Shakopee Flats
125 Scott St N,
Shakopee, MN 55379
Studio - 2 Beds | $1,331 - $2,487
Rental Market Trends in Shakopee, MN
What is the average rent in Shakopee, MN?
$1,477/month
Average Rent
751 Sq Ft
Average Apartment Size
+1.1%
Increase in the Last Year
Shakopee, MN Rental Market Overview
The average rent in Shakopee, MN is $1,477 per month. For comparison, the national average rent price in the US is currently $1,662/month, which means Shakopee rent prices are 11% lower than the national average.
- Studio apartments in Shakopee average $1,348 per month.
- One-bedroom apartments in Shakopee average $1,477 per month.
- Two-bedroom apartments in Shakopee average $1,833 per month.
- Three-bedroom apartments in Shakopee average $2,063 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
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Shakopee, MN?
In the past year, rent has increased by 1.1%, which averages out to $17 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 Shakopee, MN
Last Updated July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
3%
$700 - $1,000/month
41%
$1,001 - $1,500/month
48%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
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 $1,477, you’ll want to make about $4,923 per month or $59,076 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.
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
$1,352/month
$1,352/month
One Bedroom
$1,472/month
$1,472/month
Two Bedroom
$1,757/month
$1,757/month
Three Bedroom
$1,992/month
$1,992/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Shakopee We Think You'll Love
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Shakopee?
The average rent in Shakopee is $1,477 per month, which is 11.1% lower than the national average of $1,662.
Are rents going up or down in Shakopee?
Rents in Shakopee, MN are increasing, with prices up 1.1% year-over-year and $17 more per month.
What rent range is most common in Shakopee?
In Shakopee, MN, 48% 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.