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Rental Market Trends in Saint Peter, MN

What is the average rent in Saint Peter, MN?

$1,118/month

Average Rent

690 Sq Ft

Average Apartment Size

+2.7%

Increase in the Last Year

As of December 2025, the average rent in Saint Peter, MN is $1,118 per month. This is 31% lower than the national average rent of $1,631/month, making renting in Saint Peter more affordable than most cities in the US. When you rent an apartment in Saint Peter, you can expect to pay about $972 per month for a studio, $1,118 for a one-bedroom apartment, and around $1,237 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,311 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$972/month
543 Sq Ft
One Bedroom
$1,118/month
690 Sq Ft
Two Bedroom
$1,237/month
979 Sq Ft
Three Bedroom
$1,311/month
1,504 Sq Ft
Floor Plan Type
Average Rent
Average 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 Peter, MN?

In the past year, rent has increased by 2.7%, which averages out to $31 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 December 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Saint Peter, MN
Last Updated December 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Saint Peter, MN
Percentage*
Rent Range
0% Below $700/month
31% $700 - $1,000/month
62% $1,001 - $1,500/month
8% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Saint Peter is $1,118, you’ll want to make about $3,726 per month or $44,712 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 Peter, MN

26 Available Apartments for Rent

Search for Nearby Apartments

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

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

Apartment Averages

Nearby City Rent Trends

  • North Mankato Average Rent

Apartment communities in Saint Peter we think you'll love

Traverse Green Apartments

Traverse Green Apartments

2021 Clark St,
Saint Peter, MN 56082

$1,175 - $1,450 Plus Fees

1-2 Beds

Capital Lofts

Capital Lofts

970 N 3rd St,
Saint Peter, MN 56082

$1,095 - $1,495 Plus Fees

1-2 Beds

RoK Lofts

RoK Lofts

410 S Minnesota Ave,
Saint Peter, MN 56082

$1,100 - $1,475 Plus Fees

1-2 Beds | 12 Month Lease

Welco West

Welco West

1901 Meridian St,
Saint Peter, MN 56082

$975 - $1,300 Plus Fees

Studio - 2 Beds

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United States Minnesota Saint Peter 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity