3-Bedroom Apartment Rent in Lakeville, MN
Median asking rent for a 3-bedroom apartment in Lakeville, Minnesota as of October 2026. That's +36% higher than the citywide median of $2,101 and +34% above the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Minnesota
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Albert Lea | $1,200 |
| 2 | Winona | $1,200 |
| 3 | Bemidji | $1,320 |
| 4 | Austin | $1,330 |
| 5 | Moorhead | $1,460 |
| 6 | Owatonna | $1,460 |
| 7 | Waite Park | $1,570 |
| 8 | Anoka | $1,666 |
| 9 | Duluth | $1,666 |
| 10 | Saint Cloud | $1,690 |
| 11 | Mankato | $1,750 |
| 12 | Victoria | $1,792 |
| 13 | Rochester | $1,918 |
| 14 | Buffalo | $1,970 |
| 15 | Northfield | $1,970 |
Most expensive cities for a 3-bedroom in Minnesota
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $3,035 |
| 2 | Maple Grove | $2,935 |
| 3 | Eden Prairie | $2,890 |
| 4 | Wayzata | $2,865 |
| 5 | Lakeville (this page) | $2,850 |
| 6 | Cottage Grove | $2,840 |
| 7 | Edina | $2,797 |
| 8 | Blaine | $2,775 |
| 9 | Brooklyn Park | $2,750 |
| 10 | Plymouth | $2,748 |
| 11 | Savage | $2,700 |
| 12 | Rosemount | $2,700 |
| 13 | Minnetonka | $2,665 |
| 14 | Saint Louis Park | $2,545 |
| 15 | Apple Valley | $2,540 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than Lakeville.
| City | Distance | 3-Bedroom rent | vs Lakeville |
|---|---|---|---|
| Burnsville, MN | 7.8 mi | $2,445 | $-405 (-14%) |
| Apple Valley, MN | 8.8 mi | $2,540 | $-310 (-11%) |
| Prior Lake, MN | 9.9 mi | $2,280 | $-570 (-20%) |
| Savage, MN | 10.1 mi | $2,700 | $-150 (-5%) |
| Bloomington, MN | 13.3 mi | $2,520 | $-330 (-12%) |
| Northfield, MN | 13.7 mi | $1,970 | $-880 (-31%) |
| Eagan, MN | 14.5 mi | $2,423 | $-427 (-15%) |
| Richfield, MN | 16 mi | $2,130 | $-720 (-25%) |
| Rosemount, MN | 16.1 mi | $2,700 | $-150 (-5%) |
| Shakopee, MN | 18.2 mi | $2,410 | $-440 (-15%) |
| Edina, MN | 18.2 mi | $2,797 | $-53 (-2%) |
| Eden Prairie, MN | 18.3 mi | $2,890 | +$40 (+1%) |
3-Bedroom rent in Lakeville — common questions
How much is a 3-bedroom apartment in Lakeville?
As of October 2026, the median 3-bedroom apartment rent in Lakeville, Minnesota is $2,850 per month. This is +36% higher than the citywide median of $2,101.
What income do you need to afford a 3-bedroom in Lakeville?
Using the standard 30% rent-to-income rule, you would need an annual income of about $114,000 ($9,500/month gross), which works out to roughly $54.81/hour at a full-time job.
Is Lakeville expensive for a 3-bedroom compared to the rest of the US?
Lakeville's 3-bedroom median of $2,850 is +34% above the national 3-bedroom median of $2,130. It ranks in the 76th percentile of US cities tracked.
How does Lakeville rank for 3-bedroom rent in Minnesota?
Among the 66 cities in Minnesota with 3-bedroom data, Lakeville ranks #62 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Lakeville?
Yes — nearby cities with cheaper 3-bedroom rents include Burnsville ($2,445), Apple Valley ($2,540), Prior Lake ($2,280).