Average Rent in Excelsior, MN and Rent Price Trends

Rent trends in Excelsior, MN

Average rent prices in Excelsior have increased by 16% over the last month and have decreased by 10% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Excelsior, MN

Rent prices in Excelsior vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Excelsior is $1,272, whereas a house costs $3,597. 1-bedroom apartments in Excelsior run $1,125 on average, while 2-bedroom apartments are $1,305.


Studio	$1,196	No Change	No Change
1 bedroom	$1,333	8%	4%
2 bedroom	$1,843	4%	38%
3 bedroom	$2,549	No Change	41%
4 bedroom	$3,495	3%	21%


Apartments	$1,272	5%	No Change
Condos	$2,200	42%	-
Houses	$3,597	No Change	23%
Rooms	$1,250	-	-

Studio

Average rent

$1,196

Last year

No Change

1 bedroom

Average rent

$1,333

Last 30 days

Last year

2 bedroom

Average rent

$1,843

Last 30 days

Last year

38%

3 bedroom

Average rent

$2,549

Last year

41%

4 bedroom

Average rent

$3,495

Last 30 days

Last year

21%

The table above reflects average rent prices in Excelsior, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Excelsior, MN compare to other cities?

Compare median rent prices in Excelsior and Buffalo by all bedroom counts and property types.

Excelsior

Median rent price$1,252

35%

lower than the national median

Median rent price$1,582

18%

lower than the national median

Takeaway

The median rent for all rentals in Excelsior, MN is 21% lower than the median rent in Buffalo, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,582

$2,043

$2,186

$1,425

$1,430

$1,722

$2,375

$2,199

$1,762

$1,815

$2,027

$1,939

Discover rentals in Excelsior, MN

Excelsior Lake Apartments - Photo 1 of 1

1d ago

9.9

Excellent

Verified

Excelsior Lake Apartments

500 Linden St, Excelsior, MN 55331

1–2 beds

1 bath

$995–$1,050

Apartment for rent

Call

Rent special

5d+ ago

9.6

Excellent

Verified

Bay Pointe Apartments

840 3rd Ave, Excelsior, MN 55331

1–2 beds

1 bath

$1,105–$1,255

Apartment for rent

Call

5d+ ago

9.7

Excellent

Verified

Tonkaway Apartments

818 3rd Ave, Excelsior, MN 55331

2 beds

1 bath

$1,250

Apartment for rent

Call

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Frequently asked questions for Excelsior, MN

Quick answers to common questions about the Excelsior rental market.

How much is rent in Excelsior?

The average rent in Excelsior is $1,252 per month as of August 8, 2026.

Is rent up or down in Excelsior?

Average rent prices in Excelsior have increased by 16% over the last month and have decreased by 10% since last year.

How does Excelsior rent compare to the national average?

Rent in Excelsior is 35% below the national average, which means renters are paying approximately $672 less per month.

What salary do I need to afford rent in Excelsior?

To comfortably afford rent in Excelsior, you'd need to earn approximately $50,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Excelsior?

Based on our current listings, 41% of Excelsior rentals welcome pets, which works out to about 12 pet-friendly apartments each month across the city's average inventory of 29 units.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).