12970 Nicollet Ave
BurnsvilleMN55337
Cheap Homes for Rent in Prior Lake, MN from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Prior Lake.
753 3rd Ave E
ShakopeeMN55379
4175 Quaker Trail NE
Prior LakeMN55372
16491 Timber Crest Dr SE
Prior LakeMN55372
7542 Parkridge Way
SavageMN55378
2158 Charismatic Dr
ShakopeeMN55379
11160 Anderson Lakes Pkwy
Eden PrairieMN55344
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 | $1,904 | $1,350 | $3,500 |
| Prior Lake 3 Bedroom Homes for Rent | $2,533 | $1,995 | $3,495 |
| Prior Lake 4 Bedroom Homes for Rent | $2,902 | $2,200 | $4,995 |
| Prior Lake 5 Bedroom Homes for Rent | $5,497 | $3,000 | $10,000+ |
Browse Top Homes for Rent in Prior Lake
Explore Prior Lake
Prior Lake, MN Local Guide
- Prior Lake Neighborhoods
- Nearby Cities
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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 $1,325. Springs at Egan Drive in the Downtown Prior Lake neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,326. 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 | $1,325 |
| Springs at Egan Drive | Studio Grand Overlook | Studio,1BA | $1,326 |
| The Grainwood Senior Apartments | One Bedroom - A | 1BR,1BA | $1,336 |
Best Value Apartments for Rent in Prior Lake, MN
As of March 23, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Villas of Savage | Villas of Savage | 2BR,2BA | $1.56 |
| The Village at Five Hawks | 3BR/2.0BA | 3BR,2BA | $1.59 |
| Creekside Commons Apartments | 2BR/1.0BA | 2BR,1BA | $1.53 |
| Kestrel Village Apartments | 2 bed 1 bath | 2BR,1BA | $1.47 |
| TRIO @ southbridge | One Bedroom Plus Den - A | 1BR,1BA | $2.16 |
| Lake Ridge Apartments | 1 Bed | 1 Bath (B2) | 1BR,1BA | $1.91 |
| Springs at Egan Drive | 1 BR Designer Courtyard | 1BR,1BA | $2.14 |
| Emblem Shakopee | A1 | 1BR,1BA | $2.06 |
| The Grainwood Senior Apartments | One Bedroom - A | 1BR,1BA | $1.83 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $2.16 |
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Frequently Asked Questions about Prior Lake
What type of rentals are currently available in Prior Lake?
There are currently 47 Apartments for Rent in Prior Lake, MN with pricing that ranges from $1,289 to $2,775. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prior Lake ranging from $1,350 to $12,000.
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 $12,000 with an average monthly rent of $3,209.
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.
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.
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.