How much does it cost to rent in Savage, MN?

As of July 2026, the median monthly rent in Savage, MN is $1,979. This figure is based on aggregated data from public sources and community-submitted rents.

Is Savage cheaper than other Minnesota cities?

Savage is one of the pricier cities in Minnesota, ranking #14 out of 67 cities tracked at $1,979/mo.

When was Savage rent data last updated?

Savage rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · MN

Savage

Name: Average Rent Prices in Savage, MN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 32,889·14th most expensive in Minnesota·Savage rents are up 14.3% over the past year

Median rent (all units)

$1,979/mo

Year-over-Year

+14.3%

Month-over-Month

+4.9%

vs US Median

+$14

Rising (Monthly)

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Most AffordableMost Expensive

Savage · $1,979

More expensive than 58% of US cities · National median $1,965/mo

Rent Reality Score

32/100

Overpriced

OverheatedFairGreat value

Rents are 9% above what Savage's 10-year trend predicts — running hotter than its own history.

Actual rent

$1,979/mo

Expected by trend

$1,814/mo

The Rent Reality Score compares today's median rent to where Savage's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,470

1 BR

$1,660

2 BR

$2,030

3 BR

$2,700

4 BR+

$3,030

Research median

$2,030/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$23,748/yr

At $1,979/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 14.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+14.3% YoY, +4.9% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Savage, MN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 53.7% of residents hold a bachelor's degree or higher.

Population

32,889

Median income

$125,513

Median age

37.5

Renters

14.2%

Age distribution

25.3%

20.7%

28.1%

14%

Under 1825.3%

18–3420.7%

35–5428.1%

55–6414%

65+11.9%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

73.7%

White73.7%

Black9.9%

Hispanic5%

Asian6.6%

Other4.8%

Education (25+)

15.9%

27%

53.7%

No HS diploma3.4%

HS diploma15.9%

Some college27%

Bachelor's+53.7%

Housing tenure

85.8%

14.2%

Owner85.8%

Renter14.2%

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

2022 vs 2026

How Savage, MN has changed in 5 years

Rent

$1,596 → $1,979

up 24.0%

Income

$115,574 → $125,513

up 8.6%

Population

32,092 → 32,889

up 2.5%

Renter share

15.8% → 14.2%

-1.6 pts

Bachelor's+

51% → 53.7%

+2.7 pts

Compared with 2022, rent in Savage, MN has increased by $383 per month, settling near $1,979 after starting the period at $1,596. Local incomes tracked alongside that move, going from a median of $115,574 in 2021 to $125,513 more recently. Rent outpaced income growth by roughly 15.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 32,092 to 32,889 between 2021 and 2024, a 2.5% change. About 14.2% of households rent today, against 15.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 51% to 53.7%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Savage, MN market of 2022.

Community

Discussions about Savage

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View Savage rent history (2015–2026) →

Salary vs rent

Can you afford rent in Savage on your salary?

At $1,979/mo, how Savage rent compares to typical pay (30% rule).

Registered Nurse

Avg $98,259/yr · Rent = 24.2% income

affordable

Elementary School Teacher

Avg $69,763/yr · Rent = 34% income

stretched

Police Officer

Avg $80,361/yr · Rent = 29.6% income

affordable

Software Developer

Avg $143,634/yr · Rent = 16.5% income

very comfortable

Lawyer

Avg $183,529/yr · Rent = 12.9% income

very comfortable

Firefighter

Avg $65,322/yr · Rent = 36.4% income

stretched

Truck Driver

Avg $58,978/yr · Rent = 40.3% income

rent-burdened

Electrician

Avg $72,696/yr · Rent = 32.7% income

stretched

By apartment size

Savage rent by bedroom count

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

Local insights

Tips for renters in Savage

About renting in Savage, MN

Last updated: July 20, 2026

The median rent in Savage is $1,979/mo as of July 2026. A studio apartment averages $1,470/mo while a 2-bedroom runs $2,030/mo. One-bedroom apartments average $1,660/mo and 3-bedroom units go for $2,700/mo.

At 19% of local median household income ($125,513/yr), Savage ranks as affordable compared to the national benchmark of 30%. Rents have increased 14.3% over the past year.

FAQ

Frequently asked questions

Is Savage an affordable city for renters?

Savage is considered very affordable for renters. At $1,979/mo, rent takes approximately 19% of the local median household income ($125,513/yr). The standard benchmark is 30%. Savage falls comfortably within that range.

How much income do you need to rent in Savage?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,979/mo in Savage. The local median household income is $125,513/yr, meaning the typical Savage household meets that threshold.

Is rent going up or down in Savage?

Rent in Savage has increased 14.3% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Savage rent compare to other cities in Minnesota?

Savage is one of the pricier cities in Minnesota for rent, ranking #14 out of 67 tracked cities at $1,979/mo.

Which nearby cities are cheaper to rent in than Savage?

Several nearby cities have lower median rents than Savage ($1,979/mo): Burnsville ($1,486/mo), Bloomington ($1,684/mo), Eden Prairie ($1,772/mo).

What percentage of Savage residents rent vs. own?

According to Census data, approximately 14.2% of Savage households are renters, while 85.8% are owner-occupied. Savage leans toward homeownership, which can mean a smaller rental inventory.