The Murphy
15425 Dakota Ave,
Savage, MN 55372
Studio - 3 Beds | $1,525 - $1,825
Rental Market Trends in Savage, MN
What is the average rent in Savage, MN?
$1,445/month
Average Rent
770 Sq Ft
Average Apartment Size
+1.6%
Increase in the Last Year
Savage, MN Rental Market Overview
The average rent in Savage, MN is $1,445 per month. For comparison, the national average rent price in the US is currently $1,662/month, which means Savage rent prices are 13% lower than the national average.
- Studio apartments in Savage average $1,394 per month.
- One-bedroom apartments in Savage average $1,445 per month.
- Two-bedroom apartments in Savage average $1,702 per month.
- Three-bedroom apartments in Savage average $1,862 or more per month.
Data Updated: July 1, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
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Average Rent
Average Sq Ft
How much has average rent changed in Savage, MN?
In the past year, rent has increased by 1.6%, which averages out to $23 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 July 2026
Legend
2025
2026
Rent Ranges in Savage, MN
Last Updated July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
7%
$700 - $1,000/month
40%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
20%
Above $2,000/month
What salary do I need to live comfortably in Savage, MN?
Because the average rent in Savage is $1,445, you’ll want to make about $4,816 per month or $57,792 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.
How does Savage, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Savage, 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Savage?
The average rent in Savage is $1,445 per month, which is 13.1% lower than the national average of $1,662.
What is the average rent for a house in Savage?
The average rent for a house in Savage, MN is $2,798 per month.
Are rents going up or down in Savage?
Rents in Savage, MN are increasing, with prices up 1.6% year-over-year and $23 more per month.
What rent range is most common in Savage?
In Savage, MN, 40% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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.