Prior Lake, MN rental market

What is the average rent in Prior Lake, MN?

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Last updated June 26, 2026

Rental market summary

The average rent for all bedrooms and all property types in Prior Lake, MN is $2,250.

Average rent

$2,250

Month-over-month change

+$250

Year-over-year change

-$200

Available rentals

44

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $1,095 to $5,295.

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Rent frequencies
Rent priceNumber of rental properties
$1,0001
$1,1002
$1,2003
$1,4001
$1,5005
$1,6003
$1,7002
$1,8003
$1,9002
$2,0001
$2,1001
$2,2002
$2,5001
$2,6005
$2,7001
$2,8003
$2,9003
$3,0002
$3,1004
$3,2002
$3,3001
$3,4002
$3,5001
$4,3001
$4,4002
$5,000+1

Average rent price over time

In the last year, rent has decreased by $200 compared to the previous year.

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Average rent price over time
Last year (2025)This year (2026)
Jan$1,850$1,583
Feb$2,113$1,700
Mar$1,897$1,773
Apr$1,619$2,300
May$2,250$2,495
Jun$2,175$2,000
Jul$2,299No data
Aug$2,100No data
Sep$1,584No data
Oct$1,579No data
Nov$1,592No data
Dec$1,726No data

Market temperature

The Prior Lake, MN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in Prior Lake, MN is 12% higher than the national average.

Prior Lake, MNvs.

$2,250

$2,013

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Frequently asked questions

1. What is the average rent in Prior Lake, MN?

The average rent in Prior Lake, MN is $2,250.

2. What is the average rent for a studio apartment in Prior Lake, MN?

The average rent for a studio apartment in Prior Lake, MN is $1,195 per month.

3. What is the average rent for a one-bedroom apartment in Prior Lake, MN?

The average rent for a one-bedroom apartment in Prior Lake, MN is $1,382 per month.

4. What is the average rent for a two-bedroom apartment in Prior Lake, MN?

The average rent for a two-bedroom apartment in Prior Lake, MN is $1,635 per month.

5. What is the average rent for a three-bedroom apartment in Prior Lake, MN?

The average rent for a three-bedroom apartment in Prior Lake, MN is $2,644 per month.

6. What is the average rent for a four-bedroom apartment in Prior Lake, MN?

The average rent for a four-bedroom apartment in Prior Lake, MN is $3,085 per month.

7. How much does it cost to rent a house in Prior Lake, MN?

Houses in Prior Lake, MN rent between $1,095 - $5,295 with an average rent of $2,250.

8. How has the rent in Prior Lake, MN changed in the last year?

In the last year, the rent in Prior Lake, MN decreased by $200

9. How much has the rent in Prior Lake, MN increased/decreased in the last month?

In the last month, the rent in Prior Lake, MN increased by $250

10. How many available rentals are there in Prior Lake, MN?

There are currently 44 rentals available in Prior Lake, MN.

11. How do rent prices in Prior Lake, MN compare with the national average?

The average rent in Prior Lake, MN is $2,250 — 11.77% higher the national average of $2,013.

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