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Rental Market Trends in Saint Michael, MN

What is the average rent in Saint Michael, MN?

$1,496/month

Average Rent

769 Sq Ft

Average Apartment Size

-1%

Decrease in the Last Year

As of September 2025, the average rent in Saint Michael, MN is $1,496 per month. For comparison, the national average rent price in the US is currently $1,640/month, which means Saint Michael rent prices are 9% lower than the national average. When you rent an apartment in Saint Michael, you can expect to pay about $1,350 per month for a studio, $1,496 for a one-bedroom apartment, and around $1,756 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,812 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,350/month
571 Sq Ft
One Bedroom
$1,496/month
769 Sq Ft
Two Bedroom
$1,756/month
1,087 Sq Ft
Three Bedroom
$1,812/month
1,356 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$3,241/month
2,830 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 decreased by 1%, which averages out to $15 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated September 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Saint Michael, MN
Last Updated September 2025
$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 $1,496, you’ll want to make about $4,986 per month or $59,832 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

57 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 - St. Michael's Newes...

The Dylan Apartments - St. Michael's Newes...

11910 Town Center dr,
Saint Michael, MN 55376

$1,258 - $2,400

Studio - 3 Beds

Village at Town Center - St. Michael

Village at Town Center - St. Michael

11811 Frankfort Pky NE,
Saint Michael, MN 55376

$1,450 - $1,875

1-2 Beds

Kingston Crossings

Kingston Crossings

5400 Kingston Ln NE,
Albertville, MN 55301

$1,745 - $2,395

2-3 Beds

Westwind Apartments

Westwind Apartments

6155-6198 Kalenda Ct NE,
Albertville, MN 55301

$1,075 - $1,300

1-2 Beds

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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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity