Long-term Rental Rates — August 2026 · ZIPs: 55044
Local market data by Estaite
As of August 2026, rental prices in Lakeville, MN range from $1,584 to $3,027 per month depending on property type and bedroom count.
The largest year-over-year change was a 6.48% increase for single-family 2BR units in Lakeville, MN.
For 1BR units, single-family homes lead at $1,704 compared to $1,584 for apartments and $1,619 for condo/townhomes.
What is the current apartment and home rent range in Lakeville, MN for August 2026?
In August 2026, the median rent in Lakeville, MN spans from $1,584 for a 1BR apartment up to $3,027 for a 4BR single-family home.
Which rental segment in Lakeville, MN experienced the strongest annual growth, and is that growth spread across all single-family bedrooms?
The strongest annual growth was in single-family 2BR homes, which increased 6.48% year-over-year; single-family units also saw positive annual growth for 1BR (5.32%) and 4BR (1.44%) but a -10.96% decline for 3BR, so growth is not consistent across all single-family bedroom counts.
What is the rent premium between apartments and single-family homes for the same bedroom count in Lakeville, MN?
In August 2026, 2BR apartments have a median rent of $1,859 and 2BR single-family homes are $2,187, a premium of $328 for single-family; for 4BR units, apartments are $2,997, while single-family homes are $3,027, a $30 difference.
For which bedroom count does one property type dramatically outperform the others in Lakeville, MN?
For 3BR units, condo/townhomes have a median rent of $2,606, significantly higher than both apartments at $2,486 and single-family homes at $2,433 in Lakeville, MN as of August 2026.
Lakeville, MN
August 2026
55044
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,544 – $1,624
-3.37%
2.00%
2-Bedroom
$1,812 – $1,905
-5.32%
0.13%
3-Bedroom
$2,424 – $2,548
4.71%
-1.62%
4-Bedroom
$2,953 – $3,087
0.60%
2.25%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,567 – $1,671
0.50%
3.32%
2-Bedroom
$2,001 – $2,104
1.46%
2.67%
3-Bedroom
$2,470 – $2,741
-0.41%
4.28%
4-Bedroom
$2,720 – $2,929
-3.51%
-3.44%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,687 – $1,759
0.71%
5.32%
2-Bedroom
$2,110 – $2,264
5.07%
6.48%
3-Bedroom
$2,336 – $2,531
-8.73%
-10.96%
4-Bedroom
$2,936 – $3,118
1.16%
1.44%
Data updated: September 21, 2026
Lakeville Rental Trends
In the Lakeville (55044) rental market, 1-bedroom apartment rents increased to $1,639, reflecting a 9.58% year-over-year climb and 2.52% month-over-month growth. This segment delivered the highest annual percentage gain among all property and bedroom types in the current dataset.
The 3-bedroom condo/townhome segment in Lakeville (55044) reached a median rent of $2,616, up 3.46% from the previous month. These units outperformed 3-bedroom apartments by $242 and registered a 4.62% year-over-year increase.
Rental performance for 1-bedroom single-family homes highlights Lakeville (55044) rental trends, as the segment reached $1,692—posting a 5.55% year-over-year increase and a 1.14% month-over-month rise. These gains exceeded the annual appreciation achieved by 1-bedroom condos.
12-Month Median Rent Trend
Apartment
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,584
$1,859
$2,486
$2,997
July 2026
$1,639
$1,963
$2,374
$2,979
June 2026
$1,599
$1,934
$2,426
$2,958
May 2026
$1,593
$1,873
$2,371
$2,924
April 2026
$1,580
$1,912
$2,372
$2,905
March 2026
$1,572
$1,942
$2,421
$2,897
February 2026
$1,588
$1,944
$2,388
$2,913
January 2026
$1,545
$1,947
$2,496
$2,938
December 2025
$1,571
$1,938
$2,504
$2,959
November 2025
$1,592
$1,952
$2,470
$2,968
October 2025
$1,595
$1,951
$2,444
$2,962
September 2025
$1,580
$1,902
$2,490
$2,950
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,619
$2,052
$2,606
$2,824
July 2026
$1,611
$2,023
$2,616
$2,927
June 2026
$1,590
$1,996
$2,529
$2,926
May 2026
$1,579
$2,064
$2,552
$2,896
April 2026
$1,572
$1,963
$2,380
$2,885
March 2026
$1,564
$1,975
$2,363
$2,887
February 2026
$1,570
$1,994
$2,532
$2,911
January 2026
$1,582
$2,012
$2,438
$2,933
December 2025
$1,593
$2,021
$2,471
$2,959
November 2025
$1,593
$2,028
$2,441
$2,967
October 2025
$1,591
$2,016
$2,456
$2,954
September 2025
$1,601
$2,009
$2,466
$2,941
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,704
$2,187
$2,433
$3,027
July 2026
$1,692
$2,082
$2,666
$2,992
June 2026
$1,673
$2,099
$2,821
$3,001
May 2026
$1,655
$2,074
$2,713
$3,064
April 2026
$1,645
$1,922
$2,404
$3,113
March 2026
$1,642
$2,060
$2,666
$2,955
February 2026
$1,642
$2,071
$2,715
$3,009
January 2026
$1,641
$2,077
$2,732
$3,000
December 2025
$1,644
$2,091
$2,728
$3,023
November 2025
$1,645
$2,095
$2,725
$3,076
October 2025
$1,637
$2,085
$2,734
$3,056
September 2025
$1,629
$2,088
$2,742
$3,037
Similar Markets in Minneapolis-St. Paul-Bloomington