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City Report · MN

Chaska

Pop. 28,706·21st most expensive in Minnesota·Rental market data updated monthly for Chaska, MN
Median rent (all units)
$1,883/mo
Year-over-Year
+1.7%
Month-over-Month
+4.1%
vs US Median
-$82
Rising (Monthly)
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Most AffordableMost Expensive
Chaska · $1,883
More expensive than 51% of US cities · National median $1,965/mo
Rent Reality Score
51/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Chaska's 10-year trend predicts.

Actual rent
$1,883/mo
Expected by trend
$1,896/mo
The Rent Reality Score compares today's median rent to where Chaska's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,400
2 BR
$1,710
3 BR
$2,280
4 BR+
$2,550
Research median
$1,710/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: July 20, 2026

Annual cost
$22,596/yr
At $1,883/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 1.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+1.7% YoY, +4.1% MoM), not inventory.
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Demographics

Who lives here

Chaska, MN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 46.6% of residents hold a bachelor's degree or higher.

Population
28,706
Median income
$110,956
Median age
37.5
Renters
32.4%
Age distribution
26%
20.1%
28.6%
13.4%
Under 1826%
18–3420.1%
35–5428.6%
55–6411.9%
65+13.4%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
80.1%
White80.1%
Black3.4%
Hispanic9.8%
Asian3.8%
Other2.9%
Education (25+)
19.1%
28.5%
46.6%
No HS diploma5.8%
HS diploma19.1%
Some college28.5%
Bachelor's+46.6%
Housing tenure
67.6%
32.4%
Owner67.6%
Renter32.4%

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

2022 vs 2026

How Chaska, MN has changed in 5 years

Rent
$1,587 → $1,883
up 18.7%
Income
$95,633 → $110,956
up 16.0%
Population
27,461 → 28,706
up 4.5%
Renter share
29.5% → 32.4%
+2.9 pts
Bachelor's+
44.6% → 46.6%
+2.0 pts

Compared with 2022, rent in Chaska, MN has climbed by $296 per month, settling near $1,883 after starting the period at $1,587. Median household income grew from $95,633 to $110,956 between 2021 and 2024, a 16.0% shift. Headcount in the area went from 27,461 to 28,706 between 2021 and 2024, a 4.5% change. About 32.4% of households rent today, against 29.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 44.6% to 46.6%. Taken together, the five-year picture in Chaska, MN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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

Can you afford rent in Chaska on your salary?

At $1,883/mo, how Chaska rent compares to typical pay (30% rule).

By apartment size

Chaska rent by bedroom count

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

Local insights

Tips for renters in Chaska

About renting in Chaska, MN

Last updated: July 20, 2026

The median rent in Chaska is $1,883/mo as of July 2026. A studio apartment averages $1,240/mo while a 2-bedroom runs $1,710/mo. One-bedroom apartments average $1,400/mo and 3-bedroom units go for $2,280/mo.

At 20% of local median household income ($110,956/yr), Chaska ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.

FAQ

Frequently asked questions

Is Chaska an affordable city for renters?

Chaska is considered very affordable for renters. At $1,883/mo, rent takes approximately 20% of the local median household income ($110,956/yr). The standard benchmark is 30%. Chaska falls comfortably within that range.

How much income do you need to rent in Chaska?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (~$36/hour full-time) to afford the median rent of $1,883/mo in Chaska. The local median household income is $110,956/yr, meaning the typical Chaska household meets that threshold.

Is rent going up or down in Chaska?

Rent in Chaska has increased 1.7% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Chaska rent compare to other cities in Minnesota?

Chaska is one of the pricier cities in Minnesota for rent, ranking #21 out of 67 tracked cities at $1,883/mo.

Which nearby cities are cheaper to rent in than Chaska?

Several nearby cities have lower median rents than Chaska ($1,883/mo): Eden Prairie ($1,772/mo), Shakopee ($1,788/mo), Spring Park ($1,838/mo).

What percentage of Chaska residents rent vs. own?

According to Census data, approximately 32.4% of Chaska households are renters, while 67.6% are owner-occupied. Chaska leans toward homeownership, which can mean a smaller rental inventory.

How does Chaska rent compare to the national average?

Chaska's median rent of $1,883/mo is $82 (4%) below the US national median of $1,965/mo. Within Minnesota, it ranks #21 out of 67 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $1,883/mo, rent takes ~20% of Chaska's median household income ($110,956/yr). The standard benchmark is 30%.

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

Estimated from ZIP-level data

Schools nearby

Public schools near Chaska, MN

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