Lakeville

Background Image

Lakeville, MN

Area Guide

Share Guide

Minnesota’s natural splendor is always close at hand in this Twin Cities suburb.

Suburb Commuter Schools Safe Family-Friendly Parks Outdoors Golf

Twenty miles due south from downtown Minneapolis on Interstate 35 sits the large suburban community of Lakeville. Airlake Industrial Park on the south side of town is home to some 200 companies and thousands of employees. Locals enjoy the benefits of a low crime rate, top-quality schools, and huge parks and lakes everywhere. The city’s location offers residents convenient access to the Twin Cities for work or to take advantage of nearby attractions such as the Buck Hill Ski Resort (just north of town), Mall of America, Minnesota Zoo, or the area nightlife.

Rent Trends

As of April 2025, the average apartment rent in Lakeville, MN is $1,429 for a studio, $1,587 for one bedroom, $1,891 for two bedrooms, and $2,283 for three bedrooms. Apartment rent in Lakeville has increased by 1.5% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,587/month
781 Sq Ft
House
$2,703/month
1,732 Sq Ft
Townhome
$2,237/month
1,606 Sq Ft
See Rental Market Trends in Lakeville, MN

Transportation

28

Car-Dependent

out of 100 WalkScore® Rating

This area is considered a car-dependent area and most errands will require a car.

1

Minimal Transit

out of 100 TransitScore® Rating

You'll likely want a car when living in this area since it has few transit options.

39

Somewhat Bikeable

out of 100 BikeScore® Rating

You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.

Schools

Cherry View Elementary

Public

Grades K-5

883 Students

8
out of 10

East Lake Elementary School

Public

Grades PK-5

824 Students

8
out of 10

Kennedy Elementary

Public

Grades K-5

612 Students

8
out of 10

Lakeview Elementary

Public

Grades K-5

521 Students

7
out of 10

Lake Marion Elementary

Public

Grades K-5

751 Students

6
out of 10

Century Middle School

Public

Grades 6-8

931 Students

7
out of 10

McGuire Middle

Public

Grades 6-8

865 Students

6
out of 10

Kenwood Trail Middle School

Public

Grades 6-8

777 Students

5
out of 10

Lakeville Esy

Public

Grades K-12

Rating Unavailable

Lakeville South High

Public

Grades 9-12

1,906 Students

8
out of 10

Lakeville North High

Public

Grades 9-12

1,796 Students

8
out of 10

Lakeville Esy

Public

Grades K-12

Rating Unavailable

Points of Interest

Parks and Recreation

  • Buck Hill
  • Dakota City
  • Murphy-Hanrehan Park Reserve
  • Minnesota Zoo
  • Cleary Lake Regional Park

Airports

  • Minneapolis-St Paul International/Wold-Chamberlain

Top Apartments in Lakeville

Houses for Rent in Lakeville

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.