Median Age
50 Years
Largest Age Group
60-69 Years
Approximately 16% of Residents
Under 20
17%
Over 65
28%
Excelsior
Excelsior, MN Area Guide
Avg Rent
$1,237
Population
2,527
Renter Mix
57% Rent
A delightful lakeside hamlet just minutes from the Twin Cities
Suburb
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Commuter
•
Lake
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Nature
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Outdoors
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Boating
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Safe
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Low Crime
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Schools
•
Family-Friendly
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Perched on the southern shore of Lake Minnetonka, Excelsior feels less like a suburb and more like a lakeside town that happens to be 15 miles from downtown Minneapolis. Its compact Main Street is lined with locally owned shops, casual eateries, and Excelsior Brewing Company, which has anchored the community since 2012. Excelsior Commons, a beloved waterfront park, gives residents easy access to the lake for boating, swimming, or simply enjoying a quiet afternoon outdoors. The commercial district along Water Street is listed on the National Register of Historic Places, and the town's well-preserved Victorian-era homes add genuine character throughout the neighborhoods.
The rental market here is intimate but diverse, with charming apartment communities, townhomes, and lodge-style rentals that reflect the area's relaxed lakeside personality. Studios and one-bedroom options offer an affordable entry point, while larger two- and three-bedroom units suit those who want more space. Each summer, the city hosts the Excelsior Art on the Lake festival, drawing artists and visitors from across the region to this scenic stretch of shoreline. For those who want small-town charm without straying far from a major metro, Excelsior is a genuinely compelling place to call home.
Demographics
Median Household Income
$101,981
Average: $137,079
Education
1,168
Residents Have a Degree
Job Market
1,487
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Excelsior has more renters than homeowners.
Renters
57%
Non-Renters
43%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
41%
Other Education
59%
Rent Trends
As of April 2026, the average apartment rent in Excelsior, MN is $1,111 for a studio, $1,238 for one bedroom, $1,830 for two bedrooms, and $2,144 for three bedrooms. Apartment rent in Excelsior has decreased by -3.2% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,238/month
724 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Excelsior, MN is for everyday living.
Moderately Walkable
Walkability
70
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Scores provided by
Schools
Public
Grades K-5
904 Students
Public
Grades K-5
739 Students
Public
Grades 6-8
1,274 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Lake Minnewashta Regional Park
- Minnesota Landscape Arboretum
- Lake Minnetonka Regional Park
- Riley Lake Park
- Noerenberg Memorial Gardens
Military Bases
Airports
- Minneapolis-St Paul International/Wold-Chamberlain
Top Apartments in Excelsior
Houses for Rent in Excelsior
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.