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Newest Homes for Rent in Prior Lake, MN

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  • /20

    Starting at $1,495 Plus Fees

    • 2 - 3 Beds

    16650 Brunswick Ave, Prior Lake, MN 55372

    Kestrel Village Apartments offers affordable housing with style. Conveniently located in beautiful Prior Lake, these spacious two and three-bedroom apartment homes are maintenance-free and professionally managed. Easy commuting to downtown Minneapolis or St. Paul. Enjoy hiking or biking in one of the many nearby parks.

    Kestrel Village Apartments

    16650 Brunswick Ave, Prior Lake, MN 55372
  • /43

    $1,775

    Total Monthly Price

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

    16650 Brunswick Ave SE Unit 100, Prior Lake, MN 55372

    Comfortable Living in the Heart of Prior Lake--Appliances: Range, Refrigerator, Dishwasher, Wall A/CPet Policy: Friendly Dog OK with $500 non refundable pet fee + $35/month pet rent.Cats OK with $250 non refundable pet fee + $25/month pet rent.Parking: $5/month for off-street unassigned parking and/or $75/mo private garageLaundry: Shared laundry roomTenant pays

    16650 Brunswick Ave SE Unit 100, Prior Lake, MN 55372
  • /26

    Starting at $1,545 Plus Fees

    • 2 - 3 Beds

    16611 Five Hawks Ave SE, Prior Lake, MN 55372

    The Village at Five Hawks in Prior Lake, MN offers residents the charm of a small town with convenient, easy to access transportation routes into the Twin Cities Metro area. We are just minutes from downtown Prior Lake, which has blossomed into a desired destination for shopping, dining, a seasonal farmer's market and other community events. Enjoy an award-winning European bakery and venture out

    The Village at Five Hawks

    16611 Five Hawks Ave SE, Prior Lake, MN 55372
  • /86

    Starting at $1,475

    Total Monthly Price

    • 1 - 2 Beds

    3800 Jeffers Pkwy NW, Prior Lake, MN 55372

    Welcome to Jeffers at Waterfront Apartments, a place where comfort meets convenience. Our apartments in Prior Lake offer one, two, or three--bedroom layouts equipped with essential amenities like quartz countertops, wood plank style flooring, and stainless-steel kitchen appliances. Residents of our pet friendly community also enjoy exclusive access to communal perks like package receiving,

    Jeffers Waterfront Apartments

    3800 Jeffers Pkwy NW, Prior Lake, MN 55372
  • /45

    Starting at $1,413 Plus Fees

    • 1 - 3 Beds

    5119 Gateway St SE, Prior Lake, MN 55372

    The Grainwood Apartments brings the feel of a cozy lake place to the heart of Prior Lake! Conveniently located near parks, shopping and restaurants, The Grainwood Apartments offers the freedoms of contemporary maintenance-free living combined with amenities such as granite counters, a built-in washer/dryer in every home, and underground heated parking. Are you ready for convenient living? The

    The Grainwood Senior Apartments

    5119 Gateway St SE, Prior Lake, MN 55372
  • /40

    $1,495

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 915 Sq Ft
    • Condo for Rent

    16724 Brunswick Ave SE Unit 202, Prior Lake, MN 55372

    Comfortable Living in the Heart of Prior Lake--Appliances: Range, Refrigerator, Dishwasher, Wall A/CPet Policy: Friendly Dog OK with $500 non refundable pet fee + $35/month pet rent.Cats OK with $250 non refundable pet fee + $25/month pet rent.Parking: $5/month for off-street unassigned parking and/or $75/mo private garageLaundry: Shared laundry roomTenant pays

    16724 Brunswick Ave SE Unit 202, Prior Lake, MN 55372
  • /50

    Starting at $1,629 Plus Fees

    • 2 Beds

    17088 Adelmann St SE, Prior Lake, MN 55372

    Courtwood Village II is located in Prior Lake, Minnesota. We offer one, two and three bedroom floor plans designed with you in mind. Your new apartment home will have central air, a balcony, stainless steel appliances, granite countertops, 9 foot ceilings, luxury vinyl plank flooring and large, in-unit washers and dryers. We are in the southwestern metro area, not far from popular attractions

    Courtwood Village 2

    17088 Adelmann St SE, Prior Lake, MN 55372
  • /21

    Starting at $1,599 Plus Fees

    • 2 Beds

    17092 Adelmann St SE, Prior Lake, MN 55372

    Please contact the property manager at Nine52-738-1219 to inquire about future availability. Great Condo/Apartments available for rent in Prior Lake. All units have washer/dryer, air conditioner, deck, dishwasher, microwave and breakfast bar. One underground heated parking space and storage unit included in rent. This property has a community room with full size kitchen and fireplace available

    Courtwood Village I

    17092 Adelmann St SE, Prior Lake, MN 55372
  • /18

    $2,895

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,100 Sq Ft
    • Townhouse for Rent

