2-Bedroom Apartment Rent in Lakeville, MN
Median asking rent for a 2-bedroom apartment in Lakeville, Minnesota as of July 2026. That's +5% higher than the citywide median of $2,029 and +29% above the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Lakeville
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Lakeville
Compare Lakeville's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Winona | $950 |
| 2 | Moorhead | $1,040 |
| 3 | Owatonna | $1,040 |
| 4 | Austin | $1,050 |
| 5 | Bemidji | $1,090 |
| 6 | Waite Park | $1,200 |
| 7 | Duluth | $1,236 |
| 8 | Mankato | $1,250 |
| 9 | Saint Cloud | $1,273 |
| 10 | Victoria | $1,273 |
| 11 | Rochester | $1,368 |
| 12 | Anoka | $1,401 |
| 13 | Northfield | $1,460 |
| 14 | South Saint Paul | $1,460 |
| 15 | Saint Michael | $1,490 |
Most expensive cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $2,280 |
| 2 | Maple Grove | $2,205 |
| 3 | Eden Prairie | $2,170 |
| 4 | Lakeville (this page) | $2,140 |
| 5 | Cottage Grove | $2,130 |
| 6 | Edina | $2,100 |
| 7 | Blaine | $2,085 |
| 8 | Brooklyn Park | $2,065 |
| 9 | Plymouth | $2,063 |
| 10 | Savage | $2,030 |
| 11 | Rosemount | $2,030 |
| 12 | Minnetonka | $2,000 |
| 13 | Wayzata | $1,924 |
| 14 | Saint Louis Park | $1,910 |
| 15 | Apple Valley | $1,910 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Lakeville.
| City | Distance | 2-Bedroom rent | vs Lakeville |
|---|---|---|---|
| Burnsville, MN | 7.8 mi | $1,835 | $-305 (-14%) |
| Apple Valley, MN | 8.8 mi | $1,910 | $-230 (-11%) |
| Prior Lake, MN | 9.9 mi | $1,710 | $-430 (-20%) |
| Savage, MN | 10.1 mi | $2,030 | $-110 (-5%) |
| Bloomington, MN | 13.3 mi | $1,893 | $-247 (-12%) |
| Northfield, MN | 13.7 mi | $1,460 | $-680 (-32%) |
| Eagan, MN | 14.5 mi | $1,820 | $-320 (-15%) |
| Richfield, MN | 16 mi | $1,600 | $-540 (-25%) |
| Rosemount, MN | 16.1 mi | $2,030 | $-110 (-5%) |
| Shakopee, MN | 18.2 mi | $1,810 | $-330 (-15%) |
| Edina, MN | 18.2 mi | $2,100 | $-40 (-2%) |
| Eden Prairie, MN | 18.3 mi | $2,170 | +$30 (+1%) |
2-Bedroom rent in Lakeville — common questions
How much is a 2-bedroom apartment in Lakeville?
As of July 2026, the median 2-bedroom apartment rent in Lakeville, Minnesota is $2,140 per month. This is +5% higher than the citywide median of $2,029.
What income do you need to afford a 2-bedroom in Lakeville?
Using the standard 30% rent-to-income rule, you would need an annual income of about $85,600 ($7,133/month gross), which works out to roughly $41.15/hour at a full-time job.
Is Lakeville expensive for a 2-bedroom compared to the rest of the US?
Lakeville's 2-bedroom median of $2,140 is +29% above the national 2-bedroom median of $1,655. It ranks in the 75th percentile of US cities tracked.
How does Lakeville rank for 2-bedroom rent in Minnesota?
Among the 65 cities in Minnesota with 2-bedroom data, Lakeville ranks #62 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Lakeville?
Yes — nearby cities with cheaper 2-bedroom rents include Burnsville ($1,835), Apple Valley ($1,910), Prior Lake ($1,710).