Property prices for rent in Prior Lake (Minnesota)

The rent prices in real estate in Prior Lake, in the Minnesota region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$1,662.5
Average price last 6 months
$1.51
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Prior Lake has had a strong fall during the last 6 months. In May, the average price per sq.feet was $1.73. In the following month the price per sq.feet fell to $1.58. The price for the following two months in (July, August) fell 86 % with regard to the previous two months. The price per sq.feet has fallen 93 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.54 to $1.43 during September, and October.

Average price

When referring to the price in Prior Lake (cities), this has risen in the last 6 months. The average price during our first sample month during May, is $1,546. During June the price went through a considerable rise reaching $1,851. In the following two months the average price has hardly changed with regard to the previous two months from $1,698.5 to $1,643. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,670.75 and $1,646 between September and October.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,539 they are 28 % more affordable than the average price for Prior Lake . The properties with the highest average price have 4 bedrooms, Their price is 54 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,746.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.15 / sq.feet, with an average $1.33 / sq.feet price in Prior Lake. The properties with the most expensive average prices have 4 bedrooms. They are 11 % more expensive than the average followed by properties with 1 bedroom with a price at $1.44 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,539 it is 28 % more affordable than the average price in Prior Lake. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Townhouse". At a price of $1,559 it is 20 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.16 / sq.feet followed by "House" priced at $1.29 / sq.feet. "Townhouse" is the most expensive type of property with a $1.55 / sq.feet value followed by "House" with an average price of $1.29 / sq.feet.

Charts data
Average price October
Average price per sq.feet October
Number of properties used in Prior Lake
Number of properties used in region Minnesota
$1,539
$1.33
460
100,324
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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