Cedar Hills
11050 Cedar Hills Blvd,
Minnetonka, MN 55305
$1,395 - $1,800 Plus Fees
1-3 Beds | 12 Month Lease
Rental Market Trends in Saint Louis Park, MN
What is the average rent in Saint Louis Park, MN?
$1,495/month
Average Rent
740 Sq Ft
Average Apartment Size
+0.4%
Increase in the Last Year
As of January 2026, the average rent in Saint Louis Park, MN is $1,495 per month. For comparison, the national average rent price in the US is currently $1,624/month, which means Saint Louis Park rent prices are 8% lower than the national average. When you rent an apartment in Saint Louis Park, you can expect to pay about $1,293 per month for a studio, $1,495 for a one-bedroom apartment, and around $1,869 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,203 or more.
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 Saint Louis Park, MN?
In the past year, rent has increased by 0.4%, which averages out to $6 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 January 2026
Legend
2025
2026
Rent Ranges in Saint Louis Park, MN
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
9%
$700 - $1,000/month
54%
$1,001 - $1,500/month
26%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Saint Louis Park?
Based on current rent prices, Meadowbrook, Aquila and Sunset Gables are the most affordable neighborhoods in Saint Louis Park.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Saint Louis Park?
Based on current rent prices, Blackstone, Wolfe Park and Elmwood are the most expensive neighborhoods in Saint Louis Park.
Neighborhood
Average Rent
Average Sq Ft
Which Saint Louis Park neighborhoods have the most rentals available?
The neighborhoods in Saint Louis Park with the most apartments available are Wolfe Park, Triangle and Blackstone .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Saint Louis Park, MN?
Because the average rent in Saint Louis Park is $1,495, you’ll want to make about $4,983 per month or $59,796 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 Saint Louis Park, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Saint Louis Park, 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.
Studio
$1,112/month
$1,734/month
One Bedroom
$1,173/month
$1,917/month
Two Bedroom
$1,726/month
$2,559/month
Three Bedroom
-
$3,609/month
Nearby City Rent Trends
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Kleinman Realty
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Metes & Bounds Management Company
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22
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16
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Main Street Companies, Inc.
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11
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738
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7
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Greystar
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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 November 2025.
* Percentages may not total 100 due to rounding.