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Lakeville, MN Homes for Rent

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  • /89

    Starting at $1,698

    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 $1,807

    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 $1,614

    Total Monthly Price

    • 1 - 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 $1,471

    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 $1,295

    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 $1,333

    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
  • /34

    Starting at $1,656

    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
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    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
  • /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 $1,568

    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 $1,499

    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 $1,614

    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
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    Call for Price

    • 1 - 4 Beds

    16160 Kendale Dr, Lakeville, MN 55044

    Wildwood Lakeville

    16160 Kendale Dr, Lakeville, MN 55044
  • /19

    $2,250 Plus Fees

    • 2 Beds
    • 3 Baths
    • 1,650 Sq Ft
    • Townhouse for Rent

    20048 Heritage Dr, Lakeville, MN 55044

    Property Id: 1370012 Pets are Welcome. We can work with minor credit issues. This stunning 2-bed, 3-bath residence boasts elegance and convenience. Enjoy the luxury of 3 Bathrooms (2 full bath), 2-car garage, basement storage, and all-new appliances. Embrace seamless living with easy freeway access (highway 77 and I 35) and proximity to Heritage Center, Cub Foods, library, and

    20048 Heritage Dr, Lakeville, MN 55044
  • /20

    $4,499 Plus Fees

    • 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
  • /17

    $3,600 Plus Fees

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

    7449 203rd St W, Lakeville, MN 55044

    Property Id: 1673304New 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
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    $2,095

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,544 Sq Ft
    • Townhouse for Rent

    16106 Joplin Way, Lakeville, MN 55044

    This property at 16106 Joplin Way features 3 bedrooms and 2 bathrooms within a total of 1,544 square feet. The kitchen is equipped with a dishwasher and offers ample storage space. The living room includes a fireplace, providing a cozy atmosphere. Each bathroom is fitted with a tub/shower combination. The exterior includes a yard and a deck, suitable for outdoor activities. Additional amenities

    16106 Joplin Way, Lakeville, MN 55044
  • /17

    $3,995

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,025 Sq Ft
    • Townhouse for Rent

    4992 161st St W, Lakeville, MN 55044

    Upscale 3-bedroom townhome in the sought-after Spirit of Brandtjen Farm community! This home is move in ready and includes many upgrades such as a custom gas fireplace with stone surround designed by Fireplace Hearth & Home, walk-in closet designed by California Closets, Custom Shades on all windows by The Shade Store (black out shades in all bedrooms and remote control shades in primary bedroom

    4992 161st St W, Lakeville, MN 55044
  • /20

    $4,000

    Total Monthly Price

    • 5 Beds
    • 4.5 Baths
    • 3,100 Sq Ft
    • House for Rent

    18415 Jamaica Path, Lakeville, MN 55044

    Beautifully remodeled 5-Bedroom Home for Rent in Lakeville.Located on a quiet cut-de-sac in one of Lakeville's most sought-after neighborhoods, this fully remodeled home offers 5 bedrooms, 4.5 bathrooms, and plenty of space for comfortable living.Features Include:*5 Bedrooms*4.5 Bathrooms*Walk-in closets*Fully finished basement featuring a luxury sauna and steam

    18415 Jamaica Path, Lakeville, MN 55044
  • /17

    $2,500

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,900 Sq Ft
    • Townhouse for Rent

    16199 Flagstaff Ct S, Rosemount, MN 55068

    Beautiful split-level townhome located in a quiet, well-maintained neighborhood, offering 4 bedrooms and 2 full bathrooms. The upper level features 2 bedrooms and 1 full bath, while the lower level includes 2 smaller bedrooms and a second full bath, providing a flexible layout ideal for families or shared living.Additional highlights include an in-unit washer and dryer, an attached

    16199 Flagstaff Ct S, Rosemount, MN 55068
  • /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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    $2,800

    Total Monthly Price

    • 4 Beds
    • 3 Baths
    • 1,975 Sq Ft
    • Townhouse for Rent

    17082 Dysart Place, Lakeville, MN 55044

    Indulge in luxury and comfort with this exquisite 4-bedroom, 3-bathroom end unit townhouse. Your dream home awaits, complete with access to an exceptional clubhouse and all its premium amenities. Conveniently located near a vibrant shopping complex, every need is met effortlessly. Plus, with HOA fees included in the rent, enjoy hassle-free living and peace of mind. Welcome to your perfect

