Chanhassen, Minnesota Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Chanhassen, Minnesota rental market.
Chanhassen, Minnesota
Average Apartment Rent
$1,815
Y-o-Y Change in Average
Apartment Rent
7.3%
As of March 2026
Compared to a year ago, Chanhassen, Minnesota apartments have recorded a 7.3% rent increase.
Chanhassen, Minnesota Average apartment rent trend
Chanhassen, Minnesota Average Apartment Rent
Chanhassen, Minnesota Apartment rent ranges
At 37.17%, apartments priced $1,500 - $2,000 represent the bulk of Chanhassen, Minnesota rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.08%.
Chanhassen, Minnesota Housing tenure**
Renters take up 13% of Chanhassen, Minnesota real estate, occupying a total of 1,286 units, while homeowners live in 8,292 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$62,192
Average household size of renter-occupied housing units**
2.15
Rental vacancy rate**
10.2%
Chanhassen, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 808 rentals in Chanhassen, Minnesota with 2 beds making up the highest share of the market, at 63%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 27 units. Overall, the median number of rooms in Chanhassen, Minnesota homes for rent is 4.5.
Chanhassen, Minnesota Renter-occupied units by age of householder**
Most condos for rent in Chanhassen, Minnesota are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 45 - 54 years age group (24%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Chanhassen, Minnesota Renter-occupied housing units by family type**
Chanhassen, Minnesota Renter-occupied housing units by the presence of own children**
A total of 512 apartments for rent in Chanhassen, Minnesota, or 40% of all rentals are family households. Additionally, 16% of rental homes include children under the age of 18 – that’s 212 units. All in all, the median size of a renter-occupied household in Chanhassen, Minnesota is 2.15.
Chanhassen, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 45% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Chanhassen, Minnesota.
Chanhassen, Minnesota Renter-occupied units by year structure built**
The highest share of Chanhassen, Minnesota apartment rentals, namely 24% or 312 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (22%, 283 units), and the ones Built 2000 - 2009 (15%, 195 units).
Chanhassen, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Chanhassen, Minnesota renters (39%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Chanhassen, Minnesota condos for rent is 2018.
Chanhassen, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Chanhassen, Minnesota renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 11% have 3 vehicles available.
Chanhassen, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
Chanhassen, Minnesota Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Chanhassen, Minnesota apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
