Spring Park, 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 Spring Park, Minnesota rental market.
Spring Park, Minnesota
Average Apartment Rent
$1,720
Y-o-Y Change in Average
Apartment Rent
5%
As of March 2026
Compared to a year ago, Spring Park, Minnesota apartments have recorded a 5% rent increase.
Spring Park, Minnesota Average apartment rent trend
Spring Park, Minnesota Average Apartment Rent
Spring Park, Minnesota Apartment rent ranges
At 62.25%, apartments priced $1,000 - $1,500 represent the bulk of Spring Park, Minnesota rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.45%.
Spring Park, Minnesota Housing tenure**
Renters take up 81% of Spring Park, Minnesota real estate, occupying a total of 990 units, while homeowners live in 230 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$42,386
Average household size of renter-occupied housing units**
1.41
Rental vacancy rate**
2.2%
Spring Park, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 471 rentals in Spring Park, Minnesota with 2 beds making up the highest share of the market, at 48%. Units with 3 beds, on the other hand, hold the lowest percentage (2%), amounting to 22 units. Overall, the median number of rooms in Spring Park, Minnesota homes for rent is 3.6.
Spring Park, Minnesota Renter-occupied units by age of householder**
Most condos for rent in Spring Park, Minnesota are occupied by residents in the 35 - 44 years age group (26%), followed by those in the 85 years and over age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Spring Park, Minnesota Renter-occupied housing units by family type**
Spring Park, Minnesota Renter-occupied housing units by the presence of own children**
A total of 279 apartments for rent in Spring Park, Minnesota, or 28% of all rentals are family households. Additionally, 8% of rental homes include children under the age of 18 – that’s 84 units. All in all, the median size of a renter-occupied household in Spring Park, Minnesota is 1.41.
Spring Park, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Spring Park, Minnesota.
Spring Park, Minnesota Renter-occupied units by year structure built**
The highest share of Spring Park, Minnesota apartment rentals, namely 29% or 287 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (23%, 230 units), and the ones Built 1960 - 1969 (19%, 188 units).
Spring Park, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Spring Park, Minnesota renters (51%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Spring Park, Minnesota condos for rent is 2016.
Spring Park, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 63% of Spring Park, Minnesota renters have 1 vehicle available per household, 20% of them have No vehicle available, and 17% have 2 vehicles available.
Spring Park, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
Spring Park, 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 Spring Park, 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