    17082 Dysart Place, Lakeville, MN 55044
  • /42

    $3,350

    Total Monthly Price

    • 2 Beds
    • 2.5 Baths
    • 1,895 Sq Ft
    • Townhouse for Rent

    5017 161st St W, Lakeville, MN 55044

    OPEN HOUSE THIS SUNDAY (5/31) FROM 2:30-4:00 PM!Luxury end-unit townhome available in the highly desirable Spirit of Brandtjen Farms community in Lakeville. Built in 2023, this upgraded home offers nearly 1,900 square feet of bright, urban-inspired, modern living space with high-end finishes throughout.The open-concept main level features luxury vinyl plank flooring, quartz

    5017 161st St W, Lakeville, MN 55044
  • /2

    $2,350

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,465 Sq Ft
    • Townhouse for Rent

    7816 Upper 167th St W, Lakeville, MN 55044

    Nice 3 bedroom 2 bathroom property with large fenced yard. Easy access to freeway Tenant pays for all utilities

    7816 Upper 167th St W, Lakeville, MN 55044
  • /7

    $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
  • /7

    $1,875 Per Month

    • 3 Beds
    • 2 Baths
    • 1,056 Sq Ft
    • Property for Rent

    733 Juliet Dr Unit 193, Lakeville, MN 55044

    Ardmor Village a professionally managed, well-maintained manufactured home community, currently has a beautiful 1056 sq. ft. home with 3 bedrooms and 2 bathrooms for sale. Call today to learn about our current incentives and offers. Don't pass up on your chance to live in one of the state's most attractive areas. Call and schedule a viewing of this home and ask about our flexible financing

    Tori Coil Ardmor Village

    733 Juliet Dr Unit 193, Lakeville, MN 55044
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    $3,150

    Total Monthly Price

    • 4 Beds
    • 3.5 Baths
    • 2,402 Sq Ft
    • Amazing updated 4 bed house in Lakeville!

    18031 Headwaters Dr, Lakeville, MN 55044

    Another amazing rental opportunity brought to you by the Dreamteam powered by Meta Realty!A welcoming environment is paramount to all of our residents. To help ensure ALL of our residents understand our pet and animal-related policies, we use a third-party screening service and require EVERYONE to complete a profile (No Pet/Pet/Animal). This process ensures we have formalized pet and

    18031 Headwaters Dr, Lakeville, MN 55044
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    $3,850 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,025 Sq Ft
    • Townhouse for Rent

    5034 161st St W, Lakeville, MN 55044

    What if luxury living came with a true sense of community? In a market filled with cookie cutter townhomes, this home offers something different. Set within the award winning Spirit of Brandtjen Farm community, this multi level luxury residence was designed around the way people actually want to live today: connected, elevated, and experience driven. The gourmet kitchen anchors the main level

    Miguel Lopez Pliego Compass

    5034 161st St W, Lakeville, MN 55044
  • /5

    $2,695

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,883 Sq Ft
    • Townhouse for Rent

    17928 Giants Way, Lakeville, MN 55044

    PICS ARE REPRESENTATION OF MODEL HOME. This beautiful END HOME and features an open concept floorplan complete with gas fireplace and all appliances are included. Gorgeous kitchen with the most popular interior finishes; white quartz countertops, white cabinets and gas range...an entertainer's dream! Upstairs you will find a stunning owner's suite with private bath featuring an oversized shower.

    17928 Giants Way, Lakeville, MN 55044
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    $2,095 Per Month

    • 3 Beds
    • 2 Baths
    • 1,120 Sq Ft
    • Property for Rent

    801 Macbeth Cir Unit 207, Lakeville, MN 55044

    Ardmor Village a professionally managed, well-maintained community, currently has a beautiful 1120 sq. ft. home with 3 bedrooms and 2 bathrooms for sale. Call today to learn about our current incentives and offers. Don't pass up on your chance to live in one of the state's most attractive areas. Call and schedule a viewing of this home and ask about our flexible financing options! Lot Rent $895

    Tori Coil Ardmor Village

    801 Macbeth Cir Unit 207, Lakeville, MN 55044
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    $1,700

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,181 Sq Ft
    • Newly Refreshed Lower Level of Duplex 2 bedroom, 1 bath

    9830 Upper 161st St W, Lakeville, MN 55044

    Newer Carpet, freshly painted lower level in duplex.2 bedrooms and 1 BathroomBeautiful natural light with large kitchen and new appliancesOpen backyard shared with unit aboveOne garage stall, storage space and shared washer and dryer (no charge)Quiet neighborhood conveniently located near 35W with shopping and dining nearbyWalking distance to

