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

As of July 2025, Saint Peter's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Saint Peter's average rent is 15.5% ($229) lower than the Minnesota average of $1,479 and 29.6% ($525) lower than the U.S. average of $1,775.

Average Rent

$1,250

Monthly ChangeMonth Over Month Change

2.9% ($35)

Yearly ChangeYear Over Year Change

4.8% ($57)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,134	3.2% ($35)	0.1% ($1)
2 Beds	$1,257	1.4% ($18)	9.8% ($136)
3 Beds	$1,574	2.5% ($39)	2.7% ($43)

Nearby Cities	Average Rent	Avg. Rent vs. Saint PeterAverage Rent vs. Saint Peter	Avg. Days on MarketAverage Days on Market
Le Sueur	$1,440	15.2% ($190)	44 days
Mankato	$1,388	11% ($138)	39 days
Belle Plaine	$1,416	13.3% ($166)	43 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Saint Peter Rental Market FAQs

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

What is the average rent in Saint Peter, MN?

The average rent in Saint Peter, MN is $1,250 per month.

What is the rental price range for homes in Saint Peter, MN?

Homes in Saint Peter typically rent for between $794 and $2,046 per month, with an average of $1,250 per month.

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

In Saint Peter, the average rent for a 1-bedroom home is $1,134 per month, for a 2-bedroom home, $1,257 per month, and a 3-bedroom home is $1,574 per month.

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

The average rent in Saint Peter is 29.6% ($525) lower than the national average of $1,775 per month.

How have rent prices in Saint Peter, MN changed recently?

The average rent in Saint Peter has increased by 2.9% ($35) in the last month and increased by 4.8% ($57) over the past year.

How competitive is the rental market in Saint Peter, MN?

The rental market in Saint Peter, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.

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

In Saint Peter, MN, the average rental stays on the market for approximately 47 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 Saint Peter, MN?

There are currently 8 rental properties available in Saint Peter, MN.

Can I afford to rent a home in Saint Peter, MN?

Based on the current averages, a household would need an annual income of $50,280 to comfortably afford a 2-bedroom home in Saint Peter.