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City Report · MN

Saint Louis Park

·25th most expensive in Minnesota·Saint Louis Park rents are up 8.9% over the past year
Median rent (all units)
$1,855/mo
Year-over-Year
+8.9%
Month-over-Month
-0.9%
vs US Median
-$110
Falling (Monthly)
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Most AffordableMost Expensive
Saint Louis Park · $1,855
More expensive than 50% of US cities · National median $1,965/mo
Rent Reality Score
52/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Saint Louis Park's 10-year trend predicts.

Actual rent
$1,855/mo
Expected by trend
$1,875/mo
The Rent Reality Score compares today's median rent to where Saint Louis Park's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,385
1 BR
$1,565
2 BR
$1,910
3 BR
$2,545
4 BR+
$2,850
Research median
$1,910/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
$22,260/yr
At $1,855/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.9% YoY, -0.9% MoM), not inventory.
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2021 vs 2026

How Saint Louis Park, MN has changed in 5 years

Rent
$1,525 → $1,855
up 21.6%

Compared with 2021, rent in Saint Louis Park, MN has climbed by $330 per month, settling near $1,855 after starting the period at $1,525. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Saint Louis Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in Saint Louis Park on your salary?

At $1,855/mo, how Saint Louis Park rent compares to typical pay (30% rule).

By apartment size

Saint Louis Park rent by bedroom count

Median rent for each apartment size in Saint Louis Park. Click any size for full breakdown.

Local insights

Tips for renters in Saint Louis Park

About renting in Saint Louis Park, MN

Last updated: July 20, 2026

The median rent in Saint Louis Park is $1,855/mo as of July 2026. A studio apartment averages $1,385/mo while a 2-bedroom runs $1,910/mo. One-bedroom apartments average $1,565/mo and 3-bedroom units go for $2,545/mo.

At 31% of estimated US median household income ($72,000/yr), Saint Louis Park ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.9% over the past year.

FAQ

Frequently asked questions

Is Saint Louis Park an affordable city for renters?

Saint Louis Park is considered moderate for renters. At $1,855/mo, rent takes approximately 31% of the US median household income ($72,000/yr). The standard benchmark is 30%. Saint Louis Park slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Saint Louis Park?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,855/mo in Saint Louis Park.

Is rent going up or down in Saint Louis Park?

Rent in Saint Louis Park has increased 8.9% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Saint Louis Park neighborhoods have the lowest rent?

The most affordable ZIP codes in Saint Louis Park are 55426 ($1,875/mo), and 55416 ($1,882/mo). Citywide, the median rent in Saint Louis Park is $1,855/mo.

How does Saint Louis Park rent compare to other cities in Minnesota?

Saint Louis Park is middle-of-the-pack for Minnesota for rent, ranking #25 out of 67 tracked cities at $1,855/mo.

Which nearby cities are cheaper to rent in than Saint Louis Park?

Several nearby cities have lower median rents than Saint Louis Park ($1,855/mo): Hopkins ($1,539/mo), Crystal ($1,679/mo), Robbinsdale ($1,789/mo).

How does Saint Louis Park rent compare to the national average?

Saint Louis Park's median rent of $1,855/mo is $110 (6%) below the US national median of $1,965/mo. Within Minnesota, it ranks #25 out of 67 tracked cities.
Income Affordability
31%
MODERATE

At $1,855/mo, rent takes ~31% of US median household income ($72,000/yr). The standard benchmark is 30%.

Saint Louis Park 31%Benchmark 30%
State income tax5.35–9.85%
Run the Saint Louis Park affordability calculator →
Lowest-rent ZIP codes in Saint Louis Park
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Saint Louis Park, MN

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