What is the average apartment size in Lakeville?

The average size for a Lakeville, MN apartment is 962 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Lakeville?

As of Oct / 2025, the average rent in Lakeville is $1,859 per month, a 2.71% increase from last year’s average of $1,810.

How much does rent cost by apartment size in Lakeville?

In Lakeville, studios rent for $1,326 per month, one-bedroom units average $1,638 per month, two-bedrooms cost around $2,000 per month, and three-bedroom apartments rent for about $2,422 per month

What is the average apartment size in Lakeville?

The typical apartment in Lakeville offers about 962 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Lakeville?

Studio apartments in Lakeville average 566 sq. ft., one-bedrooms offer 787 sq. ft., two-bedrooms are about 1,096 sq. ft., and three-bedroom apartments average 1,323 sq. ft.

Lakeville, MN Rental Market Trends

Q: What's the typical rent budget in Lakeville?

The typical rent budget in Lakeville ranges from $1,501 to $2,000 per month, with 62% of rentals in this range.

Q: Do most people rent or own in Lakeville?

In Lakeville, 12% of households rent while 88% own their homes, based on the latest U.S. Census data.

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Lakeville is $1,859, a 2.71% increase compared to the previous year, when the average rent was $1,810.

Studio Apartments at $1,326 offer the most budget-friendly option with 566 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 787 square feet for $1,638, balancing privacy and affordability.

Two-beedroom units at $2,000 offer 1,096 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,323 sq ft) for $2,422, suitable for larger households.

Average rent in Lakeville, MN

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,859	962 sq. ft.
Studio	$1,326	566 sq. ft.
1 Bed	$1,638	787 sq. ft.
2 Beds	$2,000	1,096 sq. ft.
3 Beds	$2,422	1,323 sq. ft.

Lakeville, MN rent trends

Rental prices in Lakeville, MN have increased by 2.71% over the past year. The average rent moved from $1,810 to $1,859.

What's the typical rent budget in Lakeville, MN?

The largest share of rentals in Lakeville, MN (62%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Lakeville, MN?

3,038 or 12% of the households in Lakeville, MN are renter-occupied while 21,921 or 88% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Lakeville Compares to Other Cities

City	Average Rent
Lakeville	$1,859
Minneapolis	$1,674
St. Paul	$1,512
Moorhead	$1,074
Rochester	$1,651
Bloomington	$1,652
St. Cloud	$1,155
Mankato	$1,392
St. Louis Park	$1,780
Edina	$1,841
Minnetonka	$1,923
Woodbury	$2,140
Burnsville	$1,569
Eagan	$1,693
Eden Prairie	$1,765
Roseville	$1,443
Maplewood	$1,456
Hopkins, MN	$1,575
Shakopee	$1,698
West St. Paul	$1,319
Chaska, MN	$1,732

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lakeville apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.