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City Report · MN

Burnsville

Pop. 64,463·57th most expensive in Minnesota·Rental market data updated monthly for Burnsville, MN
Median rent (all units)
$1,430/mo
Year-over-Year
-1.9%
Month-over-Month
+0.7%
vs US Median
-$500
Rising (Monthly)
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Most AffordableMost Expensive
Burnsville · $1,430
More affordable than 79% of US cities · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$1,330
1 BR
$1,505
2 BR
$1,835
3 BR
$2,445
4 BR+
$2,735
Research median
$1,835/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: May 30, 2026

Annual cost
$17,160/yr
At $1,430/mo median
Market timing
Rents rising
Act sooner rather than later.
Rent Reality Score
60/100
Good value
OverheatedFairGreat value

Rents are 5% below what Burnsville's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,430/mo
Expected by trend
$1,504/mo
The Rent Reality Score compares today's median rent to where Burnsville's own long-run trajectory projects it should be. See the full rankings →
Demographics

Who lives here

Burnsville, MN is majority owner-occupied, 39.8% of residents hold a bachelor's degree or higher.

Population
64,463
Median income
$87,024
Median age
36.7
Renters
35.3%
Age distribution
22.4%
24.4%
23.6%
12.7%
16.9%
Under 1822.4%
18–3424.4%
35–5423.6%
55–6412.7%
65+16.9%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
63.1%
13.5%
12.3%
White63.1%
Black13.5%
Hispanic12.3%
Asian5.6%
Other5.5%
Education (25+)
20.1%
32.5%
39.8%
No HS diploma7.7%
HS diploma20.1%
Some college32.5%
Bachelor's+39.8%
Housing tenure
64.7%
35.3%
Owner64.7%
Renter35.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Burnsville, MN has changed in 5 years

Rent
$1,226 → $1,430
up 16.6%
Income
$79,059 → $87,024
up 10.1%
Population
63,926 → 64,463
up 0.8%
Renter share
32.4% → 35.3%
+2.9 pts
Bachelor's+
38.3% → 39.8%
+1.5 pts
Median age
37.6 → 36.7
-0.9 yrs

Rent in Burnsville, MN has climbed 16.6% since 2021, going from about $1,226 per month to roughly $1,430 today. Household income in the area moved from $79,059 to $87,024 across the same window, up 10.1% versus 2021. Rent outpaced income growth by roughly 6.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 35.3% of households rent today, against 32.4% in 2021. Reading these numbers side by side helps frame whether current listings in Burnsville, MN look reasonable against where the market sat half a decade ago.

Community

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View Burnsville rent history (2015–2026) →
Salary vs rent

Can you afford rent in Burnsville on your salary?

At $1,430/mo, how Burnsville rent compares to typical pay (30% rule).

By apartment size

Burnsville rent by bedroom count

Median rent for each apartment size in Burnsville. Click any size for full breakdown.

Local insights

Tips for renters in Burnsville

About renting in Burnsville, MN

Last updated: May 30, 2026

The median rent in Burnsville is $1,430/mo as of May 2026. A studio apartment averages $1,330/mo while a 2-bedroom runs $1,835/mo. One-bedroom apartments average $1,505/mo and 3-bedroom units go for $2,445/mo.

At 20% of local median household income ($87,024/yr), Burnsville ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

Is Burnsville an affordable city for renters?

Burnsville is considered very affordable for renters. At $1,430/mo, rent takes approximately 20% of the local median household income ($87,024/yr). The standard benchmark is 30%. Burnsville falls comfortably within that range.

How much income do you need to rent in Burnsville?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,430/mo in Burnsville. The local median household income is $87,024/yr, meaning the typical Burnsville household meets that threshold.

Is rent going up or down in Burnsville?

Rent in Burnsville has decreased 1.9% over the past year as of May 2026, offering some relief compared to 12 months ago.

Which Burnsville neighborhoods have the lowest rent?

The most affordable ZIP codes in Burnsville are 55337 ($1,428/mo), and 55306 ($1,447/mo). Citywide, the median rent in Burnsville is $1,430/mo.

How does Burnsville rent compare to other cities in Minnesota?

Burnsville is one of the more affordable cities in Minnesota for rent, ranking #57 out of 68 tracked cities at $1,430/mo.

Which nearby cities are cheaper to rent in than Burnsville?

Richfield is nearby and more affordable at $1,327/mo, which is $103 less than Burnsville.

What percentage of Burnsville residents rent vs. own?

According to Census data, approximately 35.3% of Burnsville households are renters, while 64.7% are owner-occupied. Burnsville leans toward homeownership, which can mean a smaller rental inventory.

How does Burnsville rent compare to the national average?

Burnsville's median rent of $1,430/mo is $500 (26%) below the US national median of $1,930/mo. Within Minnesota, it ranks #57 out of 68 tracked cities.
Affordability
20%
VERY AFFORDABLE

At $1,430/mo, rent takes ~20% of Burnsville's median household income ($87,024/yr). The standard benchmark is 30%.

Burnsville 20%Benchmark 30%
State income tax5.35–9.85%
Run the Burnsville affordability calculator →
Lowest-rent ZIP codes in Burnsville
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Burnsville, MN

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