St. Louis 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 St. Louis Park, Minnesota rental market.
St. Louis Park, Minnesota
Average Apartment Rent
$1,762
Y-o-Y Change in Average
Apartment Rent
0.5%
As of March 2026
Compared to a year ago, St. Louis Park, Minnesota apartments have recorded a 0.5% rent increase.
St. Louis Park, Minnesota Average apartment rent trend
St. Louis Park, Minnesota Average Apartment Rent
St. Louis Park, Minnesota Apartment rent ranges
At 41.58%, apartments priced $1,500 - $2,000 represent the bulk of St. Louis Park, Minnesota rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.68%.
St. Louis Park, Minnesota Housing tenure**
Renters take up 41% of St. Louis Park, Minnesota real estate, occupying a total of 9,943 units, while homeowners live in 14,155 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$71,649
Average household size of renter-occupied housing units**
1.77
Rental vacancy rate**
5%
St. Louis Park, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 4,986 rentals in St. Louis Park, Minnesota with 1 bed making up the highest share of the market, at 50%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 125 units. Overall, the median number of rooms in St. Louis Park, Minnesota homes for rent is 3.4.
St. Louis Park, Minnesota Renter-occupied units by age of householder**
Most condos for rent in St. Louis Park, Minnesota are occupied by residents in the 25 - 34 years age group (42%), followed by those in the 35 - 44 years age group (14%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
St. Louis Park, Minnesota Renter-occupied housing units by family type**
St. Louis Park, Minnesota Renter-occupied housing units by the presence of own children**
A total of 2,501 apartments for rent in St. Louis Park, Minnesota, or 25% of all rentals are family households. Additionally, 13% of rental homes include children under the age of 18 – that’s 1,249 units. All in all, the median size of a renter-occupied household in St. Louis Park, Minnesota is 1.77.
St. Louis Park, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 61% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in St. Louis Park, Minnesota.
St. Louis Park, Minnesota Renter-occupied units by year structure built**
The highest share of St. Louis Park, Minnesota apartment rentals, namely 17% or 1,656 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (17%, 1,648 units), and the ones Built 1960 - 1969 (16%, 1,577 units).
St. Louis Park, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most St. Louis Park, Minnesota renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their St. Louis Park, Minnesota condos for rent is 2018.
St. Louis Park, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of St. Louis Park, Minnesota renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 9% have No vehicle available.
St. Louis Park, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
St. Louis 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 St. Louis 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
