Studio Apartment Rent in Lakeville, MN
Median asking rent for a studio apartment in Lakeville, Minnesota as of July 2026. That's +24% lower than the citywide median of $2,029 and +20% above the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Lakeville
Compare Lakeville's median rent across every apartment size.
Cheapest cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Winona | $700 |
| 2 | Moorhead | $710 |
| 3 | Austin | $720 |
| 4 | Owatonna | $730 |
| 5 | Bemidji | $800 |
| 6 | Duluth | $848 |
| 7 | Waite Park | $890 |
| 8 | Saint Cloud | $940 |
| 9 | Rochester | $1,010 |
| 10 | Mankato | $1,030 |
| 11 | Anoka | $1,050 |
| 12 | Northfield | $1,060 |
| 13 | South Saint Paul | $1,060 |
| 14 | Saint Michael | $1,080 |
| 15 | Columbia Heights | $1,090 |
Most expensive cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Woodbury | $1,650 |
| 2 | Maple Grove | $1,600 |
| 3 | Eden Prairie | $1,570 |
| 4 | Lakeville (this page) | $1,550 |
| 5 | Cottage Grove | $1,540 |
| 6 | Edina | $1,520 |
| 7 | Blaine | $1,510 |
| 8 | Plymouth | $1,495 |
| 9 | Brooklyn Park | $1,495 |
| 10 | Savage | $1,470 |
| 11 | Rosemount | $1,470 |
| 12 | Minnetonka | $1,450 |
| 13 | Robbinsdale | $1,427 |
| 14 | Saint Louis Park | $1,385 |
| 15 | Vadnais Heights | $1,380 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Lakeville.
| City | Distance | Studio rent | vs Lakeville |
|---|---|---|---|
| Burnsville, MN | 7.8 mi | $1,330 | $-220 (-14%) |
| Apple Valley, MN | 8.8 mi | $1,380 | $-170 (-11%) |
| Prior Lake, MN | 9.9 mi | $1,240 | $-310 (-20%) |
| Savage, MN | 10.1 mi | $1,470 | $-80 (-5%) |
| Bloomington, MN | 13.3 mi | $1,373 | $-177 (-11%) |
| Northfield, MN | 13.7 mi | $1,060 | $-490 (-32%) |
| Eagan, MN | 14.5 mi | $1,320 | $-230 (-15%) |
| Richfield, MN | 16 mi | $1,160 | $-390 (-25%) |
| Rosemount, MN | 16.1 mi | $1,470 | $-80 (-5%) |
| Shakopee, MN | 18.2 mi | $1,310 | $-240 (-15%) |
| Edina, MN | 18.2 mi | $1,520 | $-30 (-2%) |
| Eden Prairie, MN | 18.3 mi | $1,570 | +$20 (+1%) |
Studio rent in Lakeville — common questions
How much is a studio apartment in Lakeville?
As of July 2026, the median studio apartment rent in Lakeville, Minnesota is $1,550 per month. This is +24% below the citywide median of $2,029.
What income do you need to afford a studio in Lakeville?
Using the standard 30% rent-to-income rule, you would need an annual income of about $62,000 ($5,167/month gross), which works out to roughly $29.81/hour at a full-time job.
Is Lakeville expensive for a studio compared to the rest of the US?
Lakeville's studio median of $1,550 is +20% above the national studio median of $1,290. It ranks in the 68th percentile of US cities tracked.
How does Lakeville rank for studio rent in Minnesota?
Among the 63 cities in Minnesota with studio data, Lakeville ranks #60 from cheapest to most expensive.
Are there cheaper studio options near Lakeville?
Yes — nearby cities with cheaper studio rents include Burnsville ($1,330), Apple Valley ($1,380), Prior Lake ($1,240).