Lakeville, MN Rental Market Trends
Highlights
The average rent for an apartment in Lakeville is $1,299, a 1% increase compared to the previous year, when the average rent was $1,283.
Studio apartments in Lakeville rent for $1,080 a month, while 1-bedroom apartments ask on average $1,089 a month; the average rent for a 2-bedroom apartment is $1,324.
Average Rent in Lakeville, MN
Last updated Aug 2018
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $1,299 | $1,080 | $1,089 | $1,324 | $1,551 |
| Y-o-Y Change | 1% | -8% | 4% | n/a | 3% |
| Average Apartment Size | 1,012 sq. ft. | 755 sq. ft. | 820 sq. ft. | 1,040 sq. ft. | 1,233 sq. ft. |
The average size for a Lakeville apartment is 1,012 square feet, but this number varies greatly depending on apartment type. A studio averages 755 sq. ft., while a one-bedroom apartment offers a more generous square footage: 820. 2-bedroom apartments in Lakeville have an average size of 1,040 sq. ft.
Lakeville, MN Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Aug / 2018 | $1,299 | $1,080 | $1,089 | $1,324 | $1,551 |
| Jan / 2018 | $1,299 | $1,080 | $1,089 | $1,324 | $1,551 |
| Sept / 2017 | $1,261 | $1,096 | $1,064 | $1,281 | $1,513 |
| May / 2017 | $1,283 | $1,169 | $1,050 | $1,330 | $1,508 |
| Jan / 2017 | $1,255 | $1,159 | $1,046 | $1,282 | $1,502 |
| Sept / 2016 | $1,212 | $1,184 | $1,049 | $1,238 | $1,388 |
| May / 2016 | $1,164 | $1,184 | $982 | $1,195 | $1,354 |
| Jan / 2016 | $1,140 | $1,105 | $952 | $1,154 | $1,396 |
| Sept / 2015 | $1,139 | $950 | $964 | $1,160 | $1,351 |
| May / 2015 | $1,109 | $863 | $925 | $1,139 | $1,309 |
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How Does Lakeville Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Burnsville | $1,167 | 4% |
| Eagan | $1,211 | 5% |
| Lakeville | $1,299 | 1% |
| Apple Valley | $1,326 | 4% |
| West St. Paul | $1,018 | 5% |
| Inver Grove Heights | $1,131 | 5% |
| South St. Paul | $892 | 4% |
| Lilydale | $1,018 | 5% |
| Rosemount | $1,250 | 3% |
For more information about the Lakeville rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lakeville apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.