Shakopee, MN Rental Market Trends
Last updated: February 17, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Shakopee is $1,740, a 1.94% increase compared to the previous year, when the average rent was $1,707.
Studio Apartments at $1,318 offer the most budget-friendly option with 479 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 733 square feet for $1,531, balancing privacy and affordability.
Two-beedroom units at $1,874 offer 1,055 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,276 sq ft) for $2,324, suitable for larger households.
Average rent in Shakopee, MN
Last updated: February 17, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,740 | 912 sq. ft. |
| Studio | $1,318 | 479 sq. ft. |
| 1 Bed | $1,531 | 733 sq. ft. |
| 2 Beds | $1,874 | 1,055 sq. ft. |
| 3 Beds | $2,324 | 1,276 sq. ft. |
Shakopee, MN rent trends
Rental prices in Shakopee, MN have increased by 1.94% over the past year. The average rent moved from $1,707 to $1,740.
What's the typical rent budget in Shakopee, MN?
The largest share of rentals in Shakopee, MN (46%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Shakopee, MN?
3,734 or 23% of the households in Shakopee, MN are renter-occupied while 12,360 or 77% are owner-occupied.
How Shakopee Compares to Other Cities
| City | Average Rent |
|---|---|
| Shakopee | $1,740 |
| 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 |
| Plymouth, MN | $1,700 |
| Eden Prairie | $1,755 |
| Eagan | $1,718 |
| Hopkins, MN | $1,598 |
| Chaska, MN | $1,729 |
| Golden Valley | $1,863 |
| Lakeville, MN | $1,856 |
| Apple Valley, MN | $1,791 |
| New Hope, MN | $1,331 |
| Richfield, MN | $1,412 |
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 Shakopee 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.