Average Rent in Shakopee, MN and Rent Price Trends

Rent trends in Shakopee, MN

Average rent prices in Shakopee have increased by 3% over the last month and have increased by 14% 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 $1,511, whereas a house costs $2,550. 1-bedroom apartments in Shakopee run $1,408 on average, while 2-bedroom apartments are $1,780.


Studio	$1,325	3%	5%
1 bedroom	$1,455	No Change	7%
2 bedroom	$1,795	2%	2%
3 bedroom	$2,575	3%	10%
4 bedroom	$2,850	1%	14%


Apartments	$1,511	1%	No Change
Condos	$1,407	No Change	-
Houses	$2,550	1%	No Change

Studio

Average rent

$1,325

Last 30 days

Last year

1 bedroom

Average rent

$1,455

Last 30 days

No Change

Last year

2 bedroom

Average rent

$1,795

Last 30 days

Last year

3 bedroom

Average rent

$2,575

Last 30 days

Last year

10%

4 bedroom

Average rent

$2,850

Last 30 days

Last year

14%

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$1,797

lower than the national median

Median rent price$1,975

higher than the national median

Takeaway

The median rent for all rentals in Shakopee, MN is 9% lower than the median rent in Apple Valley, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,975

$1,747

$1,980

$1,870

$1,500

$1,397

$2,072

$2,292

$1,745

$1,249

$1,911

$1,575

Discover rentals in Shakopee, MN

5d+ ago

Apartment for rent in Shakopee

$1,500 - 2 Bedroom 1 Bathroom Apartment In Shakopee With Great Amenities

609 Market St S #8, Shakopee, MN 55379

2 beds

1 bath

$1,500

1d ago

8.2

Very good

Eagle Creek Townhomes

700 Sarazin St, Shakopee, MN 55379

2–3 beds

1 bath

$1,695–$2,075

5d+ ago

Townhouse for rent in Shakopee

1269 Taylor St #2, Shakopee, MN 55379

3 beds

2 baths

$1,999

5d+ ago

Townhouse for rent in Shakopee

END UNIT TOWNHOUSE - Open Concept With Attached 2 Car Garage

4660 Woodland Ave, Shakopee, MN 55379

4 beds

3.5 baths

$2,150

5d+ ago

Townhouse for rent in Shakopee

3 bedroom 3 bathroom Duplex Available Oct. 1st

1035 Bluff Ave E, Shakopee, MN 55379

3 beds

2 baths

$2,195

5d+ ago

House for rent in Shakopee

Available Now 4 Bedroom 2 Bath Single Family Home in Shakopee

1505 Harvest Ln, Shakopee, MN 55379

4 beds

2 baths

$2,500

5d+ ago

House for rent in Shakopee

1301 Polk St S, Shakopee, MN 55379

4 beds

2 baths

$2,600

1d ago

House for rent in Shakopee

817 Jack Russell Ave, Shakopee, MN 55379

4 beds

2 baths

$2,750

Stay up to date with rental market insights

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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 $1,797 per month as of October 3, 2026.

Is rent up or down in Shakopee?

Average rent prices in Shakopee have increased by 3% over the last month and have increased by 14% since last year.

How does Shakopee rent compare to the national average?

Rent in Shakopee is 5% below the national average, which means renters are paying approximately $102 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 $72,000/year, based on spending no more than 30% of your income on rent.

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

September offers the best rental deals in Shakopee, with rents running about 3.9% lower than peak summer prices. July sees the highest rents, so timing your search for fall can help you save on monthly costs.

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).