Prior Lake, MN rental market
Last updated August 10, 2025
Rental market summary
The average rent for all bedrooms and all property types in Prior Lake, MN is $1,699.
$1,699
-$296
-$400
26
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $800 to $4,500.
| Rent price | Number of rental properties |
|---|---|
| $700 | 1 |
| $800 | 1 |
| $1,000 | 1 |
| $1,100 | 3 |
| $1,400 | 3 |
| $1,500 | 1 |
| $1,600 | 5 |
| $1,900 | 1 |
| $2,000 | 2 |
| $2,100 | 2 |
| $2,200 | 2 |
| $2,300 | 1 |
| $2,600 | 2 |
| $2,700 | 2 |
| $2,800 | 1 |
| $2,900 | 2 |
| $3,400 | 1 |
| $3,800 | 1 |
| $3,900 | 2 |
| $4,400 | 1 |
| $4,500+ | 1 |
Average rent price over time
In the last year, rent has decreased by $400 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $2,300 | $1,850 |
| Feb | $2,195 | $2,113 |
| Mar | $2,025 | $1,897 |
| Apr | $1,895 | $1,619 |
| May | $1,695 | $2,250 |
| Jun | $2,000 | $2,175 |
| Jul | $1,800 | $2,299 |
| Aug | $2,249 | $2,100 |
| Sep | $2,200 | No data |
| Oct | $2,450 | No data |
| Nov | $1,899 | No data |
| Dec | $1,995 | No data |
Market temperature
The Prior Lake, MN rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Prior Lake, MN is 19% lower than the national average.
$1,699
$2,100
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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 $1,699.
2. How much does it cost to rent a house in Prior Lake, MN?
Houses in Prior Lake, MN rent between $800 - $4,500 with an average rent of $1,699.
3. 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 $400
4. 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 decreased by $296
5. How many available rentals are there in Prior Lake, MN?
There are currently 26 rentals available in Prior Lake, MN.
6. How do rent prices in Prior Lake, MN compare with the national average?
The average rent in Prior Lake, MN is $1,699 — 19.1% lower the national average of $2,100.