The Overlook at Crystal Lake
15315 Maple Island Rd,
Burnsville, MN 55306
Studio - 3 Beds | $1,435 - $2,775
Rental Market Trends in Lakeville, MN
Updated September 2026
The average rent in Lakeville, MN is $1,565/month.
Rent in Lakeville is roughly equal to the national average rent of of $1,665/month.
$1,565/month
Average Rent
719 Sq Ft
Average Size
-0.9%
Change / Year
747
Available Apartments
Lakeville rent varies by unit size and layout:
- Studio apartments in Lakeville average $1,473 per month.
- One-bedroom apartments in Lakeville average $1,565 per month.
- Two-bedroom apartments in Lakeville average $1,981 per month.
- Three-bedroom apartments in Lakeville average $2,647 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lakeville, MN?
In the past year, rent has decreased by 0.9%, which averages out to $14 less per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Lakeville, MN
September 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
6%
$700 - $1,000/month
18%
$1,001 - $1,500/month
59%
$1,501 - $2,000/month
18%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Lakeville?
Based on current rent prices, Crossroads and Dakota Far Southwest Suburbs" 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, Dakota Far Southwest Suburbs and Crossroads" 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 and Crossroads" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lakeville, MN?
Because the average rent in Lakeville is $1,565, you’ll want to make about $5,216 per month or $62,592 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.
View the Lakeville Area GuideStudio
-
$1,279/month
One Bedroom
-
$1,494/month
Two Bedroom
-
$1,881/month
Three Bedroom
-
$2,423/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Farmington
Avg Rent: $1,382/month
-
Apple Valley
Avg Rent: $1,537/month
-
Burnsville
Avg Rent: $1,332/month
-
Elko New Market
Avg Rent: $1,451/month
-
Savage
Avg Rent: $1,462/month
-
Rosemount
Avg Rent: $1,533/month
-
Eagan
Avg Rent: $1,474/month
Apartment Communities in Lakeville We Think You'll Love
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Frequently Asked Questions
What is the average rent in Lakeville?
The average rent in Lakeville is $1,565 per month, which is 6.0% lower than the national average of $1,665.
What is the average rent for a house in Lakeville?
The average rent for a house in Lakeville, MN is $2,225 per month.
What is the average rent for a townhome in Lakeville?
The average rent for a townhome in Lakeville, MN is $2,045 per month.
Are rents going up or down in Lakeville?
Rents in Lakeville, MN are decreasing, with prices down 0.9% year-over-year and $14 less per month.
What rent range is most common in Lakeville?
In Lakeville, MN, 59% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 September 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.
* Percentages may not total 100 due to rounding.