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Rental Market Trends in Saint Louis Park, MN

What is the average rent in Saint Louis Park, MN?

$1,547/month

Average Rent

733 Sq Ft

Average Apartment Size

+1.2%

Increase in the Last Year

Saint Louis Park, MN Rental Market Overview

The average rent in Saint Louis Park, MN is $1,547 per month. For comparison, the national average rent price in the US is currently $1,644/month, which means Saint Louis Park rent prices are 6% lower than the national average.

  • Studio apartments in Saint Louis Park average $1,284 per month.
  • One-bedroom apartments in Saint Louis Park average $1,547 per month.
  • Two-bedroom apartments in Saint Louis Park average $1,901 per month.
  • Three-bedroom apartments in Saint Louis Park average $2,263 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,284/month
488 Sq Ft
One Bedroom
$1,547/month
733 Sq Ft
Two Bedroom
$1,901/month
1,046 Sq Ft
Three Bedroom
$2,263/month
1,258 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,797/month
1,430 Sq Ft
Four Bedroom
$4,364/month
2,338 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,670/month
1,147 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 1.2%, which averages out to $19 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Saint Louis Park, MN
Last Updated June 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
8% $700 - $1,000/month
56% $1,001 - $1,500/month
22% $1,501 - $2,000/month
14% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Saint Louis Park?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Meadowbrook
$1,297/month
550 Sq Ft
Aquila
$1,424/month
740 Sq Ft
Texa-Tonka
$1,549/month
721 Sq Ft
Triangle
$1,566/month
764 Sq Ft
Eliot
$1,611/month
748 Sq Ft
Minikahda Vista
$1,761/month
781 Sq Ft
Sorensen
$1,763/month
711 Sq Ft
Wolfe Park
$1,831/month
766 Sq Ft
Elmwood
$1,842/month
774 Sq Ft
Cobblecrest
$1,846/month
737 Sq Ft

What are the most expensive neighborhoods in Saint Louis Park?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Blackstone
$2,205/month
784 Sq Ft
Lenox
$1,985/month
805 Sq Ft
Shelard Park
$1,984/month
810 Sq Ft
South Oak Hill
$1,892/month
801 Sq Ft
Cobblecrest
$1,846/month
737 Sq Ft
Elmwood
$1,842/month
774 Sq Ft
Wolfe Park
$1,831/month
766 Sq Ft
Sorensen
$1,763/month
711 Sq Ft
Minikahda Vista
$1,761/month
781 Sq Ft
Eliot
$1,611/month
748 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 Minikahda Vista .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Wolfe Park
$1,831/month
766 Sq Ft
Triangle
$1,566/month
764 Sq Ft
Minikahda Vista
$1,761/month
781 Sq Ft
Blackstone
$2,205/month
784 Sq Ft
Elmwood
$1,842/month
774 Sq Ft
Aquila
$1,424/month
740 Sq Ft
Sorensen
$1,763/month
711 Sq Ft
Meadowbrook
$1,297/month
550 Sq Ft
Shelard Park
$1,984/month
810 Sq Ft
Eliot
$1,611/month
748 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 $1,547, you’ll want to make about $5,156 per month or $61,872 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

2,442 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.

Explore the Area Guide for Saint Louis Park, MN

Apartment Averages

Meadowbrook

Saint Louis Park, MN

Blackstone

Saint Louis Park, MN

Studio
$1,112/month
$1,744/month
One Bedroom
$1,228/month
$1,924/month
Two Bedroom
$1,891/month
$2,585/month
Three Bedroom
-
$3,659/month
Search
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Nearby City Rent Trends

  • Hopkins Average Rent
  • Golden Valley Average Rent
  • Edina Average Rent
  • Minnetonka Average Rent
  • Robbinsdale Average Rent
  • Minneapolis Average Rent
  • Crystal Average Rent
  • New Hope Average Rent

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

$1,829 - $3,550 Total Monthly Price

Studio - 3 Beds | 12 Month Lease

Cedar Hills

Cedar Hills

11050 Cedar Hills Blvd,
Minnetonka, MN 55305

$1,345 - $1,825 Plus Fees

1-3 Beds | 12 Month Lease

Hoigaard Village

Hoigaard Village

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

$1,628 - $3,202 Total Monthly Price

Studio - 2 Beds

Excelsior & Grand

Excelsior & Grand

3820 Grand Way,
Saint Louis Park, MN 55416

$1,495 - $3,995 Plus Fees

Studio - 2 Beds | 12 Month Lease

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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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© 2026 CoStar Group, Inc.

Equal Housing Opportunity