Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Life in Spring Park & Beyond
Spring Park 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
Spring Park, MN
As of June 2026, Spring Park's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Spring Park's average rent is 35.0% ($539) higher than the Minnesota average of $1,539 and 15.6% ($281) higher than the U.S. average of $1,797.
Average Rent
$2,078
Monthly ChangeMonth Over Month Change
25.2% ($418)
Yearly ChangeYear Over Year Change
23.3% ($393)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,638 | 2.1% ($33) | 0.7% ($12) |
| 2 Beds | $2,020 | 0.7% ($14) | 0.1% ($3) |
| 3 Beds | $2,546 | 3.1% ($76) | 9% ($210) |
| Nearby Cities | Average Rent | Avg. Rent vs. Spring ParkAverage Rent vs. Spring Park | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Mound | $1,531 | 26.3% ($547) | 34 days |
| Excelsior | $1,171 | 43.6% ($907) | 37 days |
| Long Lake | $1,363 | 34.4% ($715) | 32 days |
| Wayzata | $1,520 | 26.9% ($558) | 36 days |
| Chanhassen | $1,840 | 11.5% ($238) | 44 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Spring Park Rental Market FAQs
Explore rental prices, market trends, and availability in Spring Park, MN.
The average rent in Spring Park, MN is $2,078 per month.
Homes in Spring Park typically rent for between $1,147 and $3,310 per month, with an average of $2,078 per month.
In Spring Park, the average rent for a 1-bedroom home is $1,638 per month, for a 2-bedroom home, $2,020 per month, and a 3-bedroom home is $2,546 per month.
The average rent in Spring Park is 15.6% ($281) higher than the national average of $1,797 per month.
The average rent in Spring Park has increased by 25.2% ($418) in the last month and increased by 23.3% ($393) over the past year.
The rental market in Spring Park, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Spring Park, MN, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $80,800 to comfortably afford a 2-bedroom home in Spring Park.
