Apartments for Rent in Lakeville, MN

Prices and availability in Lakeville, MN were last updated on 25 Aug 2026.

The best apartments in Lakeville, MN are: Lakeville Pointe Apartments, SouthFork Townhomes Flats, The Edison at Spirit, Lakeville Woods and Northlake Lofts.

The average rent in Lakeville, MN is $1,792.

The price range for a studio apartment in Lakeville, MN is between $1,383 and $4,771.

The price range for a 1-bedroom apartment in Lakeville, MN is between $1,227 and $4,067.

The price range for a 2-bedroom apartment in Lakeville, MN is between $1,227 and $6,843.

The price range for a 3-bedroom apartment in Lakeville, MN is between $1,499 and $5,847.

In Lakeville, 12% of the residents are renting compared to 88% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 33% of Lakeville's rentals, 48% are small-scale complexes with under 50 units, and 15% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lakeville are about 13 years old, on average. Of these, 77% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Lakeville are around 2% of rentals, while 1-bedroom floor plans represent 45% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 42% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.