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

Excelsior, MN

As of July 2025, Excelsior's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Excelsior's average rent is 11.5% ($170) lower than the Minnesota average of $1,479 and 26.3% ($466) lower than the U.S. average of $1,775.

Average Rent

$1,309

Monthly ChangeMonth Over Month Change

24.9% ($433)

Yearly ChangeYear Over Year Change

10.6% ($125)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,305	4% ($54)	14.8% ($168)
2 Beds	$1,653	4.7% ($81)	18.2% ($255)
3 Beds	$2,002	4.5% ($95)	23.4% ($379)

Nearby Cities	Average Rent	Avg. Rent vs. ExcelsiorAverage Rent vs. Excelsior	Avg. Days on MarketAverage Days on Market
Spring Park	$1,692	29.3% ($383)	35 days
Mound	$1,649	26% ($340)	34 days
Chanhassen	$1,388	6% ($79)	44 days
Chaska	$1,708	30.5% ($399)	42 days
Wayzata	$1,489	13.8% ($180)	36 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Excelsior Rental Market FAQs

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

What is the average rent in Excelsior, MN?

The average rent in Excelsior, MN is $1,309 per month.

What is the rental price range for apartments in Excelsior, MN?

Apartments in Excelsior typically rent for between $914 and $2,603 per month, with an average of $1,309 per month.

What is the average rent for different bedroom sizes in Excelsior, MN?

In Excelsior, the average rent for a 1-bedroom apartment is $1,305 per month, for a 2-bedroom apartment, $1,653 per month, and a 3-bedroom apartment is $2,002 per month.

How do rent prices in Excelsior, MN compare with the national average?

The average rent in Excelsior is 26.3% ($466) lower than the national average of $1,775 per month.

How have rent prices in Excelsior, MN changed recently?

The average rent in Excelsior has decreased by 24.9% ($433) in the last month and increased by 10.6% ($125) over the past year.

How competitive is the rental market in Excelsior, MN?

The rental market in Excelsior, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Excelsior, MN?

In Excelsior, MN, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Excelsior, MN?

There are currently 6 rental properties available in Excelsior, MN.

Can I afford to rent an apartment in Excelsior, MN?

Based on the current averages, a household would need an annual income of $66,120 to comfortably afford a 2-bedroom apartment in Excelsior.