Spring Lake Park, MN Rental Market Trends
Highlights
The average rent for an apartment in Spring Lake Park is $1,186, a 8% increase compared to the previous year, when the average rent was $1,102.
Average Rent in Spring Lake Park, MN
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,186 | 8% | 928 sq. ft. |
The average size for a Spring Lake Park, MN apartment is 928 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Spring Lake Park, MN Apartment Rent Ranges
- $701-$1,00032%
- $1,001-$1,50050%
- $1,501-$2,00018%
Spring Lake Park, MN Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
1,131 or 40% of the households in Spring Lake Park, MN are renter-occupied while 1,667 or 59% are owner-occupied.
Spring Lake Park, MN Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Spring Lake Park, MN | $982 | $1,045 | $1,039 | $1,056 | $1,058 | $1,058 | $1,102 | $1,116 | $1,132 | $1,186 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
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How Does Spring Lake Park Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Coon Rapids | $1,135 | 4% |
| Anoka | $1,172 | 2% |
| Fridley | $1,177 | 5% |
| Blaine | $1,270 | 6% |
| Spring Lake Park | $1,186 | 8% |
| Circle Pines | $1,203 | 10% |
| Ramsey | $1,172 | 2% |
| Columbia Heights | $1,163 | 2% |
| Lino Lakes | $1,203 | 10% |
| Andover | $926 | 3% |
For more information about the Spring Lake Park rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
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 Lake Park apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.