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Homes & Apartments for Rent in St. Peter, MN 56082

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What to Know About

Life in Saint Peter & Beyond

Saint Peter 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

Saint Peter, MN

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As of November 2026, Saint Peter's rental market is competitive, with rentals spending about 24 days on the market, faster than in Minnesota (28), and rents down 2.8% over the past year. St. Peter's average rent is 16.9% ($274) lower than the Minnesota average of $1,617 and 34.0% ($693) lower than the U.S. average of $2,036.

Average Rent
$1,343
Monthly ChangeMonth Over Month Change
Increased0.16% ($2)
Yearly ChangeYear Over Year Change
Decreased2.8% ($39)
Days on Market
24
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,149 Increased0.56% ($6) Decreased3.6% ($42)
2 Beds $1,380 Decreased0.70% ($10) Decreased5.9% ($87)
3 Beds $1,778 Increased1.09% ($19) Increased6.5% ($108)
Nearby Cities Average Rent Avg. Rent vs. Saint PeterAverage Rent vs. Saint Peter Days on Market
North Mankato $1,390 Increased3.5% ($47) 28 days
Le Sueur $1,252 Decreased6.8% ($91) 30 days
Gaylord $1,083 Decreased19.4% ($260) 28 days
Cleveland $1,491 Increased11.0% ($148) 30 days
Mankato $1,463 Increased8.9% ($120) 28 days
Based on rentals advertised on RentalSource in and around Saint Peter.
Frequently Asked Questions
Saint Peter Rental Market FAQs

Explore rental prices, market conditions, and affordability in Saint Peter, MN.

The average rent in St. Peter, MN is about $1,343 per month.
In St. Peter, the average rent is about $1,149 per month for a 1-bedroom home, about $1,380 for a 2-bedroom home and about $1,778 for a 3-bedroom home.
The average rent in St. Peter is 34% ($693) lower than the national average of $2,036 per month.
The rental market in St. Peter, MN is currently competitive, with rentals spending about 24 days on the market, faster than in Minnesota (28), and rents down 2.8% over the past year.
Based on the current averages, a household would need an annual income of about $55,200 to comfortably afford a 2-bedroom home in St. Peter.
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