    9830 Upper 161st St W, Lakeville, MN 55044
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    $1,785 Per Month

    • 3 Beds
    • 2 Baths
    • 1,056 Sq Ft
    • Property for Rent

    504 Juliet Dr Unit 155, Lakeville, MN 55044

    Ardmor Village a professionally managed, well-maintained manufactured home community, currently has a beautiful 1056 sq. ft. home with 3 bedrooms and 2 bathrooms for sale. Call today to learn about our current incentives and offers. Don't pass up on your chance to live in one of the state's most attractive areas. Call and schedule a viewing of this home and ask about our flexible financing

    Tori Coil Ardmor Village

    504 Juliet Dr Unit 155, Lakeville, MN 55044
  • /12

    $2,700

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,062 Sq Ft
    • Townhouse for Rent

    7023 181st St W, Lakeville, MN 55044

    Beautiful Like-New Townhome in Prime Lakeville Location !!Welcome to this gorgeous, like a brand new town home located in prime spot in Lakeville. The house has a contemporary design with hardwood floors, a bright and big kitchen, and stainless steel equipment in the kitchen. The open floor layout allows for a seamless flow between the living, dining, and kitchen rooms, making it great

    7023 181st St W, Lakeville, MN 55044
  • /15

    $2,795

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,000 Sq Ft
    • Townhouse for Rent

    17080 Dysart Place, Lakeville, MN 55044

    Brookshire, Lakeville's most sought-after community. Offering a spacious community clubhouse with a full fitness center, yoga room, outdoor pool, fireplace, bocce ball, pickleball, basketball, parks, playground and walking trails. NOW OPEN. This stunning 2-story Fairhaven townhome is impressive at every turn, featuring an open concept main level, including a designer stocked kitchen with fabulous

    17080 Dysart Place, Lakeville, MN 55044
  • /20

    $2,225

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 1,769 Sq Ft
    • Lakeville 2 Bedroom Town Home, Dishwasher, Fireplace, 2 Car Garage, Garage Bonus Room

    18355 Kerrville Trail, Lakeville, MN 55044

    This unit is currently occupied and we will be showing with approved applications only. Photos, video, and application are located on the Guardian Property Management website. This town home is an amazing condition and has a perfect layout for a 2 bedroom town home.Walking in on ground level you will find an entry way with large closet and garage with bonus room (see

    18355 Kerrville Trail, Lakeville, MN 55044
  • /17

    $2,050

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,529 Sq Ft
    • Lakeville End Unit Town Home, 2 Car Garage, 2.5 Baths, Walk out Patio, Available July/Aug 1st

    7990 210th St W, Lakeville, MN 55044

    This home is currently occupied and we will be showing with approved applications only.We are looking for a 22-24 month lease, sorry no one year leases are available at this time. This home is in excellent condition, it only has one adjoining house so you only have 1 neighbor in total. There is a walk out patio just off the kitchen. Washer Dryer in unit. As a

    7990 210th St W, Lakeville, MN 55044

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Why Live in Lakeville

Lakeville, Minnesota, located in Dakota County, is home to approximately 73,000 residents and offers a suburban lifestyle with proximity to urban amenities. The city is known for its highly rated schools, including Lakeville Public Schools, Rosemount-Apple Valley-Eagan Schools, Lakeville North High School, and Lakeville South High School. Lakeville North High School features a STEM Biomedical Program, providing hands-on learning opportunities. The city boasts a variety of home styles, from newer craftsman-style homes to mid-20th-century Cape Cods, split-levels, and ranch-style homes, many of which are situated in waterfront communities like Lake Marion and Orchard Lake. Lakeville's downtown area on Holyoke Avenue features local eateries such as Tapestry Coffee, Babe’s Music Bar, and Lakeview Brewing Company. Residents enjoy numerous things to do, including outdoor activities at over 1,800 acres of public parks and 42 miles of walking and bike paths. Lake Marion is popular for boating and beach activities, while winter sports can be enjoyed at Lakeville Ames Arena. Cultural events are hosted at the Lakeville Area Arts Center, and golf enthusiasts can visit Crystal Lake Golf Club. Annual events like the Live at the Lake Summer Performance Series and the Pan-O-Prog festival bring the community together. The Lakeville Farmers Market offers fresh produce and goods during the summer months. Lakeville is safer than the national average, with lower violent crime rates compared to Minnesota and the U.S. Interstate 35 provides access to downtown Minneapolis, 25 miles away, and the Minneapolis-Saint Paul International Airport is 20 miles away.

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 $2,700 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and 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 $108,000 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 $2,700 per month in Lakeville, MN, renters typically need to show $8,100 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 16.4, 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, Alimagnet, Cobblestone Lake, South Loop and Downtown Apple Valley, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
42
Median Rent
$2,700
Median Single Family Home Rent
$2,995
Median Townhouse Rent
$2,225
Median Condo Rent
$1,695
How to Rent a Home