Renting in Lakeville

Lakeville's rental market reflects the city's genuinely above-average south-metro cost of living, within Minnesota's standard statewide landlord-tenant framework.

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A real, above-average rental market

Lakeville's average rent ran $1,547-$1,975/month depending on source this pass, with 1-bedroom units averaging approximately $1,665 and 2-bedroom units approximately $2,045 -- genuinely above neighboring Burnsville's figures.

Minnesota landlord-tenant law governs statewide

Standard lease terms and Minnesota statewide landlord-tenant law apply in Lakeville as elsewhere in the state. Confirm current statutory specifics directly for any actual dispute.

Confirm current, specific listings directly

The largest share of Lakeville rentals (65% per one source) fall between $1,501-$2,000/month -- confirm current, specific listings directly given the methodology variance across aggregator sites.

Key takeaways

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Read the full Lakeville overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.