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Apartments for Rent in Lakeville, MN - 57 Rentals available

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Frequently Asked Questions

When were prices and availability in Lakeville, MN last updated?

Prices and availability in Lakeville, MN were last updated on 11 Jun 2021.

What are the best apartments in Lakeville, MN?

The best apartments in Lakeville, MN are: The Oaks of Lakeville, Lakeside Flats, The Edison at Spirit, The Edison at Avonlea and Lakeville Woods.

What is the average rent in Lakeville, MN?

The average rent in Lakeville, MN is $1,596. Start your search for apartments in Lakeville, MN now.

What is the price range for a studio apartment in Lakeville, MN?

The price range for a studio apartment in Lakeville, MN is between $1,225 and $2,721. View all studio apartments in Lakeville, MN.

What is the price range for a 1-bedroom apartment in Lakeville, MN?

The price range for a 1-bedroom apartment in Lakeville, MN is between $1,113 and $2,721. Browse all available 1-bedroom apartments in Lakeville, MN now.

What is the price range for a 2-bedroom apartment in Lakeville, MN?

The price range for a 2-bedroom apartment in Lakeville, MN is between $1,140 and $2,721. Browse and find a 2-bedroom apartment in Lakeville, MN.

What is the price range for a 3-bedroom apartment in Lakeville, MN?

The price range for a 3-bedroom apartment in Lakeville, MN is between $1,140 and $3,225. Browse all available 3-bedroom apartments in Lakeville, MN.

Renter’s Guide to Lakeville, MN

Located in southeastern Minnesota in Dakota County, Lakeville is bordered by the communities of Burnsville, Farmington, Prior Lake, and Elko New Market.

In 2018, Lakeville was rated #28 in Money Magazine’s 50 Best Places to Live in America list, which considered the city’s affordability, quality of life, and economic growth. It has around 15% of the population of Minneapolis, and around 42,000 more residents than the nearby community of Farmington. The city is located about 25 miles away from Minneapolis, and there are about 89 miles between Lakeville and St. Cloud.

Lakeville’s climate is humid continental, with hot and humid summers, and cold winters. Lakeville experiences large temperature differences between seasons. Summer temperatures here average around 83ºF, although it can get as hot as 108ºF. Winter temperatures in the city average about 25ºF, though temperatures can get as cold as below -41ºF. Lakeville’s average annual rainfall is around 31 inches, which falls mostly in the spring and summer months. Lakeville can be affected by flooding, droughts, and winter blizzards.

Lakeville, MN Demographics

  • Total Population63,915
  • Female 31,956
    Male 31,959
  • Median Age36.6

Cost of Living in Lakeville, MN

The Minnesota Valley Transit Authority provides bus service between Lakeville and Minneapolis/St. Paul. Regular adult cash fare is $3.25 on weekdays and $2.50 on weekends, seniors pay $1, and children 5 and under ride for free. Day passes are also available.

Lakeville Taxi, Burnsville Taxi, Epic Taxi and Limo Services, JJ Taxi and Car Service, and All Metro Airport Taxi are just some of the taxi services available in Lakeville. The average fare price is $3.13 for 1 mile, with a $5 starting cost. The average commute time in Lakeville is about 24.6 minutes, which is less than the national average of 26.1 minutes. Those who use a personal vehicle in Lakeville can expect to pay around $2.60 for 1 gallon of gasoline.

A three-course meal for two people at a mid-priced restaurant in Lakeville costs about $65. The average price of a regular cappuccino in the city is around $4.21. The price of utilities such as electricity, heating, water, and garbage for a 915 sq. ft. apartment in Lakeville is about $157.89, which is slightly higher than the national average of $152.45.

Average Rent in Lakeville, MN

  • Lakeville, MN Average Rental Price, June 2021 $1,596 /mo

Lakeville, MN Apartment Rent Ranges

  • $1,001-$1,50043%
  • $1,501-$2,00049%
  • > $2,0008%

Lakeville, MN Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Jun / 2021
Lakeville, MN $1,299 $1,299 $1,354 $1,358 $1,462 $1,445 $1,452 $1,605 $1,589 $1,596
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407

Living in Lakeville, MN

Some of the pros of living in Lakeville include a low crime rate, attractive neighborhoods, great schools, and proximity to Minneapolis/St. Paul.

