Gateway Court Townhomes - Shakopee, MN
1220 Taylor St,
Shakopee, MN 55379
3 Beds | $3,010 - $3,140
Rental Market Trends in Shakopee, MN
Updated August 2026
The average rent in Shakopee, MN is $1,506/month.
Rent in Shakopee is roughly equal to the national average rent of of $1,664/month.
$1,506/month
Average Rent
750 Sq Ft
Average Size
+2.8%
Change / Year
428
Available Apartments
Shakopee rent varies by unit size and layout:
- Studio apartments in Shakopee average $1,339 per month.
- One-bedroom apartments in Shakopee average $1,506 per month.
- Two-bedroom apartments in Shakopee average $1,865 per month.
- Three-bedroom apartments in Shakopee average $2,091 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Shakopee, MN?
In the past year, rent has increased by 2.8%, which averages out to $42 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Shakopee, MN
August 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
4%
$700 - $1,000/month
36%
$1,001 - $1,500/month
54%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Shakopee?
Based on current rent prices, Scott Far Western Suburbs is the most affordable neighborhood in Shakopee.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Shakopee?
Based on current rent prices, Scott Far Western Suburbs is the most expensive neighborhood in Shakopee.
Neighborhood
Average Rent
Average Sq Ft
Which Shakopee neighborhoods have the most rentals available?
The neighborhood in Shakopee with the most apartments available is Scott Far Western Suburbs .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Shakopee, MN?
Because the average rent in Shakopee is $1,506, you’ll want to make about $5,020 per month or $60,240 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 Shakopee, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Shakopee, 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.
Studio
$1,346/month
$1,346/month
One Bedroom
$1,494/month
$1,494/month
Two Bedroom
$1,778/month
$1,778/month
Three Bedroom
$2,011/month
$2,011/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Prior Lake
Avg Rent: $1,507/month
-
Eden Prairie
Avg Rent: $1,592/month
-
Savage
Avg Rent: $1,462/month
-
Chanhassen
Avg Rent: $1,525/month
-
Chaska
Avg Rent: $1,519/month
-
Carver
Avg Rent: $987/month
-
Jordan
Avg Rent: $1,460/month
-
Bloomington
Avg Rent: $1,425/month
Apartment Communities in Shakopee We Think You'll Love
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Frequently Asked Questions
What is the average rent in Shakopee?
The average rent in Shakopee is $1,506 per month, which is 9.5% lower than the national average of $1,664.
What is the average rent for a townhome in Shakopee?
The average rent for a townhome in Shakopee, MN is $2,089 per month.
Are rents going up or down in Shakopee?
Rents in Shakopee, MN are increasing, with prices up 2.8% year-over-year and $42 more per month.
What rent range is most common in Shakopee?
In Shakopee, MN, 54% of apartments fall between $1,501 - $2,000/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.