    5136 Hampton St NE, Prior Lake, MN 55372

    5136 Hampton St NE Prior Lake, MN 55372Prior Lake Rental Property 5073, 3BR+ Basement/office area!Stunning & Spacious. The upgrades in this unit are amazing. Built in 2018 it has had only one owner and has been well cared for. It’s a place you will want to call “Home”. CONCESSION: Application fee is reimbursed if applications are approved and a lease signed.PRICE &

    5136 Hampton St NE, Prior Lake, MN 55372
  • /31

    $2,490

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,860 Sq Ft
    • House for Rent

    16503 Franklin Trail SE, Prior Lake, MN 55372

    For a video tour of this home, please contact the listing agent, David, or search the address "16503 Franklin Trail SE, Prior Lake" on YouTube. This well-laid-out split-level home in Prior Lake offers 3 bedrooms, 2 bathrooms, and 1,860 square feet of comfortable living space with an attached 2-car garage. A welcoming mudroom greets you at the entrance before the layout opens up — the upper

    16503 Franklin Trail SE, Prior Lake, MN 55372
  • /29

    $3,695

    Total Monthly Price

    • 4 Beds
    • 4 Baths
    • 3,216 Sq Ft
    • House for Rent

    5729 Meridian Way NE, Prior Lake, MN 55372

    Welcome to this stunning 2019-built home located in one of Prior Lake’s most desirable neighborhoods. Offering over 3,200 square feet of thoughtfully designed living space, this spacious home combines modern finishes, comfort, and functionality.The open-concept main level features generous living and dining areas, creating the perfect setting for both everyday living and entertaining.

    5729 Meridian Way NE, Prior Lake, MN 55372
  • /21

    Starting at $1,195

    Total Monthly Price

    • Studio

    16535 Tranquility Ct SE, Prior Lake, MN 55372

    Welcome to Creekside Commons, where modern comfort meets the serenity of nature. Explore our range of 1-, 2-, and 3-bedroom apartments designed for your lifestyle.Nestled in Prior Lake, Creekside Commons offers a sanctuary from the bustling world. With thoughtfully designed spaces and a commitment to fostering connections, we invite you to embrace a lifestyle where convenience harmonizes

    Creekside Commons Apartments

    16535 Tranquility Ct SE, Prior Lake, MN 55372
  • /27

    $2,850

    Total Monthly Price

    • 4 Beds
    • 4 Baths
    • 2,502 Sq Ft
    • House for Rent

    14343 Brookmere Blvd NW, Prior Lake, MN 55372

    Welcome home to 14343 Brookmere Blvd. in Prior Lake! This impressive 4-bedroom, 4-bathroom townhome offers approximately 2,502 sq. ft. of comfortable living space, providing plenty of room to live, work, relax, and entertain.Step inside to a bright and inviting interior featuring 9-foot ceilings, beautiful maple cabinetry and trim, and an open-concept living area designed for everyday

    14343 Brookmere Blvd NW, Prior Lake, MN 55372
  • /20

    $3,306

    Total Monthly Price

    • 5 Beds
    • 3 Baths
    • 2,318 Sq Ft
    • House for Rent

    2405 Stonecrest Path NW, Prior Lake, MN 55372

    This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 5 bedrooms, 3 bathrooms, and approximately 2,318 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.

    2405 Stonecrest Path NW, Prior Lake, MN 55372
  • /20

    $2,795 Plus Fees

    • 4 Beds
    • 3.5 Baths
    • 2,330 Sq Ft
    • Townhouse for Rent

    14324 Parkside Ct NW, Prior Lake, MN 55372

    Welcome to your dream townhome in the charming neighborhood of Prior Lake! This spacious 4-bedroom, 3.5-bathroom gem boasts 2,330 square feet of modern living space, perfect for those seeking comfort and style. With a blend of functionality and elegance, this home is designed for both relaxation and entertaining. Step inside to discover a bright and airy layout featuring: - A fully

    14324 Parkside Ct NW, Prior Lake, MN 55372
  • /29

    $3,295

    Total Monthly Price

    • 5 Beds
    • 4 Baths
    • 3,215 Sq Ft
    • House for Rent

    3010 Fairview Rd SW, Prior Lake, MN 55372

    3010 Fairview Rd SW Prior Lake, MN 55372Prior Lake Rental Property 4690, 5BR+Den/SunroomABSOLUTELY STUNNING! Lakefront must see.Recent Updates: Bathrooms, finished lower level, Knock down ceilings, hardwood floors & in floor heating bathrooms, large trim, paint & enameled woodwork, barn & solid doors, newel posts, attractive light fixtures, stainless steel appliances and

    3010 Fairview Rd SW, Prior Lake, MN 55372
  • /12

    $1,775

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 948 Sq Ft
    • Townhouse for Rent

    16505 Timber Crest Dr SE, Prior Lake, MN 55372

    This home is currently occupied and we will be showing with approved applications only. Photos, video, and application are located on the Guardian Property Management website. Walking in the main door you go up one flight of stairs to the dining, kitchen, and living room level. Off of the dining room you have a walk out patio to the back yard, and off the kitchen there is a quarter bath.

