Studio Apartment Rent in Prior Lake, MN
Median asking rent for a studio apartment in Prior Lake, Minnesota as of October 2026. That's +40% lower than the citywide median of $2,065 and +4% below the national studio median of $1,290.
Income needed for a studio in Prior Lake
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 Prior Lake
Compare Prior Lake's median rent across every apartment size.
Cheapest cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Albert Lea | $640 |
| 2 | Winona | $700 |
| 3 | Moorhead | $710 |
| 4 | Austin | $720 |
| 5 | Owatonna | $730 |
| 6 | Bemidji | $800 |
| 7 | Duluth | $848 |
| 8 | Waite Park | $890 |
| 9 | Saint Cloud | $940 |
| 10 | Rochester | $1,010 |
| 11 | Mankato | $1,030 |
| 12 | Anoka | $1,050 |
| 13 | Buffalo | $1,060 |
| 14 | Northfield | $1,060 |
| 15 | South Saint Paul | $1,060 |
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 | $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? 1 of these cities have cheaper studio rents than Prior Lake.
| City | Distance | Studio rent | vs Prior Lake |
|---|---|---|---|
| Savage, MN | 6.1 mi | $1,470 | +$230 (+19%) |
| Shakopee, MN | 8.5 mi | $1,310 | +$70 (+6%) |
| Lakeville, MN | 9.9 mi | $1,550 | +$310 (+25%) |
| Burnsville, MN | 10.4 mi | $1,330 | +$90 (+7%) |
| Eden Prairie, MN | 11.5 mi | $1,570 | +$330 (+27%) |
| Bloomington, MN | 12.2 mi | $1,373 | +$133 (+11%) |
| Edina, MN | 15.3 mi | $1,520 | +$280 (+23%) |
| Apple Valley, MN | 15.7 mi | $1,380 | +$140 (+11%) |
| Richfield, MN | 16 mi | $1,160 | $-80 (-6%) |
| Hopkins, MN | 16 mi | $1,250 | +$10 (+1%) |
| Chaska, MN | 17.7 mi | $1,240 | — |
| Minnetonka, MN | 17.7 mi | $1,450 | +$210 (+17%) |
Studio rent in Prior Lake — common questions
How much is a studio apartment in Prior Lake?
As of October 2026, the median studio apartment rent in Prior Lake, Minnesota is $1,240 per month. This is +40% below the citywide median of $2,065.
What income do you need to afford a studio in Prior Lake?
Using the standard 30% rent-to-income rule, you would need an annual income of about $49,600 ($4,133/month gross), which works out to roughly $23.85/hour at a full-time job.
Is Prior Lake expensive for a studio compared to the rest of the US?
Prior Lake's studio median of $1,240 is +4% below the national studio median of $1,290. It ranks in the 46th percentile of US cities tracked.
How does Prior Lake rank for studio rent in Minnesota?
Among the 64 cities in Minnesota with studio data, Prior Lake ranks #36 from cheapest to most expensive.
Are there cheaper studio options near Prior Lake?
Yes — nearby cities with cheaper studio rents include Richfield ($1,160).