Apple Valley / Lakeville / Hastings, MN
August 2026
55024,55033,55044,55068
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,467 – $1,511 | -3.33% | -1.56% |
| 2-Bedroom | $1,675 – $1,785 | -9.48% | -4.17% |
| 3-Bedroom | $2,268 – $2,418 | -0.03% | -4.14% |
| 4-Bedroom | $2,967 – $3,094 | 0.82% | 2.45% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,541 – $1,643 | 0.59% | 3.08% |
| 2-Bedroom | $1,902 – $2,060 | 1.62% | 1.46% |
| 3-Bedroom | $2,399 – $2,599 | -0.33% | 1.00% |
| 4-Bedroom | $2,802 – $2,976 | -0.78% | -1.10% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,684 – $1,758 | 0.71% | 5.36% |
| 2-Bedroom | $2,047 – $2,182 | 1.41% | 4.13% |
| 3-Bedroom | $2,405 – $2,685 | -4.51% | -6.51% |
| 4-Bedroom | $2,858 – $3,127 | 1.16% | 1.65% |
In the Apple Valley / Lakeville / Hastings (55024, 55033, 55044, 55068) rental market, 2-bedroom apartments saw median rent decrease by 9.48% month-over-month to $1,730 in August 2026. Year-over-year, rents for this segment retreated by 4.17%, marking significant drops not seen in other apartment sizes in recent months.
While 3-bedroom apartment rents in Apple Valley / Lakeville / Hastings (55024, 55033, 55044, 55068) averaged $2,343, 3-bedroom condos and townhomes reached $2,499—outperforming apartments by $156. Notably, condos and townhomes in this segment gained 1.0% year-over-year as apartments dropped 4.14% within the same period.
Among larger units, Apple Valley / Lakeville / Hastings (55024, 55033, 55044, 55068) rental trends indicate that 4-bedroom single-family homes experienced a 1.16% rise in median rent month-over-month, reaching $2,993. With a 1.65% year-over-year increase, this segment shows persistent upward movement compared to other property types.