What is the median rent in Prior Lake, MN?

Name: Median rent in Prior Lake, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Prior Lake, MN is $1,654 (±$146) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 1,302 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Prior Lake, the median gross rent went from $1,143 in 2015–2019 to $1,654 in 2020–2024 (+44.7%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,654 (±$146)
Rented homes: 1,302 (±224)
$2,000 or more: 29.7%
Since 2015–2019: +44.7%

How much rent costs in Prior Lake

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Prior Lake	Scott County	Minnesota	United States
Less than $500	3.5% (±4.6 points)	6.1%	8.4%	6.3%
$500 to $999	4.7% (±3.9 points)	6.2%	21.5%	20.2%
$1,000 to $1,499	32.9% (±8.3 points)	33.4%	33.6%	28.1%
$1,500 to $1,999	29.3% (±8.7 points)	32.3%	21.4%	21.1%
$2,000 to $2,499	16.7% (±9.1 points)	13.3%	9.2%	12.0%
$2,500 to $2,999	4.5% (±4.1 points)	4.0%	3.0%	5.5%
$3,000 or more	8.5% (±5.1 points)	4.7%	3.0%	6.8%

The most common range is $1,000 to $1,499, paid by 32.9% of renting households.

29.7% of rented homes in Prior Lake cost $2,000 or more a month.

Prior Lake against Scott County, its state and the nation

Estimate (90% margin of error)
	Prior Lake	Scott County	Minnesota	United States
Median gross rent	$1,654 (±$146)	$1,568 (±$61)	$1,280 (±$7)	$1,413
Rented homes paying rent	1,302 (±224)	8,653 (±627)	614,257 (±4,397)	42,849,984

In Prior Lake, median gross rent is not measurably different from Scott County ($1,568).

It is also higher than in Minnesota ($1,280).

It is higher than the national figure ($1,413).

In Scott County, Prior Lake ranks 7 of 13 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 107 of 1,347.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Prior Lake has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,143 (±$113)	$1,654 (±$146)	+44.7%	Up after inflation
Households that rent	16.2% (±2.3 points)	13.8% (±2.1 points)	−2.4 percentage points	Not a measurable change
Rental vacancy rate	1.6% (±2.4 points)	0.9% (±1.2 points)	−0.7 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Prior Lake

Nearest places with a published estimate, compared with Prior Lake
Place	Distance	Median gross rent	Compared with this place
Prior Lake	—	$1,654 (±$146)	—
Shakopee	3.6 mi	$1,531 (±$89)	Not measurably different
Spring Lake Township	4.3 mi	$2,197 (±$386)	Higher
Savage	4.4 mi	$1,766 (±$73)	Not measurably different
Burnsville	8.4 mi	$1,513 (±$52)	Not measurably different
Sand Creek Township	8.4 mi	$1,325 (±$389)	Not measurably different
Eden Prairie	8.6 mi	$1,833 (±$57)	Higher
Bloomington	9.5 mi	$1,561 (±$36)	Not measurably different
Carver	9.7 mi	$1,379 (±$56)	Lower

Nearby places with a measurably lower figure: Carver, MN ($1,379).

Nearby places with a measurably higher figure: Spring Lake Township, MN ($2,197), Eden Prairie, MN ($1,833).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Scott County, place by place

Rank	Place	Median gross rent
1	St. Lawrence Township	$2,500 (±$1,687)
2	Elko New Market	$2,200 (±$863)
3	Spring Lake Township	$2,197 (±$386)
4	New Market Township	$1,891 (±$769)
5	Savage	$1,766 (±$73)
6	Belle Plaine Township	$1,700 (±$224)
7	Prior Lake	$1,654 (±$146)
8	Shakopee	$1,531 (±$89)
9	New Prague	$1,389 (±$175)
10	Belle Plaine	$1,342 (±$151)
11	Sand Creek Township	$1,325 (±$389)
12	Jordan	$1,192 (±$167)
13	Helena Township	$1,125 (±$529)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Prior Lake

What is the average rent in Prior Lake, MN?

The Census Bureau publishes the median rather than the average: the median gross rent in Prior Lake is $1,654 (±$146) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Prior Lake?

In Prior Lake, the median gross rent went from $1,143 in 2015–2019 to $1,654 in 2020–2024 (+44.7%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in Prior Lake cost more than $2,000 a month?

29.7% of rented homes in Prior Lake have a gross rent of $2,000 or more a month, and 3.5% cost less than $500.

Is rent in Prior Lake higher than in Scott County?

In Prior Lake, median gross rent is not measurably different from Scott County ($1,568).

It is also higher than in Minnesota ($1,280).

It is higher than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Prior Lake city, Minnesota (place:52594, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.