    16505 Timber Crest Dr SE, Prior Lake, MN 55372
  • /38

    $2,745

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 2,061 Sq Ft
    • Townhouse for Rent

    5228 Hampton St NE, Prior Lake, MN 55372

    Recently built end unit townhome overlooking a pond and trees. This home features 3 bathrooms, a walk in master closet, walk in pantry, and a large balcony just off the kitchen, and a home office/crafting nook! Located just a short walk away from Sand Point Beach and a quick drive to all the grocery stores, restaurants and coffee shops you could ask for! Pet friendly, modern open floor

    5228 Hampton St NE, Prior Lake, MN 55372
  • /46

    $2,900 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,871 Sq Ft
    • Townhouse for Rent

    5202 Hampton St NE, Prior Lake, MN 55372

    Rare three-car garage townhome in Trillium Cove! This beautifully updated home features brand-new carpet, fresh paint and a bright, open layout filled with natural light. The spacious kitchen offers quartz countertops, stainless steel appliances, double wall ovens, abundant cabinetry, a walk-in pantry and large center island. The living room provides flexible space for a home office and opens to

    Jack Barkley Edina Realty, Inc.

    5202 Hampton St NE, Prior Lake, MN 55372
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    $2,750

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,871 Sq Ft
    • House for Rent

    5236 Hampton St NE, Prior Lake, MN 55372

    Beautifully maintained 3-bedroom, 2.5-bath townhome in the desirable Trillium Cove community of Prior Lake. Freshly painted throughout and move-in ready, this bright and inviting home features an open-concept floor plan with abundant natural light, a modern kitchen with newer appliances, spacious living and dining areas, upper-level laundry, and a private deck that is perfect for relaxing or

    5236 Hampton St NE, Prior Lake, MN 55372
  • /20

    $2,495

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • House for Rent

    4310 Grainwood Cir NE, Prior Lake, MN 55372

    Prior Lake Rental Property 4992, 3BRNewly remodeled walkout with lake access to Lower Prior Lake!*** Concession special: With approved application rest of July free for an August 1 move in.Shared lake access and dock use. Dock use is to load and unload- no overnight docking. Tenants may use the beach for enjoyment & swimming. Location: Walk to the beach and local marina,

    4310 Grainwood Cir NE, Prior Lake, MN 55372
  • /20

    $895 Plus Fees

    • 5 Beds
    • 5 Baths
    • 3,500 Sq Ft
    • House for Rent

    5139 160th St SE, Prior Lake, MN 55372

    Available July 1st. Another new listing brought to you by The Feland Team and Renters Warehouse. This lower level apartment is part of a triplex with it’s own entry and a single car, detached garage. When you walk in there is a galley kitchen with white cabinets and updated appliances next to the dining area. An updated bathroom is adjacent to the kitchen and next is a spacious living area. The

    5139 160th St SE, Prior Lake, MN 55372
  • /12

    $2,450

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,400 Sq Ft
    • House for Rent

    16347 Park Ave SE, Prior Lake, MN 55372

    $2,450 | Lake adjacent Fully Renovated 2 Bedroom Twin home Duplex | Vaulted Ceilings | Garage + Boat Parking | Available NOW (Prior Lake)AVAILABLE NOWBe the first to live in this beautifully renovated 1,400 sq. ft. twin-home located in one of Prior Lake’s most desirable lake-adjacent neighborhoods, just minutes from Charlie’s on Prior and surrounded by high-end lakeshore

    16347 Park Ave SE, Prior Lake, MN 55372
  • /5

    Starting at $1,065 Plus Fees

    • Studio

    5160-5200 160th St SE, Prior Lake, MN 55372

    Monthly rent includes heat, gas, water and trash. Tenant pays electric. On-site laundry, roomy closet space and off-street parking is included. Located across the street from a beautiful park, playground and softball diamond. One and two bedroom apartments available. Rental rate varies based on size and location of the unit. Second and third floor units include a balcony. First month free rent

    Parkwood Apartments

    5160-5200 160th St SE, Prior Lake, MN 55372

Frequently Asked Questions

How much does it cost to rent a home in Prior Lake, MN?
The median rent for a home in Prior Lake, MN is $2,495 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Prior Lake, MN?
To comfortably afford the median rent in Prior Lake, MN, a household needs to earn roughly $99,800 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 $2,495 per month in Prior Lake, MN, renters typically need to show $7,485 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 Prior Lake, MN?
In Prior Lake, MN, the price-to-rent ratio is 16.8, 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 Prior Lake, MN are best for renting a home?
The best neighborhood for renting in Prior Lake, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Bloomington, Lake Edina/Parklawn, Galaxie Commons and East Bloomington, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
24
Median Rent
$2,495
Median Single Family Home Rent
$2,493
Median Townhouse Rent
$2,748
Median Condo Rent
$1,635
How to Rent a Home