Rent prices in cities near Lakeville
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Lakeville, MN Demographics
- Total Population65,710
Female 32,895Male 32,815
- Median Age36
A total population of 65,710 lives in Lakeville, MN, according to data published by the U.S. Census Bureau. Population statistics show that 32,815 of Lakeville’s residents are women and 32,895 are men. The median age of the population in Lakeville, MN is 36.
Average Rent in Lakeville, MN
- Lakeville, MN Average Rental Price, July 2022 $1,739 /mo
Apartments for rent in Lakeville, MN have an average price of $1,739 per month.
Lakeville, MN Apartment Rent Ranges
Lakeville, MN Rent Trends
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Compared to the average rent in the U.S. of $1,706, the rent in Lakeville, MN is $1,739 per month.
Lakeville, MN Households
- Total Number of Households22,820
Family 17,976Non-family 4,844
Children 10,394No Children 12,426
- Average People Per Household2.87
- Median Household Income$112,020
- Median Housing Costs Per Month$1,653
According to the U.S. Census, there are 22,820 households in Lakeville, MN. The Census estimates also show that 17,976 are family households and 4,844 are non-family households. Moreover, Lakeville has 10,394 households with children in Lakeville and 12,426 households without children. On average, about 2.87 people constitute a household in Lakeville, MN. The median income of a Lakeville household living in Lakeville is $112,020 per year. The housing costs per month are estimated around $1,653.
Lakeville, MN Education Statistics
According to U.S. Census Bureau estimates, the share of residents in Lakeville, MN that have no high school education is 1%, and the share of those who went to high school is 19%. 26% of residents have some college education, 12% have an Associate Degree, while 31% have a Bachelor Degree, and a share of 11% have a Graduate Degree.
Renting a 3 bedroom apartment in Lakeville, MN
Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,111 Sq.Ft.. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Lakeville, MN, rents on 3 bedroom apartments go up to $3,926. 25 rental properties offer 3 bedroom units in Lakeville, MN to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.
Tips on finding a cheap 3 bedroom apartment in Lakeville, MN
For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $1,338 in Lakeville, MN, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like West St. Paul or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.