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 August 2025, Shakopee's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Shakopee's average rent is 46.4% ($694) higher than the Minnesota average of $1,496 and 22.3% ($400) higher than the U.S. average of $1,790.

Average Rent

$2,190

Monthly ChangeMonth Over Month Change

2.3% ($52)

Yearly ChangeYear Over Year Change

25.8% ($449)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,443	7.5% ($117)	0.6% ($9)
2 Beds	$1,984	0.9% ($18)	15.2% ($262)
3 Beds	$3,029	0.6% ($19)	18.5% ($472)

Nearby Cities	Average Rent	Avg. Rent vs. ShakopeeAverage Rent vs. Shakopee	Avg. Days on MarketAverage Days on Market
Chaska	$1,686	23% ($504)	42 days
Prior Lake	$1,500	31.5% ($690)	46 days
Savage	$1,914	12.6% ($276)	45 days
Chanhassen	$1,501	31.5% ($689)	44 days
Eden Prairie	$1,519	30.6% ($671)	37 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.

What is the average rent in Shakopee, MN?

The average rent in Shakopee, MN is $2,190 per month.

What is the rental price range for houses in Shakopee, MN?

Houses in Shakopee typically rent for between $1,010 and $3,938 per month, with an average of $2,190 per month.

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

In Shakopee, the average rent for a 1-bedroom house is $1,443 per month, for a 2-bedroom house, $1,984 per month, and a 3-bedroom house is $3,029 per month.

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

The average rent in Shakopee is 22.3% ($400) higher than the national average of $1,790 per month.

How have rent prices in Shakopee, MN changed recently?

The average rent in Shakopee has decreased by 2.3% ($52) in the last month and increased by 25.8% ($449) over the past year.

How competitive is the rental market in Shakopee, MN?

The rental market in Shakopee, 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 Shakopee, MN?

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.

How many rental properties are available in Shakopee, MN?

There are currently 12 rental properties available in Shakopee, MN.

Can I afford to rent a house in Shakopee, MN?

Based on the current averages, a household would need an annual income of $79,360 to comfortably afford a 2-bedroom house in Shakopee.