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Lakeville, MN Homes for Rent

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  • /89

    Starting at $1,573

    Total Monthly Price

    • Studio - 3 Beds

    18400 Orchard Trail, Lakeville, MN 55044

    Find your retreat at Northlake Lofts. Here you can indulge in an incredible mix of amenities that offer recreation and relaxation without the up north commute. Your cozy new apartment home delivers the rustic warmth of a lakeside retreat with convenient suburban living in Lakeville, Minnesota.

    Northlake Lofts

    18400 Orchard Trail, Lakeville, MN 55044
  • /61

    Starting at $1,831

    Total Monthly Price

    • 1 - 3 Beds

    5076 161st St W, Lakeville, MN 55044

    Where style, comfort, and timeless elegance redefine city living.

    Livery Modern Apartments

    5076 161st St W, Lakeville, MN 55044
  • /55

    Starting at $1,406

    Total Monthly Price

    • Studio - 3 Beds

    10805 173rd St W, Lakeville, MN 55044

    Located in Lakeville, MN, Arris Apartments offers studio, one, two, and three-bedroom apartment homes to elevate your living experience. Enjoy a variety of modern in-home finishes, like stainless steel appliances, quartz countertops, white cabinetry, large closets, and washer/dryer sets, as well as thoughtfully designed common spaces. Bring your pets, too we welcome all four-legged residents with

    Arris Lakeville

    10805 173rd St W, Lakeville, MN 55044
  • /55

    Starting at $1,483

    Total Monthly Price

    • Studio - 3 Beds

    16255 Kenyon Ave, Lakeville, MN 55044

    Discover serene lakeside living at Lakeside Flats, nestled along the shores of Lee Lake in Lakeville, MN. Our modern apartments offer a perfect blend of nature and comfort, featuring spacious layouts, premium finishes, and thoughtfully designed amenities. Enjoy scenic views, access to walking trails, and a welcoming community designed with your lifestyle in mind. Whether you’re enjoying time

    Lakeside Flats

    16255 Kenyon Ave, Lakeville, MN 55044
  • /50

    Starting at $1,516

    Total Monthly Price

    • Studio - 3 Beds

    17400 Glacier Way, Lakeville, MN 55044

    Springs at Lakeville is a gated, garden-style apartment community in Lakeville, Minnesota, in the Minneapolis/Twin Cities metro. Residents enjoy private entry living with an in-home washer/dryer, a private balcony or patio, and a professional onsite team. Springs at Lakeville offers studio, one, two, and three bedroom floor plans. Pricing varies by floor plan, lease length, and availability. The

    Springs at Lakeville

    17400 Glacier Way, Lakeville, MN 55044
  • /52

    Starting at $1,250

    Total Monthly Price

    • 1 - 2 Beds

    20464 Iberia Ave, Lakeville, MN 55044

    The Oaks of Lakeville offers a peaceful retreat from city life, featuring spacious and modernized apartment homes, inviting outdoor spaces, and a welcoming community. Ideally located near historic downtown Lakeville, residents enjoy easy access to restaurants, shops, and entertainment while embracing a relaxed, scenic suburban lifestyle. Whether you're looking for room to spread out, modern

    The Oaks of Lakeville

    20464 Iberia Ave, Lakeville, MN 55044
  • /48

    Starting at $1,383

    Total Monthly Price

    • Studio - 3 Beds

    11656 207th St W, Lakeville, MN 55044

    Authentix Lakeville is a garden-style apartment community in Lakeville, Minnesota, in the Minneapolis/Twin Cities metro. The community offers ground-floor, direct-entry homes with an in-home washer/dryer, a private balcony or patio, and a professional onsite team. Authentix Lakeville offers studio, one, two, and three bedroom floor plans. Pricing varies by floor plan, lease length, and

    Authentix Lakeville

    11656 207th St W, Lakeville, MN 55044
  • /24

    Starting at $1,599 Plus Fees

    • 2 - 3 Beds

    20390 Dodd Blvd, Lakeville, MN 55044

    A Great Place to Call Home!Lakeville Court is located off Country Road 50 and Dodd Boulevard- just blocks from Lake Marion Elementary School, Kenwood Trail Middle School and Lakeville North High School. Our location is key- conveniently located near a Cub Foods grocery store, many restaurants, such as Teresas and the Lakeville Brewing Company and plenty of parks! Lake Marion,

