Average Rent in Excelsior, MN and Rent Price Trends

Rent trends in Excelsior, MN

Average rent prices in Excelsior have increased by 3% over the last month and have increased by 25% 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 $1,400, whereas a house costs $3,290. 1-bedroom apartments in Excelsior run $1,205 on average, while 2-bedroom apartments are $1,250.


Studio	$1,157	66%	4%
1 bedroom	$1,420	3%	7%
2 bedroom	$1,775	1%	28%
3 bedroom	$3,200	5%	21%
4 bedroom	$4,600	3%	-


Apartments	$1,400	6%	No Change
Condos	$1,635	No Change	-
Houses	$3,290	23%	No Change

Studio

Average rent

$1,157

Last 30 days

66%

Last year

1 bedroom

Average rent

$1,420

Last 30 days

Last year

2 bedroom

Average rent

$1,775

Last 30 days

Last year

28%

3 bedroom

Average rent

$3,200

Last 30 days

Last year

21%

4 bedroom

Average rent

$4,600

Last 30 days

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$1,679

14%

lower than the national median

Median rent price$1,434

26%

lower than the national median

Takeaway

The median rent for all rentals in Excelsior, MN is 17% higher than the median rent in Buffalo, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,434

$2,212

$1,701

$1,900

$1,896

$2,445

$1,395

$1,595

$1,775

$1,570

$2,027

$1,981

Discover rentals in Excelsior, MN

15h 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 $1,679 per month as of June 20, 2026.

Is rent up or down in Excelsior?

Average rent prices in Excelsior have increased by 3% over the last month and have increased by 25% since last year.

How does Excelsior rent compare to the national average?

Rent in Excelsior is 14% below the national average, which means renters are paying approximately $270 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 $67,000/year, based on spending no more than 30% of your income on rent.

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

The average rent for a 1-bedroom apartment in Excelsior, MN is $1,363, while a 2-bedroom apartment costs around $1,290.

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).