Venue on 78th
541 W 78th St,
Chanhassen, MN 55317
Studio - 3 Beds | $1,495 - $3,270
Rental Market Trends in Chanhassen, MN
What is the average rent in Chanhassen, MN?
$1,551/month
Average Rent
761 Sq Ft
Average Apartment Size
+2.4%
Increase in the Last Year
Chanhassen, MN Rental Market Overview
The average rent in Chanhassen, MN is $1,551 per month. For comparison, the national average rent price in the US is currently $1,662/month, which means Chanhassen rent prices are 7% lower than the national average.
- Studio apartments in Chanhassen average $1,032 per month.
- One-bedroom apartments in Chanhassen average $1,551 per month.
- Two-bedroom apartments in Chanhassen average $1,908 per month.
- Three-bedroom apartments in Chanhassen average $2,552 or more per month.
Data Updated: July 1, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Chanhassen, MN?
In the past year, rent has increased by 2.4%, which averages out to $38 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2026
Legend
2025
2026
Rent Ranges in Chanhassen, MN
Last Updated July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
33%
$1,001 - $1,500/month
67%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Chanhassen, MN?
Because the average rent in Chanhassen is $1,551, you’ll want to make about $5,170 per month or $62,040 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Chanhassen?
The average rent in Chanhassen is $1,551 per month, which is 6.7% lower than the national average of $1,662.
What is the average rent for a townhome in Chanhassen?
The average rent for a townhome in Chanhassen, MN is $1,930 per month.
Are rents going up or down in Chanhassen?
Rents in Chanhassen, MN are increasing, with prices up 2.4% year-over-year and $38 more per month.
What rent range is most common in Chanhassen?
In Chanhassen, MN, 67% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 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.
* Percentages may not total 100 due to rounding.