Median Age
38 Years
Largest Age Group
10-19 Years
Approximately 15% of Residents
Under 20
29%
Over 65
13%
Lakeville, MN
Area Guide
Avg Rent
$1,550
Population
76,330
Renter Mix
15% Rent
Minnesota’s natural splendor is always close at hand in this Twin Cities suburb.
Suburb
•
Commuter
•
Schools
Lakeville sits about 20 miles south of Minneapolis along Interstate 35, giving residents easy access to the Twin Cities while maintaining a quieter, more spacious pace of life. The city is surrounded by lakes and parks, making outdoor recreation a natural part of daily routine whether you're kayaking, hiking, or teeing off at one of the area's many golf courses. Commuters appreciate the straightforward drive north to Minneapolis or St. Paul, while those who prefer staying local will find plenty of dining and shopping along Kenrick Avenue and the surrounding corridors. Buck Hill Ski Resort sits just north of town, offering a nearby winter escape without the long trek.
The rental market here leans toward well-appointed apartment communities and spacious townhomes, reflecting the city's suburban character and strong demand for larger floor plans. Studios, one-bedroom, and multi-bedroom options are available across a range of newer developments. Lakeville traces its roots to a milling economy and gained early recognition in 1910 when Marion Savage built the Dan Patch Railroad Line to serve Antlers Amusement Park, a glimpse into a lively past that shaped the growing community it is today.
Explore the City
Pioneer Park in Downtown Lakeville is located in the middle of town.
A neighborhood in Lakeville.
Demographics
Median Household Income
$121,702
Average: $144,648
Education
26,751
Residents Have a Degree
Job Market
44,202
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Lakeville has more homeowners than renters.
Renters
15%
Non-Renters
85%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
32%
Other Education
68%
Rent Trends
As of May 2026, the average apartment rent in Lakeville, MN is $1,406 for a studio, $1,551 for one bedroom, $1,945 for two bedrooms, and $2,605 for three bedrooms. Apartment rent in Lakeville has increased by 1.4% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,551/month
690 Sq Ft
House
$2,902/month
2,204 Sq Ft
Townhome
$2,628/month
1,619 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Lakeville, MN is for everyday living.
Somewhat Walkable
Walkability
20
/ 100
Very Drivable
Drivability
80
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Scores provided by
Schools
Public
Grades K-5
612 Students
Public
Grades K-5
612 Students
Public
Grades K-5
883 Students
Public
Grades K-5
883 Students
Public
Grades PK-5
824 Students
Public
Grades 6-8
931 Students
Public
Grades 6-8
865 Students
Public
Grades 6-8
865 Students
Public
Grades 6-8
777 Students
Link12 Lakeville Middle School
Public
Grades 6-8
41 Students
Public
Grades 9-12
1,906 Students
Public
Grades 9-12
1,906 Students
Public
Grades 9-12
1,796 Students
Public
Grades 9-12
1,796 Students
Public
Grades K-12
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Buck Hill
- Dakota City
- Murphy-Hanrehan Park Reserve
- Minnesota Zoo
- Cleary Lake Regional Park
Commuter Rail
Military Bases
Airports
- Minneapolis-St Paul International/Wold-Chamberlain
Top Apartments in Lakeville
Houses for Rent in Lakeville
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby House 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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.