Saint Peter, MN Rental Market Trends
Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Saint Peter is $1,325, a 2.57% increase compared to the previous year, when the average rent was $1,292.
One-bedroom apartments provide 739 square feet for $1,165, balancing privacy and affordability.
Two-beedroom units at $1,448 offer 1,065 square feet, perfect for roommates or small families.
Average rent in Saint Peter, MN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,325 | 931 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,165 | 739 sq. ft. |
| 2 Beds | $1,448 | 1,065 sq. ft. |
| 3 Beds | n/a | n/a |
Saint Peter, MN rent trends
Rental prices in Saint Peter, MN have increased by 2.57% over the past year. The average rent moved from $1,292 to $1,325.
What's the typical rent budget in Saint Peter, MN?
The largest share of rentals in Saint Peter, MN (86%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Saint Peter, MN?
1,676 or 34% of the households in Saint Peter, MN are renter-occupied while 3,228 or 66% are owner-occupied.
How Saint Peter Compares to Other Cities
| City | Average Rent |
|---|---|
| Saint Peter | $1,325 |
| Minneapolis | $1,687 |
| St. Paul | $1,515 |
| Moorhead | $1,081 |
| Rochester | $1,642 |
| St. Louis Park | $1,776 |
| Bloomington | $1,676 |
| Edina | $1,849 |
| St. Cloud | $1,163 |
| Minnetonka | $1,953 |
| Burnsville | $1,576 |
| Chaska, MN | $1,729 |
| Mankato, MN | $1,404 |
| Shakopee, MN | $1,740 |
| Waconia, MN | $1,160 |
| Prior Lake, MN | $1,696 |
| Jordan, MN | $1,495 |
| Eagle Lake, MN | $1,575 |
| New Ulm, MN | $960 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Saint Peter apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.