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Rental Market Trends in Saint Louis Park, MN

Updated July 2026

The average rent in Saint Louis Park, MN is $1,533/month.

Rent in Saint Louis Park is roughly equal to the national average rent of of $1,662/month.

$1,533/month

Average Rent

732 Sq Ft

Average Size

+1.4%

Change / Year

2,251

Available Apartments

Saint Louis Park rent varies by unit size and layout:

  • Studio apartments in Saint Louis Park average $1,293 per month.
  • One-bedroom apartments in Saint Louis Park average $1,533 per month.
  • Two-bedroom apartments in Saint Louis Park average $1,923 per month.
  • Three-bedroom apartments in Saint Louis Park average $2,267 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,293/month
492 Sq Ft
One Bedroom
$1,533/month
732 Sq Ft
Two Bedroom
$1,923/month
1,063 Sq Ft
Three Bedroom
$2,267/month
1,258 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$3,128/month
1,871 Sq Ft
Four Bedroom
$4,872/month
2,683 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,495/month
895 Sq Ft
Two Bedroom
$2,291/month
1,054 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,329/month
1,320 Sq Ft
View Saint Louis Park Apartments

How much has average rent changed in Saint Louis Park, MN?

In the past year, rent has increased by 1.4%, which averages out to $22 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Saint Louis Park, MN

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Saint Louis Park, MN
Percentage*
Rent Range
0% Below $700/month
7% $700 - $1,000/month
56% $1,001 - $1,500/month
23% $1,501 - $2,000/month
14% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Saint Louis Park?

Based on current rent prices, Meadowbrook, Aquila and Eliot are the most affordable neighborhoods in Saint Louis Park.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Meadowbrook
$1,205/month
550 Sq Ft
Aquila
$1,445/month
729 Sq Ft
Eliot
$1,550/month
775 Sq Ft
Triangle
$1,587/month
783 Sq Ft
Sorensen
$1,610/month
792 Sq Ft
Texa-Tonka
$1,634/month
682 Sq Ft
Shelard Park
$1,705/month
810 Sq Ft
South Oak Hill
$1,712/month
788 Sq Ft
Elmwood
$1,758/month
816 Sq Ft
Minikahda Vista
$1,770/month
785 Sq Ft

What are the most expensive neighborhoods in Saint Louis Park?

Based on current rent prices, Blackstone, Lenox and Wolfe Park are the most expensive neighborhoods in Saint Louis Park.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Blackstone
$1,929/month
788 Sq Ft
Lenox
$1,863/month
805 Sq Ft
Wolfe Park
$1,785/month
780 Sq Ft
Cobblecrest
$1,775/month
722 Sq Ft
Minikahda Vista
$1,770/month
785 Sq Ft
Elmwood
$1,758/month
816 Sq Ft
South Oak Hill
$1,712/month
788 Sq Ft
Shelard Park
$1,705/month
810 Sq Ft
Texa-Tonka
$1,634/month
682 Sq Ft
Sorensen
$1,610/month
792 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 .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Wolfe Park
$1,785/month
780 Sq Ft
Triangle
$1,587/month
783 Sq Ft
Blackstone
$1,929/month
788 Sq Ft
Aquila
$1,445/month
729 Sq Ft
Minikahda Vista
$1,770/month
785 Sq Ft
Elmwood
$1,758/month
816 Sq Ft
Meadowbrook
$1,205/month
550 Sq Ft
Shelard Park
$1,705/month
810 Sq Ft
South Oak Hill
$1,712/month
788 Sq Ft
Cobblecrest
$1,775/month
722 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Saint Louis Park, MN?

Because the average rent in Saint Louis Park is $1,533, you’ll want to make about $5,110 per month or $61,320 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.

City

Saint Louis Park, MN

2,251 Available Apartments for Rent

Search for Nearby Apartments

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.

View the Saint Louis Park Area Guide

Apartment Averages

Meadowbrook

Saint Louis Park, MN

Blackstone

Saint Louis Park, MN

Studio
$1,089/month
$1,735/month
One Bedroom
$1,193/month
$1,917/month
Two Bedroom
$1,939/month
$2,596/month
Three Bedroom
-
$3,753/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Hopkins

    Hopkins

  • Golden Valley

    Golden Valley

  • Edina

    Edina

  • Minnetonka

    Minnetonka

  • Robbinsdale

    Robbinsdale

  • Minneapolis

    Minneapolis

  • Crystal

    Crystal

  • New Hope

    New Hope

Apartment Communities in Saint Louis Park We Think You'll Love

Arlo West End

Arlo West End

1325 Utica Ave S,
Saint Louis Park, MN 55416

Studio - 3 Beds | $2,055 - $3,680

Cedar Hills

Cedar Hills

11050 Cedar Hills Blvd,
Minnetonka, MN 55305

1-3 Beds | $1,450 - $1,895

Hoigaard Village

Hoigaard Village

5690 W 36th St,
Saint Louis Park, MN 55416

Studio - 2 Beds | $1,674 - $2,522

Excelsior & Grand

Excelsior & Grand

3820 Grand Way,
Saint Louis Park, MN 55416

Studio - 2 Beds | $2,113 - $3,413

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Frequently Asked Questions

What is the average rent in Saint Louis Park?

The average rent in Saint Louis Park is $1,533 per month, which is 7.8% lower than the national average of $1,662.

What is the average rent for a house in Saint Louis Park?

The average rent for a house in Saint Louis Park, MN is $3,128 per month.

What is the average rent for a townhome in Saint Louis Park?

The average rent for a townhome in Saint Louis Park, MN is $2,329 per month.

What is the average rent for a condo in Saint Louis Park?

The average rent for a condo in Saint Louis Park, MN is $1,495 per month.

Are rents going up or down in Saint Louis Park?

Rents in Saint Louis Park, MN are increasing, with prices up 1.4% year-over-year and $22 more per month.

What rent range is most common in Saint Louis Park?

In Saint Louis Park, MN, 56% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Minnesota Saint Louis Park Rental Trends

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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity