2

Prior Lake, MN Condos for Rent

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  • /40

    $1,395

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 915 Sq Ft
    • Condo for Rent

    16704 Brunswick Ave SE Unit 201, Prior Lake, MN 55372

    Comfortable Living in the Heart of Prior Lake--$100 off for 8 months! Regular Rent is $1495/mo, but if you move in by June 26, you pay only $1395/mo for the first 8 months.--Appliances: Range, Refrigerator, Dishwasher, Wall A/CPet Policy: Friendly Dog OK with $500 non refundable pet fee + $35/month pet rent.Cats OK with $250 non refundable pet fee + $25/month pet

    16704 Brunswick Ave SE Unit 201, Prior Lake, MN 55372
  • /43

    $1,650

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,120 Sq Ft
    • Condo for Rent

    16650 Brunswick Ave SE Unit 200, Prior Lake, MN 55372

    Comfortable Living in the Heart of Prior Lake--$100 off for 8 months! Regular Rent is $1750/mo, but if you move in by June 26, you pay only $1650/mo for the first 8 months.--Appliances: Range, Refrigerator, Dishwasher, Wall A/CPet Policy: Friendly Dog OK with $500 non refundable pet fee + $35/month pet rent.Cats OK with $250 non refundable pet fee + $25/month pet

    16650 Brunswick Ave SE Unit 200, Prior Lake, MN 55372

Frequently Asked Questions

How much does it cost to rent a condo in Prior Lake, MN?
The median rent for a condo in Prior Lake, MN is $1,650 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Prior Lake, MN?
To comfortably afford the median rent in Prior Lake, MN, a household needs to earn roughly $83,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,097 per month in Prior Lake, MN, renters typically need to show $6,291 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Prior Lake, MN?
In Prior Lake, MN, the price-to-rent ratio is 19.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Prior Lake, MN are best for renting a condo?
The best neighborhood for renting in Prior Lake, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include West Bloomington and Armatage, each with its own character and price range.

Rental Home Trends in Prior Lake, MN

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,650
Median 2 Bedroom Condo Rent
$1,395
Median 3 Bedroom Condo Rent
$1,650
How to Rent a Home