Overlook at Crystal Lake
15315 Maple Island Rd,
Burnsville, MN 55306
$1,360 - $2,605 Total Monthly Price
Studio - 3 Beds | 12 Month Lease
Rental Market Trends in Lakeville, MN
What is the average rent in Lakeville, MN?
$1,547/month
Average Rent
690 Sq Ft
Average Apartment Size
+1.4%
Increase in the Last Year
Lakeville, MN Rental Market Overview
The average rent in Lakeville, MN is $1,547 per month. For comparison, the national average rent price in the US is currently $1,644/month, which means Lakeville rent prices are 6% lower than the national average.
- Studio apartments in Lakeville average $1,408 per month.
- One-bedroom apartments in Lakeville average $1,547 per month.
- Two-bedroom apartments in Lakeville average $1,941 per month.
- Three-bedroom apartments in Lakeville average $2,597 or more per month.
Data Updated: June, 2026
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 1.4%, which averages out to $22 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 June 2026
Legend
2025
2026
Rent Ranges in Lakeville, MN
Last Updated June 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
6%
$700 - $1,000/month
19%
$1,001 - $1,500/month
62%
$1,501 - $2,000/month
12%
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, Crossroads and Prairie Lake 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, Timbercrest At Lakeville 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, Crossroads and Prairie Lake .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lakeville, MN?
Because the average rent in Lakeville is $1,547, you’ll want to make about $5,156 per month or $61,872 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
$1,257/month
$1,442/month
One Bedroom
$1,465/month
$1,675/month
Two Bedroom
$1,822/month
$1,957/month
Three Bedroom
$2,307/month
$2,337/month
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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 June 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.