E
ShakopeeMN55379
Prior Lake
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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Prior Lake, MN Local Guide
Sunset Prior Lake by Laura is licensed under CC BY 2.0
How much does it cost to rent a home in Prior Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prior Lake 2 Bedroom Homes for Rent | $1,955 | $1,350 | $3,400 |
| Prior Lake 3 Bedroom Homes for Rent | $2,477 | $1,995 | $3,495 |
| Prior Lake 4 Bedroom Homes for Rent | $3,047 | $2,150 | $4,995 |
| Prior Lake 5 Bedroom Homes for Rent | $3,936 | $2,700 | $4,995 |
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Prior Lake, MN Local Guide
- Prior Lake Neighborhoods
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Best Value Apartments for Rent in Prior Lake, MN and Nearby
As of April 08, 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 $1,348 with a $1.47 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. |
|---|---|---|---|
| Courtwood Village 2 | 2 Bed/ 2 Bath | 2BR,2BA | $1.72 |
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.47 |
| Lake Ridge Apartments | 1 Bed | 1 Bath (B2) | 1BR,1BA | $1.76 |
| Emblem Shakopee | A2 | 1BR,1BA | $2.04 |
| The Grainwood Senior Apartments | One Bedroom - A | 1BR,1BA | $1.83 |
| TRIO @ southbridge | One Bedroom - B | 1BR,1BA | $2.20 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $2.21 |
| Springs at Egan Drive | Studio Grand Overlook | Studio ,1BA | $2.23 |
| Reside | Lark (0-0) | Studio ,1BA | $2.24 |
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Frequently Asked Questions about Prior Lake
What type of rentals are currently available in Prior Lake?
There are currently 46 Apartments for Rent in Prior Lake, MN with pricing that ranges from $1,289 to $2,775. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prior Lake ranging from $1,350 to $4,995.
What is the current price range for Rental Homes in Prior Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prior Lake ranges from $1,350 to $4,995 with an average monthly rent of $2,853.
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.
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.
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.