Homes & Apartments for Rent in Chanhassen, MN

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What to Know About

Life in Chanhassen & Beyond

Chanhassen shares many of the great qualities that make Minnesota a desirable place to live.

Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Chanhassen, MN

As of April 2026, Chanhassen's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Chanhassen's average rent is 18.1% ($276) higher than the Minnesota average of $1,529 and 1.0% ($17) higher than the U.S. average of $1,788.

Average Rent
$1,805
Monthly ChangeMonth Over Month Change
Increased4.8% ($83)
Yearly ChangeYear Over Year Change
Increased17.5% ($269)
Avg. Days on MarketAverage Days on Market
44
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,418 Increased4.7% ($64) Decreased3.7% ($54)
2 Beds $1,748 Increased3.3% ($56) Decreased4.5% ($83)
3 Beds $2,203 Increased5.8% ($120) Increased4.2% ($88)
Nearby Cities Average Rent Avg. Rent vs. ChanhassenAverage Rent vs. Chanhassen Avg. Days on MarketAverage Days on Market
Chaska $1,624 Decreased10% ($181) 42 days
Eden Prairie $1,567 Decreased13.2% ($238) 37 days
Excelsior $1,280 Decreased29.1% ($525) 37 days
Shakopee $2,347 Increased30% ($542) 40 days
Wayzata $1,614 Decreased10.6% ($191) 36 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Chanhassen Rental Market FAQs

Explore rental prices, market trends, and availability in Chanhassen, MN.

The average rent in Chanhassen, MN is $1,805 per month.
Homes in Chanhassen typically rent for between $993 and $2,864 per month, with an average of $1,805 per month.
In Chanhassen, the average rent for a 1-bedroom home is $1,418 per month, for a 2-bedroom home, $1,748 per month, and a 3-bedroom home is $2,203 per month.
The average rent in Chanhassen is 1% ($17) higher than the national average of $1,788 per month.
The average rent in Chanhassen has increased by 4.8% ($83) in the last month and increased by 17.5% ($269) over the past year.
The rental market in Chanhassen, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Chanhassen, MN, the average rental stays on the market for approximately 44 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 6 rental properties available in Chanhassen, MN.
Based on the current averages, a household would need an annual income of $69,920 to comfortably afford a 2-bedroom home in Chanhassen.
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