At $1,910/mo, rent takes about 21% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,910 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Shoreview changed +3.0% over the year to September 2026. Across the 53 Minnesota cities Zillow tracks, the typical change was +3.4%.
Rent rose in 10 of the last 12 months.
30% of the median household income ($108,370) is $2,709 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,640).
New Brighton, 3 miles away, rents for 27% less ($1,394/mo), about $6,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Shoreview. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Shoreview, MN has changed in 5 years
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.
Discussions about Shoreview
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Can you afford rent in Shoreview on your salary?
At $1,910/mo, how Shoreview rent compares to typical pay (30% rule).
Shoreview rent by bedroom count
Median rent for each apartment size in Shoreview. Click any size for full breakdown.
Tips for renters in Shoreview
Last updated: October 17, 2026
The median rent in Shoreview is $1,910/mo as of October 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 21% of local median household income ($108,370/yr), Shoreview ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.
Frequently asked questions
How much income do you need to rent in Shoreview?
Is rent going up or down in Shoreview?
How does Shoreview rent compare to other cities in Minnesota?
Which nearby cities are cheaper to rent in than Shoreview?
At $1,910/mo, rent takes ~21% of Shoreview's median household income ($108,370/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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