Average Rent in Shakopee, MN and Rent Price Trends

Rent trends in Shakopee, MN

Average rent prices in Shakopee have decreased by 3% over the last month and have decreased by 3% 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
Shakopee, MN

Rent prices in Shakopee vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Shakopee is $1,472, whereas a house costs $2,695. 1-bedroom apartments in Shakopee run $1,408 on average, while 2-bedroom apartments are $1,697.


Studio	$1,369	2%	12%
1 bedroom	$1,407	1%	2%
2 bedroom	$1,722	2%	7%
3 bedroom	$2,550	4%	7%
4 bedroom	$3,400	2%	13%


Apartments	$1,472	1%	No Change
Condos	$1,400	36%	-
Houses	$2,695	1%	No Change

Studio

Average rent

$1,369

Last 30 days

Last year

12%

1 bedroom

Average rent

$1,407

Last 30 days

Last year

2 bedroom

Average rent

$1,722

Last 30 days

Last year

3 bedroom

Average rent

$2,550

Last 30 days

Last year

4 bedroom

Average rent

$3,400

Last 30 days

Last year

13%

The table above reflects average rent prices in Shakopee, 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 Shakopee, MN compare to other cities?

Compare median rent prices in Shakopee and Apple Valley by all bedroom counts and property types.

Shakopee

Median rent price$1,697

13%

lower than the national median

Median rent price$1,850

lower than the national median

Takeaway

The median rent for all rentals in Shakopee, MN is 8% lower than the median rent in Apple Valley, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,850

$1,675

$1,987

$1,885

$1,485

$1,397

$1,950

$2,335

$1,655

$1,312

$1,688

$1,632

Discover rentals in Shakopee, MN

5d+ ago

Apartment for rent in Shakopee

Brown Apartments

121 3rd Ave E, Shakopee, MN 55379

2 beds

1 bath

$1,200

Apartment for rent

Available Jul 1

Great 2 Bedroom Near Downtown Shakopee With Parking! - Photo 1 of 1

5d+ ago

8.3

Very good

Great 2 Bedroom Near Downtown Shakopee With Parking!

321 Harrison St S, Shakopee, MN 55379

2 beds

1 bath

$1,395

Apartment for rent

5d+ ago

Condo for rent in Shakopee

Cozy 2 Bed, 1 Bath Unit in Shakopee! $1400/mo - Available 5/2/2026

1427 Shakopee Ave E #2, Shakopee, MN 55379

2 beds

1 bath

$1,400

Condo for rent

Available May 2

5d+ ago

Apartment for rent in Shakopee

Charming 2 Bed/1 Bath Unit in Shakopee | Available 4/15 | $1400/mo

101 Lewis St S #2, Shakopee, MN 55379

2 beds

1 bath

$1,400

Apartment for rent

Available Apr 15

5d+ ago

Townhouse for rent in Shakopee

1745 Countryside Dr, Shakopee, MN 55379

3 beds

2.5 baths

$2,049

House for rent

Available Jul 15

3d ago

Townhouse for rent in Shakopee

1425 Coneflower Ln, Shakopee, MN 55379

4 beds

3.5 baths

$2,525

House for rent

Available Jul 15

2d ago

House for rent in Shakopee

Available Now 4 Bedroom 2 Bath Single Family Home in Shakopee

329 Alexander Ct, Shakopee, MN 55379

4 beds

2 baths

$2,699

House for rent

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Frequently asked questions for Shakopee, MN

Quick answers to common questions about the Shakopee rental market.

How much is rent in Shakopee?

The average rent in Shakopee is $1,697 per month as of May 23, 2026.

Is rent up or down in Shakopee?

Average rent prices in Shakopee have decreased by 3% over the last month and have decreased by 3% since last year.

How does Shakopee rent compare to the national average?

Rent in Shakopee is 13% below the national average, which means renters are paying approximately $253 less per month.

What salary do I need to afford rent in Shakopee?

To comfortably afford rent in Shakopee, you'd need to earn approximately $68,000/year, based on spending no more than 30% of your income on rent.

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

Shakopee, Minnesota's 2025 rental market shows one-bedroom apartments averaging around $1,400 per month, while two-bedroom units average around $1,800 monthly. These figures represent the current market rates across the city's rental inventory.

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).