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ZIP Code · MN

ZIP 55318

Part of Chaska, MN
Pop. 30,369·Carver County·24th most expensive ZIP in Minnesota
Median rent (all units)
$1,969/mo
Year-over-Year
+2.5%
Month-over-Month
+0.6%
vs US Median
+$4
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55318 · $1,969
More expensive than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,260
1 BR
$1,420
2 BR
$1,730
3 BR
$2,290
4 BR+
$2,560
Research median
$1,730/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
$23,628/yr
At $1,969/mo median
Location
CityChaska
StateMN
CountyCarver County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.5% YoY, +0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 55318 (Chaska, MN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 47% of residents hold a bachelor's degree or higher.

Population
30,369
Median income
$112,243
Median age
37.8
Renters
30.9%
Age distribution
25.7%
19.7%
28.2%
12.6%
13.9%
Under 1825.7%
18–3419.7%
35–5428.2%
55–6412.6%
65+13.9%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
80.7%
White80.7%
Black3.2%
Hispanic9.3%
Asian3.8%
Other3.1%
Education (25+)
19%
28.4%
47%
No HS diploma5.6%
HS diploma19%
Some college28.4%
Bachelor's+47%
Housing tenure
69.1%
30.9%
Owner69.1%
Renter30.9%

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

2021 vs 2026

How ZIP 55318 in Chaska, MN has changed in 5 years

Income
$96,502 → $112,243
up 16.3%
Population
28,981 → 30,369
up 4.8%
Renter share
28.2% → 30.9%
+2.7 pts
Bachelor's+
45.1% → 47%
+1.9 pts

Local incomes tracked alongside that move, going from a median of $96,502 in 2021 to $112,243 more recently. Census counts show ZIP 55318 in Chaska, MN adding about 1,388 residents over the five-year window, up 4.8% on net. The renter share has risen from 28.2% to 30.9%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

Tips for renters in ZIP 55318

About renting in ZIP 55318

Last updated: July 20, 2026

ZIP code 55318 covers Chaska, MN. The median rent here is $1,969/mo as of July 2026. A 1-bedroom rents for a median of $1,420/mo. A 2-bedroom rents for a median of $1,730/mo.

At 21% of local median household income ($112,243/yr), ZIP 55318 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55318?

As of July 20, 2026, the median monthly rent in ZIP 55318 (Chaska, MN) is $1,969. This is based on aggregated data from public sources and community submissions.

How does ZIP 55318 rent compare to the US average?

ZIP 55318's median rent of $1,969/mo is $4 (0%) above the US national median of $1,965/mo.

How does ZIP 55318 compare to other ZIPs in Minnesota?

ZIP 55318 is one of the pricier ZIP codes in Minnesota, ranking #24 out of 123 ZIPs tracked at $1,969/mo.

How much income do you need to rent in ZIP 55318?

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 $1,969/mo in ZIP 55318. The local median household income is $112,243/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55318?

Rent in ZIP 55318 has increased 2.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55318 an affordable place to rent?

ZIP 55318 is considered very affordable for renters. At $1,969/mo, rent takes approximately 21% of the local median household income ($112,243/yr). The standard benchmark is 30%. ZIP 55318 falls comfortably within that range.

What percentage of ZIP 55318 residents rent vs. own?

According to Census data, approximately 30.9% of ZIP 55318 households are renters, while 69.1% are owner-occupied. ZIP 55318 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55318 compare to the rest of Chaska?

ZIP 55318 is pricier than Chaska as a whole. At $1,969/mo, it's $86 above the Chaska citywide median of $1,883/mo.

When was rent data for ZIP 55318 last updated?

Rent data for ZIP 55318 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,969/mo, rent takes ~21% of ZIP 55318's median household income ($112,243/yr). The standard benchmark is 30%.

ZIP 55318 21%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55318 (Chaska, MN)

Recent submissions

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