Savage, MN Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Savage is $1,753, a 5.75% increase compared to the previous year, when the average rent was $1,657.
One-bedroom apartments provide 736 square feet for $1,514, balancing privacy and affordability.
Two-beedroom units at $1,793 offer 1,105 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,366 sq ft) for $2,235, suitable for larger households.
Average rent in Savage, MN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,753 | 1,006 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,514 | 736 sq. ft. |
| 2 Beds | $1,793 | 1,105 sq. ft. |
| 3 Beds | $2,235 | 1,366 sq. ft. |
Savage, MN rent trends
Rental prices in Savage, MN have increased by 5.75% over the past year. The average rent moved from $1,657 to $1,753.
What's the typical rent budget in Savage, MN?
The largest share of rentals in Savage, MN (53%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Savage, MN?
1,865 or 16% of the households in Savage, MN are renter-occupied while 10,045 or 84% are owner-occupied.
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 Savage 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.