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City Report · MN

Shoreview

Pop. 26,714·26th most expensive in Minnesota·Rental market data updated monthly for Shoreview, MN
Median rent (all units)
$1,848/mo
Year-over-Year
+2.8%
Month-over-Month
+2.3%
vs US Median
-$117
Rising (Monthly)
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Most AffordableMost Expensive
Shoreview · $1,848
More affordable than 51% of US cities · National median $1,965/mo
Affordability
20% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,848/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$74,000/yr
Local median income
$108,370/yr
Based on the 30%-of-income rule using Shoreview's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,280
1 BR
$1,450
2 BR
$1,770
3 BR
$2,360
4 BR+
$2,640
Research median
$1,770/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
$22,176/yr
At $1,848/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 2.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+2.8% YoY, +2.3% MoM), not inventory.
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Demographics

Who lives here

Shoreview, MN is majority owner-occupied, has a large retiree population, has a median income above the national average, 61.2% of residents hold a bachelor's degree or higher.

Population
26,714
Median income
$108,370
Median age
43.6
Renters
19.8%
Age distribution
22.2%
18.7%
24.4%
13.1%
21.5%
Under 1822.2%
18–3418.7%
35–5424.4%
55–6413.1%
65+21.5%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
76.1%
White76.1%
Black3.8%
Hispanic4.2%
Asian11%
Other4.9%
Education (25+)
24.1%
61.2%
No HS diploma2.9%
HS diploma11.7%
Some college24.1%
Bachelor's+61.2%
Housing tenure
80.2%
19.8%
Owner80.2%
Renter19.8%

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

2021 vs 2026

How Shoreview, MN has changed in 5 years

Income
$101,733 → $108,370
up 6.5%
Population
26,871 → 26,714
down 0.6%
Renter share
16.8% → 19.8%
+3.0 pts
Bachelor's+
61.8% → 61.2%
-0.6 pts
Median age
45.6 → 43.6
-2.0 yrs

Census figures show median household income at $108,370 today, compared with $101,733 five years earlier. About 19.8% of households rent today, against 16.8% in 2021.

Community

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

Can you afford rent in Shoreview on your salary?

At $1,848/mo, how Shoreview rent compares to typical pay (30% rule).

By apartment size

Shoreview rent by bedroom count

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

Local insights

Tips for renters in Shoreview

About renting in Shoreview, MN

Last updated: July 20, 2026

The median rent in Shoreview is $1,848/mo as of July 2026. A studio apartment averages $1,280/mo while a 2-bedroom runs $1,770/mo. One-bedroom apartments average $1,450/mo and 3-bedroom units go for $2,360/mo.

At 20% of local median household income ($108,370/yr), Shoreview ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

Is Shoreview an affordable city for renters?

Shoreview is considered very affordable for renters. At $1,848/mo, rent takes approximately 20% of the local median household income ($108,370/yr). The standard benchmark is 30%. Shoreview falls comfortably within that range.

How much income do you need to rent in Shoreview?

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 $1,848/mo in Shoreview. The local median household income is $108,370/yr, meaning the typical Shoreview household meets that threshold.

Is rent going up or down in Shoreview?

Rent in Shoreview has increased 2.8% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Shoreview rent compare to other cities in Minnesota?

Shoreview is middle-of-the-pack for Minnesota for rent, ranking #26 out of 67 tracked cities at $1,848/mo.

Which nearby cities are cheaper to rent in than Shoreview?

Several nearby cities have lower median rents than Shoreview ($1,848/mo): Little Canada ($1,400/mo), New Brighton ($1,416/mo), Roseville ($1,471/mo).

What percentage of Shoreview residents rent vs. own?

According to Census data, approximately 19.8% of Shoreview households are renters, while 80.2% are owner-occupied. Shoreview leans toward homeownership, which can mean a smaller rental inventory.

How does Shoreview rent compare to the national average?

Shoreview's median rent of $1,848/mo is $117 (6%) below the US national median of $1,965/mo. Within Minnesota, it ranks #26 out of 67 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $1,848/mo, rent takes ~20% of Shoreview's median household income ($108,370/yr). The standard benchmark is 30%.

Shoreview 20%Benchmark 30%
State income tax5.35–9.85%
Run the Shoreview affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Shoreview, MN

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