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For the 2025-26 school year, there are 2 public schools serving 411 students in Lakefield, MN (there are , serving 117 private students). 78% of all K-12 students in Lakefield, MN are educated in public schools (compared to the MN state average of 90%).

The top-ranked public schools in Lakefield, MN are Pleasantview Elementary School and Jackson County Central Middle School. Overall testing rank is based on a school's combined math and reading proficiency test score ranking.

Lakefield, MN public schools have an average math proficiency score of 49% (versus the Minnesota public school average of 46%), and reading proficiency score of 47% (versus the 51% statewide average). Schools in Lakefield have an average ranking of 5/10, which is in the bottom 50% of Minnesota public schools.

Minority enrollment is 17% of the student body (majority Hispanic), which is less than the Minnesota public school average of 39% (majority Black and Hispanic).