Some of the cons of living here include colder winters, heavier traffic during the rush hour commute, a higher cost of living than some cities, fewer entertainment options than larger cities, and fewer public transportation options compared to larger cities.

Things to Do in Lakeville, MN

One of the many fun things to do in Lakeville is visit the Lakeville Area Arts Center, which features exhibits of works by local artists. Pieces include paintings, pottery, mixed-media, photography, and handblown glass. Art classes are also offered at the center for people of all ages and abilities.

A great activity for kids in Lakeville is spending the day at Ritter Farm Park. Some of the many activities to do here include visiting the learning center, taking nature walks, having a picnic, going fishing, and going horseback riding. The park offers sheltered picnic areas and restrooms.

Enjoying the beach at Antlers Park Beach is a great activity for couples in Lakeville. The beach, situated along Lake Marion, includes a large swimming area, a fishing pier, playground equipment, volleyball courts, and picnic areas, as well as beautiful views of the lake.

Some of the best places to shop in Lakeville include Crossroads of Lakeville, Southfork Shopping Center, Argonne Village, and Downtown Lakeville Mall. The nearby community of Burnsville also offers great shopping at Burnsville Center.

Harry’s Scratch Kitchen, PORTERHOUSE Steak & Seafood Restaurant, Barley and Vine Kitchen and Bar, Buckboard, Teresa’s Mexican Restaurant, and Pho Everest Vietnamese Restaurant are some of the best restaurants in Lakeville.

The Lakeville Arts Festival is held in the city’s downtown every fall and has booths featuring pieces by more than 100 artists. Works include paintings, performances, pottery, photographs, sculptures, jewelry, glass, and mixed-media. An outdoor stage offers live music, there are plenty of food vendors, and visitors can experience hands-on demonstrations.

Employment & Economy in Lakeville, MN

Manufacturing, retail trade, finance and insurance, professional/technical/scientific services, educational services, health care and social assistance, and accommodation and food services are Lakeville’s major industries. Many residents also commute to Minneapolis or St. Paul for work.

The Airlake Industrial Park is situated on 1,500 acres and has approximately 200 tenants that employ around 4,500 people. Businesses operating in the park range from large corporations to smaller startup companies, and everything in between.

Lakeville’s unemployment rate is about 2.4 percent, which is much lower than the national rate of 3.6 percent.

Lakeville, MN Households

  • Total Number of Households22,246
  • Family 17,647
    Non-family 4,599
  • Children 9,733
    No Children 12,513
  • Average People Per Household2.87
  • Median Household Income$110,212
  • Median Housing Costs Per Month$1,627

Education in Lakeville, MN

Three school districts operate public schools in the city: Lakeville Area School District 194, Independent School District 196, and Farmington School District 192. Some of the top schools in Lakeville include Lake Marion Elementary School, Eastview Elementary School, Century Middle School, Mcguire Middle School, Lakeville South High School, and Lakeville North High School. There are also several private schools in the area.

There are no post-secondary options in Lakeville, but residents can find colleges and universities in nearby communities. Examples include Dakota County Technical College in Rosemount, Normandale Community College in Bloomington, and Carleton College in Northfield.

Lakeville, MN Education Statistics

  • No High School1%
  • Some High School18%
  • Some College25%
  • Associate Degree11%
  • Bachelor Degree32%
  • Graduate Degree12%

Tips for Renting in Lakeville, MN

Before searching for a rental unit in Lakeville, you should consider what some of your top priorities are when it comes to where you’d like to live. Will you need a parking space? Would you prefer one bedroom or two? Do you want to be closer to amenities or a little further out? All of these things can help you determine what your preferred rental unit might cost.

Once you know what you’re looking for, it’s important to determine what you can actually afford. Keep in mind that the rent cost will likely just be one expense, and that you may need additional funds for things like a security deposit, application fees, and advanced rent. Longer-term costs might include internet, insurance, electricity, and heat. Plan appropriately so you know how much you can spend upfront and per month.

RENTCafé is your one-stop shop for finding a great new apartment in Lakeville, MN. Easily search through a wide selection of apartments for rent in Lakeville, MN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Lakeville, MN apartments with rents starting from $750 and submit your rental application today!

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