Homes for Rent in 55116

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What to Know About

Living in 55116

Saint Paul, known as the "Saintly City," is located near the banks of the Mississippi River. It's home to historical and cultural attractions such as the stunning Cathedral of Saint Paul, the Science Museum of Minnesota, the Minnesota Children's Museum, the Minnesota Museum of American Art, and the Landmark Center. In addition, the city is home to several major universities, including the University of St. Thomas, a private Catholic school, and Metropolitan State University.

Sports fans can cheer for their beloved Minnesota Wild (NHL), and outdoor fans can explore and enjoy nature by going through the scenic Mississippi National River and Recreation Area, the Como Park Zoo and Conservatory, and the beautiful Summit Avenue to completely immerse themselves in nature. The city also hosts various year-round events, including the Saint Paul Winter Carnival, the Minnesota State Fair, and the Twin Cities Jazz Festival. When it comes to entertainment, Saint Paul has something for everyone.

Saint Paul is a great place to live due to its high quality of life, beautiful parks and green spaces, strong economy, and welcoming community.

Rental Market Trends

Saint Paul, MN

As of July 2025, Saint Paul's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Saint Paul's average rent is 4.7% ($70) lower than the Minnesota average of $1,479 and 20.6% ($366) lower than the U.S. average of $1,775.

Average Rent
$1,409
Monthly ChangeMonth Over Month Change
Increased1.6% ($22)
Yearly ChangeYear Over Year Change
Increased1.3% ($18)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,270 Increased2.3% ($28) Increased4.5% ($55)
2 Beds $1,615 Increased1.6% ($26) Increased5.6% ($85)
3 Beds $2,250 Decreased1.2% ($27) Decreased3.9% ($92)
Nearby Cities Average Rent Avg. Rent vs. Saint PaulAverage Rent vs. Saint Paul Avg. Days on MarketAverage Days on Market
South Saint Paul $1,227 Decreased12.9% ($182) 27 days
Newport $1,266 Decreased10.1% ($143) 44 days
Inver Grove Heights $1,709 Increased21.3% ($300) 26 days
Minneapolis $1,402 Decreased0.5% ($7) 33 days
Lake Elmo $3,677 Increased161% ($2268) 47 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Saint Paul Rental Market FAQs

Explore rental prices, market trends, and availability in Saint Paul, MN.

The average rent in Saint Paul, MN is $1,409 per month.
Homes in Saint Paul typically rent for between $889 and $2,925 per month, with an average of $1,409 per month.
In Saint Paul, the average rent for a 1-bedroom home is $1,270 per month, for a 2-bedroom home, $1,615 per month, and a 3-bedroom home is $2,250 per month.
The average rent in Saint Paul is 20.6% ($366) lower than the national average of $1,775 per month.
The average rent in Saint Paul has increased by 1.6% ($22) in the last month and increased by 1.3% ($18) over the past year.
The rental market in Saint Paul, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Saint Paul, MN, the average rental stays on the market for approximately 31 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 631 rental properties available in Saint Paul, MN.
Based on the current averages, a household would need an annual income of $64,600 to comfortably afford a 2-bedroom home in Saint Paul.
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