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Apartments for Rent in Excelsior MN

50 Rentals Available

Excelsior, MN Apartments for Rent

Perched on the southern shore of Lake Minnetonka, Excelsior feels less like a suburb and more like a lakeside town that happens to be 15 miles from downtown Minneapolis. Its compact Main Street is lined with locally owned shops, casual eateries, and Excelsior Brewing Company, which has anchored the community since 2012. Excelsior Commons, a beloved waterfront park, gives residents easy access to the lake for boating, swimming, or simply enjoying a quiet afternoon outdoors. The commercial district along Water Street is listed on the National Register of Historic Places, and the town's well-preserved Victorian-era homes add genuine character throughout the neighborhoods.

The rental market here is intimate but diverse, with charming apartment communities, townhomes, and lodge-style rentals that reflect the area's relaxed lakeside personality. Studios and one-bedroom options offer an affordable entry point, while larger two- and three-bedroom units suit those who want more space. Each summer, the city hosts the Excelsior Art on the Lake festival, drawing artists and visitors from across the region to this scenic stretch of shoreline. For those who want small-town charm without straying far from a major metro, Excelsior is a genuinely compelling place to call home.

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Excelsior, MN Rental Insights

The average rent in Excelsior, MN is $1,297 per month. By comparison, renters across the U.S. pay an average of $1,627, which means housing in Excelsior, MN is slightly less expensive than much of the country.

You can find flexible rentals in Excelsior, MN by exploring short-term rentals for temporary stays or browsing furnished apartments for move-in ready options that save time and hassle.

Tour apartments from your couch with Matterport 3D Tours. We have 50 Excelsior apartments with virtual tours available. Walk through the apartment, view room layouts and get a feel for the space before an in-person tour.

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