Rental market snapshot for Prior Lake, Minnesota

Prior Lake, Minnesota Rental Property Market Overview

The average rent for an apartment in Prior Lake is $2,175. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 4.6% over the past year.

Prior Lake is a city in Scott County, Minnesota, United States. The population was 22,796 at the 2010 census. Prior Lake is one of the southwest suburbs of the Twin Cities metropolitan area.

Last Updated December 23, 2022

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Average monthly rent graph in Prior Lake Minnesota | Cost of Living

  • The most expensive ZIP Code in Prior Lake is 55372 with an average price of $2,230
  • The cheapest ZIP Code in Prior Lake is 55372 with an average price of $2,175

Prior Lake ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
155372$2,230

Live near Prior Lake, Minnesota's Top Sights and Attractions

Sand Point Beach is a beautiful sandy beach located on the shores of Prior Lake. The beach is perfect for swimming, sunbathing, and picnicking. There is also a playground and a pavilion for guests to enjoy.

Cleary Lake Regional Park is a 3,000-acre park that includes a variety of amenities such as hiking and biking trails, a beach, a playground, and picnic areas. The park also offers a variety of events and programs throughout the year.

Lakefront Park is a beautiful park located on the shores of Prior Lake. The park features a large playground, a sand volleyball court, a picnic shelter, and a fishing pier. Visitors can also enjoy a scenic view of the lake from the park's observation deck.

Jeffers Pond Park is a beautiful park with a large pond in the middle of it. There are walking trails around the pond, and a playground and picnic area. The park is also home to a variety of wildlife, including ducks, geese, and turtles.

Spring Lake Regional Park is a 3,000-acre park that includes a variety of amenities such as hiking and biking trails, a beach, a dog park, and a playground.

Thomas Ryan Memorial Park is a beautiful park located on the shores of Prior Lake. The park features a playground, picnic areas, a walking trail, and a fishing pier.

Spring Lake Dog Off leash Area is a beautiful spot for dogs and their owners to enjoy. The area is full of trees, flowers, and grass, and there is a large pond for the dogs to play in. The area is also fenced in, so owners can feel safe letting their dogs off leash.

Wilds North Park is a nature preserve with hiking trails, a playground, and a picnic area. The preserve is home to a variety of wildlife, including deer, coyotes, and birds of prey.

Prior Lake, Minnesota area median rent change by ZIP Code map

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How does Prior Lake compare to other cities in Minnesota ?

citymedian price
Shoreview$2,225
Woodbury$2,127
Albertville$2,110
Rosemount$2,395
Richfield$1,945
Saint Louis Park$1,895
Forest Lake$1,622

Average household income in Prior Lake area graph - US Census

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The median household income in Prior Lake in 2021 was $108,481. This represents a 20.8% change from 2011 when the median was $89,805.

#categorypercent
0Less than $10,0002.6%
1$10,000 to $14,9991.3%
2$15,000 to $19,9991.8%
3$20,000 to $24,9992.7%
4$25,000 to $29,9991.9%
5$30,000 to $34,9992.1%
6$35,000 to $39,9991.8%
7$40,000 to $44,9993.4%
8$45,000 to $49,9993.0%
9$50,000 to $59,9997.6%
10$60,000 to $74,9998.3%
11$75,000 to $99,99910.3%
12$100,000 to $124,99911.7%
13$125,000 to $149,9998.7%
14$150,000 to $199,99911.2%
15$200,000 or more21.8%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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