The Blakeley
1600 Windermere Way,
Shakopee, MN 55379
Studio - 3 Beds | $1,225 - $2,921
$1,439/month
Average Rent
729 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of December 2024, the average rent in Prior Lake, MN is $1,439 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Prior Lake rent prices are 8% lower than the national average. When you rent an apartment in Prior Lake, you can expect to pay about $1,170 per month for a studio, $1,439 for a one-bedroom apartment, and around $1,702 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,096 or more.
In the past year, rent has increased by 0.9%, which averages out to $13 more per month.
Because the average rent in Prior Lake is $1,439, you’ll want to make about $4,796 per month or $57,552 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.
Use the tool below to compare Prior Lake, 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.
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† 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.