Saint Paul, MN Rental Market
Saint Paul is Minnesota's state capital and the cultural twin of Minneapolis, offering a distinct character built around its historic Victorian neighborhoods, river bluffs, and Midway corridor. The state government, Ecolab, and St. Paul-based healthcare systems are major employers, supplemented by the University of St. Thomas, Macalester College, and Hamline University. The city's slightly lower rents compared to Minneapolis attract renters seeking walkability and character at a modest discount.
Get a rent estimate for an address in Saint PaulAverage Rent in Saint Paul, MN
$1,280
per month · 2026-06
Market Score
Key Facts — Saint Paul, MN Rental Market
- Average rent in Saint Paul, MN:$1,280/mo
- Median rent:$1,178/mo
- Rent range:$650 – $2,800/mo
- Most common rental (2 bedrooms):$1,125/mo
- Active listings:1,400
- Avg days to lease:29 days
- Year-over-year change:+3.0%
- Median home value:$245,000
- Est. gross annual yield:6.3%
- Data as of:2026-06
Rent by Bedroom in Saint Paul, MN
Average monthly rent for each bedroom type based on current active listings in Saint Paul.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $925/mo |
2 Bedrooms | $1,125/mo |
3 Bedrooms | $1,425/mo |
4 Bedrooms | $1,775/mo |
5 Bedrooms | $2,025/mo |
Saint Paul Rental Market Statistics
Key indicators from the current Saint Paul, MN rental market.
1,400
Available now in Saint Paul
29
From list to lease
$0.99
Average across listings
1,292 sq ft
Typical rental size
$650 – $2,800
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Saint Paul, MN Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$245,000
Typical purchase price in Saint Paul
Est. Gross Annual Yield
6.3%
Before expenses & vacancy
Avg Monthly Income
$1,280
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Saint Paul for a full cash-flow breakdown including all costs.
Saint Paul, MN Rental Market FAQ
Common questions about renting and investing in Saint Paul, MN.
What is the average rent in Saint Paul, MN?
The average rent in Saint Paul, MN is $1,280 per month as of 2026. One-bedroom apartments average $925/mo, two-bedrooms $1,125/mo, and three-bedroom homes $1,425/mo. Summit Hill, Grand Avenue, and the Cathedral Hill neighborhoods command above-average rents.
Is Saint Paul, MN a good place to invest in rental property?
Saint Paul offers a 6.3% estimated gross yield with slightly lower home prices than Minneapolis ($245,000 vs. $295,000) and consistent demand from state government workers, university students, and healthcare professionals. The city's character neighborhoods support strong tenant retention.
How competitive is the Saint Paul, MN rental market?
Saint Paul averages 29 days on market with approximately 1,400 active listings. The Summit Avenue, Grand Avenue, and Cathedral Hill areas are the most competitive. Properties in the Midway corridor near the Green Line light rail lease quickly due to transit access to both downtowns.
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