    Marion Crossing

    20390 Dodd Blvd, Lakeville, MN 55044
  • /34

    Starting at $1,581

    Total Monthly Price

    • 1 - 3 Beds

    17956 Jubilee Way, Lakeville, MN 55044

    Are you looking for a new place to call home in Lakeville, MN? SouthFork Townhomes is the immersive combination of head-turning style, luxury amenities the extraordinary location you've been searching for. Your new view awaits.At Southfork Townhomes, you can come home with confidence, thanks to our spacious 1, 2 and 3-bedroom floor plans. Every townhome features stainless steel appliances,

    SouthFork Townhomes + Flats

    17956 Jubilee Way, Lakeville, MN 55044
  • /19

    Starting at $1,455 Plus Fees

    • 1 - 3 Beds

    8500 210th St W, Lakeville, MN 55044

    Family-friendly apartments in Lakeville, top rated schools, located in downtown Lakeville, close to many restaurants, shops and entertainment.Lakevillage: spacious floorplans, attached garages, a playground, and are located close to Lakeville elementary and middle schools. *1, 2 or 3 bedroom homes *3 bedrooms have two bathrooms *Attached garages *Additional free standing garages available

    LakeVillage Apartments

    8500 210th St W, Lakeville, MN 55044
  • /35

    Starting at $1,600 Plus Fees

    • 1 Bed

    19351 Indiana Ave, Lakeville, MN 55044

    Spero Lakeville offers contemporary accommodations in a compassionate 55+ community with a variety of floor plans for you to choose from. At Spero, you will enjoy an independent lifestyle with the peace of mind that comes from living in a close-knit community of friends. We have an on-site Property Manager and are located in a quiet residential neighborhood of Lakeville, Minnesota.

    Spero Senior Living

    19351 Indiana Ave, Lakeville, MN 55044
  • /35

    Starting at $2,925

    Total Monthly Price

    • 2 - 4 Beds

    20457 Keystone Ave, Lakeville, MN 55044

    Now Leasing! Experience upscale townhome living in Lakeville, MN at The Crossing at Ritter Meadows. These new construction 2, 3, and 4-bedroom smart rental homes offer private entries, attached 2-car garages, and open layouts with 9' ceilings and energy-efficient windows. Inside, enjoy modern features like stainless steel Samsung appliances, quartz countertops, soft-close cabinetry, and in-unit

    The Crossing at Ritter Meadows

    20457 Keystone Ave, Lakeville, MN 55044
  • /35

    Starting at $1,507

    Total Monthly Price

    • 1 - 3 Beds

    7255 181st St W, Lakeville, MN 55044

    Welcome to Edison at Avonlea ApartmentsWelcome to The Edison at Avonlea Apartments, where contemporary design meets exceptional living. Located in Lakeville, MN, our apartments offer one, two, and three-bedroom floor plans, each featuring elegant finishes and modern conveniences. With open-concept layouts, modern kitchens with center islands, granite countertops, and expansive closets,

    The Edison at Avonlea

    7255 181st St W, Lakeville, MN 55044
  • /35

    Starting at $1,501

    Total Monthly Price

    • Studio - 3 Beds

    18351 Kenyon Ave, Lakeville, MN 55044

    Welcome to Lakeville Woods, located in the Prairie Lake neighborhood of Lakeville, MN. Our apartment community offers a comfortable and convenient lifestyle in one of the Twin Cities' most desirable suburban areas. Whether you're searching for apartments in Lakeville or looking to settle in a welcoming community, Lakeville Woods provides a quality living experience.We offer a range of one,

