Homes For Rent in Shakopee, MN

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What to Know About

Life in Shakopee & Beyond

Shakopee 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

Shakopee, MN

As of March 2025, Shakopee's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Shakopee's average rent is 14.2% ($203) higher than the Minnesota average of $1,429 and 8.7% ($156) lower than the U.S. average of $1,788.

Average Rent
$1,632
Monthly ChangeMonth Over Month Change
Increased0.1% ($2)
Yearly ChangeYear Over Year Change
Decreased6.7% ($117)
Avg. Days on MarketAverage Days on Market
40
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,451 Increased0.6% ($9) Increased5.6% ($77)
2 Beds $1,790 Increased2.4% ($42) Increased3.6% ($63)
3 Beds $2,633 Increased11.5% ($271) Increased19.7% ($433)
Nearby Cities Average Rent Avg. Rent vs. ShakopeeAverage Rent vs. Shakopee Avg. Days on MarketAverage Days on Market
Chaska $1,693 Increased3.7% ($61) 42 days
Prior Lake $1,605 Decreased1.7% ($27) 46 days
Savage $1,886 Increased15.6% ($254) 45 days
Chanhassen $1,555 Decreased4.7% ($77) 44 days
Jordan $1,891 Increased15.9% ($259) 40 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Shakopee Rental Market FAQs

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

The average rent in Shakopee, MN is $1,632 per month.
Homes in Shakopee typically rent for between $1,016 and $3,423 per month, with an average of $1,632 per month.
In Shakopee, the average rent for a 1-bedroom home is $1,451 per month, for a 2-bedroom home, $1,790 per month, and a 3-bedroom home is $2,633 per month.
The average rent in Shakopee is 8.7% ($156) lower than the national average of $1,788 per month.
The average rent in Shakopee has increased by 0.1% ($2) in the last month and decreased by 6.7% ($117) over the past year.
The rental market in Shakopee, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Shakopee, MN, the average rental stays on the market for approximately 40 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 23 rental properties available in Shakopee, MN.
Based on the current averages, a household would need an annual income of $71,600 to comfortably afford a 2-bedroom home in Shakopee.
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