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Rental Market Trends in Saint Michael, MN

What is the average rent in Saint Michael, MN?

$1,531/month

Average Rent

765 Sq Ft

Average Apartment Size

+5.4%

Increase in the Last Year

As of March 2026, the average rent in Saint Michael, MN is $1,531 per month. For comparison, the national average rent price in the US is currently $1,627/month, which means Saint Michael rent prices are 6% lower than the national average. When you rent an apartment in Saint Michael, you can expect to pay about $1,373 per month for a studio, $1,531 for a one-bedroom apartment, and around $1,759 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,867 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,373/month
571 Sq Ft
One Bedroom
$1,531/month
765 Sq Ft
Two Bedroom
$1,759/month
1,111 Sq Ft
Three Bedroom
$1,867/month
1,356 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,684/month
2,412 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 Michael, MN?

In the past year, rent has increased by 5.4%, which averages out to $83 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 March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Saint Michael, MN
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Saint Michael, MN
Percentage*
Rent Range
0% Below $700/month
20% $700 - $1,000/month
40% $1,001 - $1,500/month
40% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Saint Michael is $1,531, you’ll want to make about $5,103 per month or $61,236 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 Michael, MN

82 Available Apartments for Rent

Search for Nearby Apartments

How does Saint Michael, MN compare to other nearby cities and neighborhoods?

Use the tool below to compare Saint Michael, 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 Michael, MN

Apartment Averages

Nearby City Rent Trends

  • Rogers Average Rent
  • Otsego Average Rent

Apartment communities in Saint Michael we think you'll love

The Dylan Apartments

The Dylan Apartments

11910 Town Center dr,
Saint Michael, MN 55376

$1,413 - $2,442 Total Monthly Price

Studio - 3 Beds | 12 Month Lease

Village at Town Center - St. Michael

Village at Town Center - St. Michael

11811 Frankfort Pky NE,
Saint Michael, MN 55376

$1,265 - $2,625 Plus Fees

Studio - 3 Beds

Kingston Crossings

Kingston Crossings

5400 Kingston Ln NE,
Albertville, MN 55301

$1,475 - $2,595 Plus Fees

1-3 Beds | 12 Month Lease

Bedford Apartments

Bedford Apartments

10740 County Road 37 NE,
Albertville, MN 55301

$1,165 - $1,955 Plus Fees

1-3 Beds | 12 Month Lease

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United States Minnesota Saint Michael 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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity