4+ Bedroom Apartment Rent in Lakeville, MN
Median asking rent for a 4+ bedroom apartment in Lakeville, Minnesota as of July 2026. That's +57% higher than the citywide median of $2,029 and +27% above the national 4+ bedroom median of $2,520.
Income needed for a 4+ 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 4+ 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 4+ bedroom in Minnesota
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Winona | $1,310 |
| 2 | Austin | $1,400 |
| 3 | Bemidji | $1,560 |
| 4 | Moorhead | $1,750 |
| 5 | Owatonna | $1,750 |
| 6 | Waite Park | $1,870 |
| 7 | Saint Cloud | $1,973 |
| 8 | Duluth | $2,078 |
| 9 | Mankato | $2,100 |
| 10 | Columbia Heights | $2,240 |
| 11 | Northfield | $2,240 |
| 12 | Saint Michael | $2,240 |
| 13 | South Saint Paul | $2,240 |
| 14 | Elk River | $2,270 |
| 15 | New Brighton | $2,270 |
Most expensive cities for a 4+ bedroom in Minnesota
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Woodbury | $3,400 |
| 2 | Maple Grove | $3,290 |
| 3 | Eden Prairie | $3,240 |
| 4 | Lakeville (this page) | $3,190 |
| 5 | Cottage Grove | $3,180 |
| 6 | Edina | $3,133 |
| 7 | Blaine | $3,110 |
| 8 | Brooklyn Park | $3,080 |
| 9 | Plymouth | $3,078 |
| 10 | Savage | $3,030 |
| 11 | Rosemount | $3,030 |
| 12 | Minnetonka | $2,980 |
| 13 | Saint Louis Park | $2,850 |
| 14 | Apple Valley | $2,850 |
| 15 | Vadnais Heights | $2,830 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 4+ bedroom rents than Lakeville.
| City | Distance | 4+ Bedroom rent | vs Lakeville |
|---|---|---|---|
| Burnsville, MN | 7.8 mi | $2,735 | $-455 (-14%) |
| Apple Valley, MN | 8.8 mi | $2,850 | $-340 (-11%) |
| Prior Lake, MN | 9.9 mi | $2,550 | $-640 (-20%) |
| Savage, MN | 10.1 mi | $3,030 | $-160 (-5%) |
| Bloomington, MN | 13.3 mi | $2,823 | $-367 (-12%) |
| Northfield, MN | 13.7 mi | $2,240 | $-950 (-30%) |
| Eagan, MN | 14.5 mi | $2,713 | $-477 (-15%) |
| Richfield, MN | 16 mi | $2,390 | $-800 (-25%) |
| Rosemount, MN | 16.1 mi | $3,030 | $-160 (-5%) |
| Shakopee, MN | 18.2 mi | $2,700 | $-490 (-15%) |
| Edina, MN | 18.2 mi | $3,133 | $-57 (-2%) |
| Eden Prairie, MN | 18.3 mi | $3,240 | +$50 (+2%) |
4+ Bedroom rent in Lakeville — common questions
How much is a 4+ bedroom apartment in Lakeville?
As of July 2026, the median 4+ bedroom apartment rent in Lakeville, Minnesota is $3,190 per month. This is +57% higher than the citywide median of $2,029.
What income do you need to afford a 4+ bedroom in Lakeville?
Using the standard 30% rent-to-income rule, you would need an annual income of about $127,600 ($10,633/month gross), which works out to roughly $61.35/hour at a full-time job.
Is Lakeville expensive for a 4+ bedroom compared to the rest of the US?
Lakeville's 4+ bedroom median of $3,190 is +27% above the national 4+ bedroom median of $2,520. It ranks in the 73th percentile of US cities tracked.
How does Lakeville rank for 4+ bedroom rent in Minnesota?
Among the 60 cities in Minnesota with 4+ bedroom data, Lakeville ranks #57 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Lakeville?
Yes — nearby cities with cheaper 4+ bedroom rents include Burnsville ($2,735), Apple Valley ($2,850), Prior Lake ($2,550).