Holden House
1554 Midway Pky,
Saint Paul, MN 55108
Studio - 2 Beds | $1,449 - $2,250
Rental Market Trends in Falcon Heights, MN
Updated July 2026
The average rent in Falcon Heights, MN is $1,181/month.
Rent in Falcon Heights is 29% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.
$1,181/month
Average Rent
674 Sq Ft
Average Size
+0.9%
Change / Year
190
Available Apartments
Falcon Heights rent varies by unit size and layout:
- Studio apartments in Falcon Heights average $926 per month.
- One-bedroom apartments in Falcon Heights average $1,181 per month.
- Two-bedroom apartments in Falcon Heights average $1,362 per month.
- Three-bedroom apartments in Falcon Heights average $1,769 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Falcon Heights, MN?
In the past year, rent has increased by 0.9%, which averages out to $11 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Falcon Heights, MN
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
29%
$700 - $1,000/month
43%
$1,001 - $1,500/month
29%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Falcon Heights?
Based on current rent prices, Commonwealth Terrace is the most affordable neighborhood in Falcon Heights.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Falcon Heights?
Based on current rent prices, Commonwealth Terrace is the most expensive neighborhood in Falcon Heights.
Neighborhood
Average Rent
Average Sq Ft
Which Falcon Heights neighborhoods have the most rentals available?
The neighborhood in Falcon Heights with the most apartments available is Commonwealth Terrace .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Falcon Heights, MN?
Because the average rent in Falcon Heights is $1,181, you’ll want to make about $3,936 per month or $47,232 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.
How does Falcon Heights, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Falcon Heights, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Falcon Heights Area GuideStudio
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Two Bedroom
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Three Bedroom
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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 Falcon Heights?
The average rent in Falcon Heights is $1,181 per month, which is 28.9% lower than the national average of $1,662.
Are rents going up or down in Falcon Heights?
Rents in Falcon Heights, MN are increasing, with prices up 0.9% year-over-year and $11 more per month.
What rent range is most common in Falcon Heights?
In Falcon Heights, MN, 43% of apartments fall between $1,001 - $1,500/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.