Apple Valley / Lakeville / Hastings, MN Rental Market Data

As of June 2026, rental prices in Apple Valley / Lakeville / Hastings, MN range from $1,575 to $2,990 per month depending on property type and bedroom count.

The largest year-over-year decline was in 3-bedroom apartments, where rents decreased 1.25%.

For 2-bedroom units, single-family homes have the highest median rent at $2,080 compared to $1,943 for condos/townhomes and $1,926 for apartments.

What is the rent range for apartments and houses in Apple Valley / Lakeville / Hastings, MN?

As of June 2026, rents in Apple Valley / Lakeville / Hastings, MN span from $1,575 for a 1-bedroom apartment to $2,990 for a 4-bedroom single-family home.

Which segment saw the greatest year-over-year decrease in rent in Apple Valley / Lakeville / Hastings, MN, and is it broad or limited?

The greatest annual decline was in 3-bedroom apartments, which dropped 1.25% year-over-year to $2,392 as of June 2026, while declines were not widespread across other apartment segments.

Which segment recorded the highest year-over-year rent increase in Apple Valley / Lakeville / Hastings, MN, and was it throughout the property type?

The 2-bedroom apartment segment reported the largest year-over-year growth, rising 6.52% to $1,926, and apartment rent increases were observable for 1-bedroom (4.65%) and 4-bedroom (2.95%) units as well.

What segment had the largest month-over-month rent change in Apple Valley / Lakeville / Hastings, MN?

The 2-bedroom apartment segment had the sharpest month-over-month increase, with rents rising 4.63% between May and June 2026.

Apple Valley / Lakeville / Hastings, MN

June 2026

55024,55033,55044,55068

Long-term Rental Rates

Apartment

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,496 – $1,653	1.38%	4.65%
2-Bedroom	$1,830 – $2,022	4.63%	6.52%
3-Bedroom	$2,272 – $2,511	0.49%	-1.25%
4-Bedroom	$2,824 – $3,090	1.00%	2.95%

Condo/Townhome

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,528 – $1,629	1.12%	4.03%
2-Bedroom	$1,895 – $1,992	-2.44%	1.41%
3-Bedroom	$2,373 – $2,570	-0.91%	1.84%
4-Bedroom	$2,807 – $2,981	0.89%	0.65%

Single-Family

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,646 – $1,725	1.09%	5.61%
2-Bedroom	$2,013 – $2,146	1.10%	4.36%
3-Bedroom	$2,491 – $2,726	0.55%	-2.66%
4-Bedroom	$2,856 – $3,125	-0.40%	2.06%

Data updated: July 19, 2026

In the Apple Valley / Lakeville / Hastings (55024, 55033, 55044, 55068) rental market, 2-bedroom condos/townhomes posted the fastest monthly growth, with median rent rising 4.13% to $2,003 for May 2026. This increase surpasses all other segments, signaling heightened interest in midsize attached homes over the last month.

Across Apple Valley / Lakeville / Hastings (55024, 55033, 55044, 55068), the 3-bedroom single-family segment registered a median rent of $2,574, marking a 3.26% year-over-year decline. In contrast, both 2-bedroom condos and 1-bedroom single-family homes rose at least 4.06% annually, illustrating relative weakness in the larger detached home category.

Demand for larger multifamily units stands out, as Apple Valley / Lakeville / Hastings (55024, 55033, 55044, 55068) rental trends show 4-bedroom apartments topping the market at $2,927 and climbing 3.10% versus last year. This segment holds the highest median rent among all tracked groups for this period.

12-Month Median Rent Trend

Apartment

Month	1 BR	2 BR	3 BR	4 BR
June 2026	$1,575	$1,926	$2,392	$2,957
May 2026	$1,543	$1,844	$2,382	$2,927
April 2026	$1,524	$1,831	$2,381	$2,911
March 2026	$1,550	$1,884	$2,439	$2,904
February 2026	$1,525	$1,849	$2,422	$2,922
January 2026	$1,526	$1,866	$2,463	$2,953
December 2025	$1,545	$1,864	$2,467	$2,971
November 2025	$1,560	$1,856	$2,467	$2,979
October 2025	$1,557	$1,832	$2,455	$2,966
September 2025	$1,536	$1,822	$2,463	$2,952
August 2025	$1,524	$1,815	$2,454	$2,932
July 2025	$1,494	$1,812	$2,440	$2,909

Condo / Townhome

Month	1 BR	2 BR	3 BR	4 BR
June 2026	$1,579	$1,943	$2,471	$2,894
May 2026	$1,559	$2,003	$2,511	$2,869
April 2026	$1,558	$1,891	$2,398	$2,889
March 2026	$1,553	$1,927	$2,442	$2,894
February 2026	$1,556	$1,940	$2,496	$2,916
January 2026	$1,567	$1,949	$2,440	$2,935
December 2025	$1,578	$1,956	$2,469	$2,954
November 2025	$1,578	$1,954	$2,470	$2,964
October 2025	$1,573	$1,936	$2,472	$2,953
September 2025	$1,563	$1,941	$2,486	$2,937
August 2025	$1,547	$1,943	$2,467	$2,921
July 2025	$1,535	$1,946	$2,460	$2,901

Single-Family

Month	1 BR	2 BR	3 BR	4 BR
June 2026	$1,672	$2,080	$2,609	$2,990
May 2026	$1,654	$2,058	$2,574	$2,982
April 2026	$1,632	$2,004	$2,511	$2,909
March 2026	$1,640	$2,045	$2,692	$2,866
February 2026	$1,640	$2,054	$2,727	$2,885
January 2026	$1,638	$2,058	$2,743	$2,899
December 2025	$1,642	$2,069	$2,740	$2,932
November 2025	$1,644	$2,072	$2,733	$2,932
October 2025	$1,636	$2,060	$2,750	$2,934
September 2025	$1,627	$2,049	$2,742	$2,946
August 2025	$1,616	$2,029	$2,737	$2,919
July 2025	$1,602	$2,014	$2,725	$2,904

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