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Rental Market Trends in Saint Michael, MN

Updated September 2026

The average rent in Saint Michael, MN is $1,552/month.

Rent in Saint Michael is roughly equal to the national average rent of of $1,665/month.

$1,552/month

Average Rent

765 Sq Ft

Average Size

+4%

Change / Year

56

Available Apartments

Saint Michael rent varies by unit size and layout:

  • Studio apartments in Saint Michael average $1,373 per month.
  • One-bedroom apartments in Saint Michael average $1,552 per month.
  • Two-bedroom apartments in Saint Michael average $1,744 per month.
  • Three-bedroom apartments in Saint Michael average $1,843 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,373/month
571 Sq Ft
One Bedroom
$1,552/month
765 Sq Ft
Two Bedroom
$1,744/month
1,111 Sq Ft
Three Bedroom
$1,843/month
1,356 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Four Bedroom
$2,938/month
2,895 Sq Ft
View Saint Michael Apartments

How much has average rent changed in Saint Michael, MN?

In the past year, rent has increased by 4%, which averages out to $63 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Saint Michael, MN

September 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

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Saint Michael?

Based on current rent prices, Wright Far Western Suburbs is the most affordable neighborhood in Saint Michael.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Wright Far Western Suburbs
$1,451/month
760 Sq Ft

What are the most expensive neighborhoods in Saint Michael?

Based on current rent prices, Wright Far Western Suburbs is the most expensive neighborhood in Saint Michael.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Wright Far Western Suburbs
$1,451/month
760 Sq Ft

Which Saint Michael neighborhoods have the most rentals available?

The neighborhood in Saint Michael with the most apartments available is Wright Far Western Suburbs .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Wright Far Western Suburbs
$1,451/month
760 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Saint Michael is $1,552, you’ll want to make about $5,173 per month or $62,076 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

56 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.

View the Saint Michael Area Guide

Apartment Averages

Wright Far Western Suburbs

Saint Michael, MN

Wright Far Western Suburbs

Saint Michael, MN

Studio
$1,290/month
$1,290/month
One Bedroom
$1,318/month
$1,318/month
Two Bedroom
$1,581/month
$1,581/month
Three Bedroom
$1,919/month
$1,919/month
View Rentals
View Rentals

Compare Rent Trends Nearby

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

  • Albertville

    Albertville

    Avg Rent: $1,311/month

  • Rogers

    Rogers

    Avg Rent: $1,656/month

  • Otsego

    Otsego

    Avg Rent: $1,582/month

  • Rockford

    Rockford

    Avg Rent: $682/month

Apartment Communities in Saint Michael We Think You'll Love

The Dylan Apartments

The Dylan Apartments

11910 Town Center dr,
Saint Michael, MN 55376

Studio - 2 Beds | $1,597 - $2,009

Village at Town Center - St. Michael

Village at Town Center - St. Michael

11811 Frankfort Pky NE,
Saint Michael, MN 55376

Studio - 3 Beds | $1,285 - $2,550

Kingston Crossings

Kingston Crossings

5400 Kingston Ln NE,
Albertville, MN 55301

1-2 Beds | $1,640 - $1,895

Bedford Apartments

Bedford Apartments

10740 County Road 37 NE,
Albertville, MN 55301

1-3 Beds | $1,215 - $1,845

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Frequently Asked Questions

What is the average rent in Saint Michael?

The average rent in Saint Michael is $1,552 per month, which is 6.8% lower than the national average of $1,665.

Are rents going up or down in Saint Michael?

Rents in Saint Michael, MN are increasing, with prices up 4.0% year-over-year and $63 more per month.

What rent range is most common in Saint Michael?

In Saint Michael, MN, 40% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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 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