    Lakeville Woods

    18351 Kenyon Ave, Lakeville, MN 55044
  • /35

    Starting at $1,601

    Total Monthly Price

    • 1 - 3 Beds

    5181 161st St, Lakeville, MN 55044

    Discover your perfect home at The Edison at Spirit Apartments, a community designed for both comfort and convenience. Ideally located in Lakeville, MN, our apartments offer a range of modern amenities in a vibrant neighborhood. Whether you're relaxing at home or exploring the community, you'll enjoy a lifestyle that balances convenience and tranquility. Our spacious floor plans are designed with

    The Edison at Spirit

    5181 161st St, Lakeville, MN 55044
  • /35

    Starting at $1,903

    Total Monthly Price

    • 1 - 4 Beds

    16160 Kendale Dr, Lakeville, MN 55044

    Single Family Homes For Rent Available Now - Wildwood Lakeville! Experience a new kind of rental living where privacy, space, and resort-style amenities come together in one thoughtfully designed neighborhood. The townhome residences offer one-, two-, and three-bedroom layouts, each with its own private front door and an attached garage—no shared corridors, no shared entries, just a greater sense

    Wildwood Lakeville - NOW OPEN!

    16160 Kendale Dr, Lakeville, MN 55044
  • /8

    Starting at $1,750 Plus Fees

    • 3 Beds

    16075 Joplin Ave, Lakeville, MN 55044

    12 Month Lease, $1,750/mo with $1,750 deposit, Available Aug 1Availability in 16075 Joplin Unit 1 . 3 Bed 1 bath with garage stall available and included in rent.Large shared yard for use as well!Monthly rent Unit 1 rent $1,750 water and garbage are included in rent. Tenant pay gas and electric. No pets, non smoking.Tenants must apply for background and credit

    16075 Joplin Ave, Lakeville, MN 55044
  • /2

    $3,611

    Total Monthly Price

    • 4 Beds
    • 4 Baths
    • 3,299 Sq Ft
    • House for Rent

    9522 207th St W, Lakeville, MN 55044

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. Pre-lease this home now with Tricon Pre-Lease Guarantee. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 4 bedrooms, 4.0 bathrooms, and approximately 3,299 square feet, this well-maintained home offers a high standard of rental living,

    9522 207th St W, Lakeville, MN 55044
  • /10

    $2,890

    Total Monthly Price

    • 4 Beds
    • 4 Baths
    • 2,178 Sq Ft
    • House for Rent

    16599 Horizon Ave, Lakeville, MN 55044

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $2889.95. That covers your base rent, $2840.00 + our required services designed to make your life easier: Smart Home with video doorbell $40 and

    16599 Horizon Ave, Lakeville, MN 55044
  • /20

    $4,100 Plus Fees

    • 5 Beds
    • 4 Baths
    • 3,277 Sq Ft
    • House for Rent

    10221 167th St W, Lakeville, MN 55044

    Property Id: 1832341 This home has been completely remodeled with a modern new look, fresh for you! The home has a beautiful two story view of pond with walk out patio to relax on and fenced in yard. Nestled in one of the most beautiful family friendly neighborhood just minutes away from 35 for convenience but is close to park, walking trails, buck hill, shopping, restaurants and more!

    10221 167th St W, Lakeville, MN 55044
  • /17

    $3,500 Plus Fees

    • 4 Beds
    • 3 Baths
    • 2,271 Sq Ft
    • House for Rent

    7449 203rd St W, Lakeville, MN 55044

    Property Id: 1673304 New move in ready single family home! Ideal for a family seeking a spacious layout in a cul-de-sac location. Charming home with an open floor plan and beautiful kitchen. Features include white cabinets, large pantry, GE slate appliances and quartz countertops. Bedrooms and laundry located on the second floor. Main level versatile flex room with french doors, perfect

    7449 203rd St W, Lakeville, MN 55044
  • /15

    $3,000 Plus Fees

    • 4 Beds
    • 2.5 Baths
    • 2,328 Sq Ft
    • House for Rent

    8163 187th St W, Lakeville, MN 55044

    Property Id: 2738056 Welcome to this stunning single-unit property in Lakeville! This beautiful home features top-notch amenities such as a dishwasher, oven, microwave, and more. With utilities included and pet-friendly options, this is the perfect place to call home. Don't miss out on this amazing opportunity!

    8163 187th St W, Lakeville, MN 55044
  • /5

    $2,820

    Total Monthly Price

    • 4 Beds
    • 3 Baths
    • 2,230 Sq Ft
    • House for Rent

    17477 Java Ct N, Lakeville, MN 55044

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $2819.95. That covers your base rent, $2770.00 + our required services designed to make your life easier: Smart Home with video doorbell $40 and

    17477 Java Ct N, Lakeville, MN 55044
  • /20

    $3,049

    Total Monthly Price

    • 4 Beds
    • 3.5 Baths
    • 2,280 Sq Ft
    • House for Rent

    20720 Gemini Tr, Lakeville, MN 55044

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $3048.95. That covers your base rent, $2999.00 + our required services designed to make your life easier: Smart Home with video doorbell $40 and

    20720 Gemini Tr, Lakeville, MN 55044
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    $3,011

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,774 Sq Ft
    • House for Rent

    7920 Grinnell Way, Lakeville, MN 55044

    This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 3 bedrooms, 2.0 bathrooms, and approximately 1,774 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a Tricon resident, you'll enjoy access to Tricon Vantage — a program designed to support your rental

    7920 Grinnell Way, Lakeville, MN 55044
  • /20

    $2,200 Plus Fees

    • 3 Beds
    • 2 Baths
    • 1,192 Sq Ft
    • House for Rent

    16112 Foliage Ave W, Rosemount, MN 55068

    Welcome to your next home at 16112 Foliage Ave West in the charming neighborhood of Rosemount! This delightful 3-bedroom, 2-bathroom townhouse is perfect for those looking for comfort and convenience. With 1,192 square feet of living space, you'll have plenty of room to spread out and make it your own.This home is pet-friendly, allowing cats and small dogs (50lb HOA limit), so your furry

    16112 Foliage Ave W, Rosemount, MN 55068
  • /20

    $3,400 Plus Fees

    • 3 Beds
    • 3.5 Baths
    • 2,646 Sq Ft
    • House for Rent

    22516 Natchez Ave, Lakeville, MN 55044

    Property Id: 2785848 Escape to your own private sanctuary on 10 secluded acres along Sweet Briar Lake. This serene, nature-filled property offers comfort and tranquility, ideal for those who love peace, quiet, and room to breathe. Enjoy filtered kitchen water, a screened 3-season porch with lake views, rentable pole barn storage, and space for a veggie garden. Lease Terms: 12-month

    22516 Natchez Ave, Lakeville, MN 55044
  • /20

    $3,606

    Total Monthly Price

    • 5 Beds
    • 3 Baths
    • 3,043 Sq Ft
    • House for Rent

    5 Oak Shore Dr, Burnsville, MN 55306

    This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 5 bedrooms, 3 bathrooms, and approximately 3,043 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a Tricon resident, you'll enjoy access to Tricon Vantage — a program designed to support your rental journey.

    5 Oak Shore Dr, Burnsville, MN 55306
  • /23

    $2,295

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,400 Sq Ft
    • Townhouse for Rent

    17495 Gettysburg Way, Lakeville, MN 55044

    17495 Gettysburg Way Lakeville, MN 55044Rental Property 5035, 3BROPEN CONCEPT two level townhome.Main floor features:New LVP flooring & New paintFireplaceKitchen with stainless and granite and plenty of cabinet spaceUpstairs:LaundryMain full bath3 bedrooms -owners suite has a walk in closet and private full bath to

    17495 Gettysburg Way, Lakeville, MN 55044
  • /24

    $2,050

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,502 Sq Ft
    • Townhouse for Rent

    16134 Foliage Ave W, Rosemount, MN 55068

    Newly remodeled and updated row home in super convenient school district 196 neighborhood. Home features, new carpet, paint, flooring, and light fixtures. Recently updated kitchen, baths and most of the mechanicals. Tons of natural light throughout the home due to many windows. Three bedrooms on one level. All bedrooms are good size, with large closets. Master bedroom has a large walk-in closet.

    16134 Foliage Ave W, Rosemount, MN 55068
  • /18

    $2,900

    Total Monthly Price

    • 3 Beds
    • 3 Baths
    • 1,894 Sq Ft
    • Townhouse for Rent

    16481 Jaffna Place, Lakeville, MN 55044

    Beautiful 3-bedroom, 3-bathroom townhome in North Lakeville, built in April 2024 with 1,894 sq. ft. of living space. The main level features an open-concept kitchen, dining, and living area, with a kitchen island, pantry, and stainless steel appliances. All three bedrooms and the laundry room are located upstairs for added convenience.The spacious primary suite includes a private bathroom

    16481 Jaffna Place, Lakeville, MN 55044
  • /17

    $2,350

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,224 Sq Ft
    • Townhouse for Rent

    17395 Gettysburg Way, Lakeville, MN 55044

    - Spacious 3-bedroom townhouse- Large end unit with natural light- Patio with large yard- Open floor plan with all stainless-steel appliances- 2+ (tandem) stall garage- New carpet in upper-level- Perfect location: at the corner of Cedar & Dodd located behind Cub Foods- Shopping and restaurants within walking distance- Gas fireplace- In unit washer/dryer- NO

    17395 Gettysburg Way, Lakeville, MN 55044
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    $3,990 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,150 Sq Ft
    • House for Rent

    16634 Imperial Ct, Lakeville, MN 55044

    FULLY FURNISHED Executive Golf Course Home | Lakeville | Available June 1 Experience refined executive living on the first hole of Crystal Lake Golf Course. This fully furnished, professionally designed home offers a rare blend of comfort, privacy, and turnkey convenience. Ideal for corporate relocation, executives, or discerning long-term guests. Beautifully updated and fully furnished executive

    James Shabaz, GRI RES Realty

    16634 Imperial Ct, Lakeville, MN 55044
  • /14

    $2,195

    Total Monthly Price

    • 5 Beds
    • 2 Baths
    • 2,196 Sq Ft
    • House for Rent

    7225 168th St W, Lakeville, MN 55044

    This spacious 5 bedroom split level single family home features hardwood floors, fenced backyard with a great deck for entertaining. This house has a large family room with a fireplace. Available April 1st, to be available sooner if needed. Hurry, this one won't last! This spacious 5 bedroom split level single family home features hardwood floors, fenced backyard with a great deck for

    7225 168th St W, Lakeville, MN 55044
  • /14

    $2,345 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,424 Sq Ft
    • Townhouse for Rent

    17397 Glacier Way, Lakeville, MN 55044

    Welcome to this beautiful end unit townhome in a small, quiet neighborhood of just 40 units. Enjoy new waterproof LVP flooring throughout and a cozy gas-burning fireplace in the living room with vaulted ceilings. The attached 2-car garage provides convenience, and the spacious loft office area overlooks the living room. Located close to shopping, restaurants, and Cedar Ave for easy commuting.

    Steve Rajavuori REI Real Estate & Prop Mgmt

    17397 Glacier Way, Lakeville, MN 55044
  • /21

    $2,250

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,450 Sq Ft
    • Townhouse for Rent

    16940 Glencoe Ave, Lakeville, MN 55044

    For a video tour of this home, please contact the listing agent Kyle, or search the address “16940 Glencoe Avenue, Lakeville” in YouTube.Beautifully maintained split-level twin home in a quiet Lakeville neighborhood offering 3 bedrooms, 2 bathrooms, and an attached 2-car garage with no HOA. The bright main level features a spacious living room, an updated kitchen with oak cabinetry, tile

    16940 Glencoe Ave, Lakeville, MN 55044
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    $2,745 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,809 Sq Ft
    • Townhouse for Rent

    18442 Lafayette Way Unit 628E, Lakeville, MN 55044

    Spacious two-story home in an incredible location steps from Lake Marion Home Features:Soaring great room with custom gas fireplaceUpper-level laundryStainless steel appliancesAttached, two-car garageOpen, functional floor planLarge patio with views Located on a private corner lot at the end of a cul-de-sac with only one attached neighbor.SO MANY trails, beaches, and

