The Overlook at Crystal Lake
15315 Maple Island Rd,
Burnsville, MN 55306
Studio - 3 Beds | $1,441 - $3,048
Rental Market Trends in Lakeville, MN
What is the average rent in Lakeville, MN?
$1,579/month
Average Rent
781 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of February 2025, the average rent in Lakeville, MN is $1,579 per month. For comparison, the national average rent price in the US is currently $1,556/month, which means Lakeville rent prices are 1% higher than the national average. When you rent an apartment in Lakeville, you can expect to pay about $1,480 per month for a studio, $1,579 for a one-bedroom apartment, and around $1,857 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,342 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lakeville, MN?
In the past year, rent has increased by 0.9%, which averages out to $15 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Lakeville, MN
Last Updated February 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
7%
$700 - $1,000/month
20%
$1,001 - $1,500/month
67%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lakeville?
Based on current rent prices, Dakota Far Southwest Suburbs, Timbercrest At Lakeville and Crossroads are the most affordable neighborhoods in Lakeville.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lakeville?
Based on current rent prices, Prairie Lake, Crossroads and Timbercrest At Lakeville are the most expensive neighborhoods in Lakeville.
Neighborhood
Average Rent
Average Sq Ft
Which Lakeville neighborhoods have the most rentals available?
The neighborhoods in Lakeville with the most apartments available are Dakota Far Southwest Suburbs, Crossroads and Timbercrest At Lakeville .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lakeville, MN?
Because the average rent in Lakeville is $1,579, you’ll want to make about $5,263 per month or $63,156 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lakeville, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Lakeville, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,273/month
$1,529/month
One Bedroom
$1,445/month
$1,746/month
Two Bedroom
$1,775/month
$1,946/month
Three Bedroom
$2,221/month
$2,455/month
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.