Lakeville, MN · Minneapolis metro

Long-term Rental Rates — September 2026  ·  ZIPs: 55044

Local market data by Estaite

As of September 2026, rental prices in Lakeville (55044), in the Minneapolis metro area, range from $1,604 to $3,164 per month depending on property type and bedroom count.

The largest year-over-year increase was in 2-bedroom apartments, which rose 7.54% in Lakeville, MN, with apartment YoY gains across all bedroom counts at 4.67%, 7.54%, 5.51%, and 7.24% for 1- to 4-bedrooms.

For 3-bedroom units, apartments have a median rent of $2,627, compared to $2,679 for single-family homes in Lakeville.

What is the typical rent range for apartments, condos, and single-family homes in Lakeville, MN?

As of September 2026, monthly rents in Lakeville, MN range from $1,604 for a 1-bedroom condo/townhome to $3,164 for a 4-bedroom apartment.

Which rental segment saw the highest annual growth in Lakeville, MN, and is that increase reflected across all bedroom counts for that type?

The biggest annual growth is in 2-bedroom apartments, which increased 7.54% YoY, and apartments overall saw YoY increases of 4.67% for 1BR, 7.54% for 2BR, 5.51% for 3BR, and 7.24% for 4BR.

What is the rent premium between apartments and single-family homes in Lakeville, MN for the same bedroom count?

For 2-bedroom units, apartments are $2,045 while single-family homes are $2,055; for 3-bedroom units, apartments are $2,627 and single-family homes are $2,679, with single-family rents exceeding apartment rents by $10 for 2BR and $52 for 3BR.

Which segment in Lakeville, MN has an outlier number compared to others?

3-bedroom single-family homes saw a notable month-over-month rent increase of 10.09% in September 2026, reaching $2,679.

Lakeville, MN · Minneapolis metro

September 2026

55044

Long-term Rental Rates

Long-term rental rates for Lakeville (55044), in the Minneapolis metro area, as of September 2026.

Apartment

Unit Type Price 1 Mo Change 1 Yr Change
1-Bedroom $1,571 – $1,736 4.40% 4.67%
2-Bedroom $1,943 – $2,148 10.06% 7.54%
3-Bedroom $2,483 – $2,772 5.68% 5.51%
4-Bedroom $2,990 – $3,338 5.56% 7.24%

Condo/Townhome

Unit Type Price 1 Mo Change 1 Yr Change
1-Bedroom $1,564 – $1,644 -0.93% 0.19%
2-Bedroom $1,973 – $2,074 -1.41% 0.71%
3-Bedroom $2,461 – $2,613 -2.64% 2.88%
4-Bedroom $2,886 – $3,064 5.34% 1.16%

Single-Family

Unit Type Price 1 Mo Change 1 Yr Change
1-Bedroom $1,701 – $1,766 0.41% 5.03%
2-Bedroom $2,003 – $2,106 -6.06% -1.60%
3-Bedroom $2,599 – $2,759 10.09% -2.30%
4-Bedroom $3,002 – $3,187 2.22% 1.89%
Data updated: October 19, 2026
Lakeville Rental Trends · Minneapolis metro

In the Lakeville (55044) rental market, 2-bedroom single-family homes surged 5.07% month-over-month to a median rent of $2,187 in August 2026. This rapid increase strengthens the appeal of mid-sized single-family units for owners in Lakeville (55044).

Comparing segments within Lakeville (55044), 3-bedroom apartments reached a median rent of $2,486, leading single-family 3-bedroom homes by $53 as those units declined -8.73% MoM to $2,433. Apartment rents outperformed, boosted by a monthly increase of 4.71%.

Strong annual appreciation in 3-bedroom condo/townhome units is evident, as Lakeville (55044) rental trends show these properties grew 4.28% year-over-year to a median rent of $2,606. This segment is outperforming apartments and single-family homes in annual rent growth.

12-Month Median Rent Trend

Apartment

Month 1 BR 2 BR 3 BR 4 BR
September 2026 $1,654 $2,045 $2,627 $3,164
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

Condo / Townhome

Month 1 BR 2 BR 3 BR 4 BR
September 2026 $1,604 $2,023 $2,537 $2,975
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

Single-Family

Month 1 BR 2 BR 3 BR 4 BR
September 2026 $1,711 $2,055 $2,679 $3,094
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

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