    Maria Thieling Cobalt Property Management LLC

    18442 Lafayette Way Unit 628E, Lakeville, MN 55044
  • /55

    $4,364

    Total Monthly Price

    • 7 Beds
    • 4 Baths
    • 4,300 Sq Ft
    • House for Rent

    19176 Ittabena Way, Lakeville, MN 55044

    Available August 1st is the superb listing brought to you by the Ted Daley Real Estate Group and Renosy by Renters Warehouse. Discover unparalleled luxury at 19176 Ittabena Way in Lakeville, MN! This expansive 7-bed, 4-bath home offers 4,300 sq ft of elegantly designed living space, perfect for those seeking room to grow.Nestled in a coveted neighborhood, you'll enjoy proximity to

    19176 Ittabena Way, Lakeville, MN 55044
  • /34

    $2,295 Per Month

    • 2 Beds
    • 2 Baths
    • 1,605 Sq Ft
    • Townhouse for Rent

    18265 Kerrville Trail Unit 309, Lakeville, MN 55044

    Welcome to 18265 Kerrville Trail, a well-maintained 2 bed 2 bath Lakeville townhome with a bright, open layout and low-maintenance living. The main level features vaulted ceilings, a floor-to-ceiling stone fireplace, and a functional kitchen with stainless steel appliances, granite countertops and great flow for everyday living or entertaining. A rare main-level bedroom and laundry add

    Emily Lahr Coldwell Banker Realty - Lakes

    18265 Kerrville Trail Unit 309, Lakeville, MN 55044
  • /22

    $2,750

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 2,000 Sq Ft
    • Charming 4-Bed Lakeville Home with Spacious 2000 Sq Ft & Gleaming Neighborhood!"

    17090 Grenadier Ave, Lakeville, MN 55044

    Illuminated by abundant natural light, this charming home at 17090 Grenadier Avenue in Lakeville, MN, offers a serene retreat with its spacious 2,000 sq ft layout. Boasting four generous bedrooms, this residence is perfect for those who value comfort and functionality. The gleaming hardwood floors throughout the home create a warm and inviting atmosphere, making every room feel timeless and

    17090 Grenadier Ave, Lakeville, MN 55044

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Why Live in Lakeville

Lakeville, Minnesota, is a Twin Cities suburb known for suburban living and easy access to lakeside fun. Parks are a big part of daily life, especially around Lake Marion, where people spend time fishing, boating and relaxing on the beach. Antlers Park has a swimming beach and a pier, while Juno Trail runs along the western shore and links joggers and bikers to nearby green spaces like Casperson Park. Aronson Park serves as a community sports hub, and Steve Michaud Park is known for its zip line. Ritter Farm Park draws horse owners for its equestrian trails. Home styles include ramblers, split-levels, traditional two-story houses and New Traditional homes, many built after 1980. Most students fall under Lakeville Area Schools, a highly rated district, while others are served by Rosemount-Apple Valley-Eagan Public Schools or Farmington Area Schools. Downtown Lakeville is home to restaurants like Lakeville Brewing Company, The Better Half, Dairy Delite, B-52 Burgers and Brew and Tapestry Coffee. Interstate 35 provides a direct route to downtown Minneapolis, about 25 miles away. Minneapolis-Saint Paul International Airport is around 20 miles away. Minnesota Valley Transit Authority buses give commuters more options.

Frequently Asked Questions

How much does it cost to rent a home in Lakeville, MN?
The median rent for a home in Lakeville, MN is $2,770 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Lakeville, MN?
To comfortably afford the median rent in Lakeville, MN, a household needs to earn roughly $110,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,770 per month in Lakeville, MN, renters typically need to show $8,310 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lakeville, MN?
In Lakeville, MN, the price-to-rent ratio is 15.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lakeville, MN are best for renting a home?
The best neighborhood for renting in Lakeville, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Galaxie Commons, Cobblestone Lake, West Bloomington, South Loop and Downtown Apple Valley, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
51
Median Rent
$2,770
Median Single Family Home Rent
$3,000
Median Townhouse Rent
$2,373
How to Rent a Home