Apartments for Rent in Excelsior, MN

Prices and availability in Excelsior, MN were last updated on 24 Jun 2026.

The best apartment in Excelsior, MN is: One West Drive.

The average rent in Excelsior, MN is $1,507.

The price range for a 2-bedroom apartment in Excelsior, MN is between $3,950 and $8,750.

In Excelsior 52% of the housing is rented out compared to 48% of homes are owned, according to the most recent Census Bureau estimates. 16% of Excelsior's apartments are found in large buildings of 50 units or more, 79% are located in smaller apartment complexes with less than 50 units, and 6% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Excelsior are about 30 years old, on average. Of these, 44% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Excelsior come in a range of sizes and floorplans. Studio apartments represent 0.6% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 57% of the total apartments in the city, while 2-bedroom floorplans represent around 40% of all rentals in Excelsior. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.