Excelsior, MN Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Excelsior is $1,210, a 1.75% increase compared to the previous year, when the average rent was $1,189.
One-bedroom apartments provide 719 square feet for $1,191, balancing privacy and affordability.
Two-beedroom units at $1,230 offer 891 square feet, perfect for roommates or small families.
Average rent in Excelsior, MN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,210 | 807 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,191 | 719 sq. ft. |
| 2 Beds | $1,230 | 891 sq. ft. |
| 3 Beds | n/a | n/a |
Excelsior, MN rent trends
Rental prices in Excelsior, MN have increased by 1.75% over the past year. The average rent moved from $1,189 to $1,210.
Do most people rent or own in Excelsior, MN?
592 or 51% of the households in Excelsior, MN are renter-occupied while 564 or 49% are owner-occupied.
How Excelsior Compares to Other Cities
| City | Average Rent |
|---|---|
| Excelsior | $1,210 |
| Minneapolis | $1,674 |
| St. Paul | $1,512 |
| Moorhead | $1,074 |
| Rochester | $1,651 |
| Bloomington | $1,652 |
| St. Cloud | $1,155 |
| Mankato | $1,392 |
| St. Louis Park | $1,780 |
| Edina | $1,841 |
| Minnetonka | $1,923 |
| Plymouth, MN | $1,685 |
| Burnsville | $1,569 |
| Eden Prairie | $1,765 |
| Hopkins, MN | $1,575 |
| Shakopee | $1,698 |
| Maple Grove, MN | $2,170 |
| Brooklyn Park, MN | $1,335 |
| Chaska, MN | $1,732 |
| Richfield, MN | $1,406 |
| Brooklyn Center, MN | $1,317 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Excelsior apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.