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Apartments for Rent in St. Peter, MN

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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

As of October 2026, Saint Peter's rental market is competitive, with rentals spending about 32 days on the market, faster than in Minnesota (40), and rents down 3.1% over the past year. St. Peter's average rent is 21.6% ($363) lower than the Minnesota average of $1,683 and 36.6% ($762) lower than the U.S. average of $2,082.

Average Rent
$1,320
Monthly ChangeMonth Over Month Change
Decreased0.22% ($3)
Yearly ChangeYear Over Year Change
Decreased3.1% ($42)
Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,150 Decreased0.01% Decreased3.9% ($47)
2 Beds $1,355 Decreased1.07% ($15) Decreased4.8% ($68)
3 Beds $1,791 Increased0.78% ($14) Increased4.7% ($81)
Nearby Cities Average Rent Avg. Rent vs. Saint PeterAverage Rent vs. Saint Peter Days on Market
Le Sueur $1,363 Increased3.3% ($43) 42 days
Gaylord $1,141 Decreased13.6% ($179) 40 days
Cleveland $1,598 Increased21.1% ($278) 38 days
Mankato $1,453 Increased10.1% ($133) 37 days
Madison Lake $1,873 Increased41.9% ($553) 30 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 $1,320 per month.
In St. Peter, the average rent is about $1,150 per month for a 1-bedroom apartment, about $1,355 for a 2-bedroom apartment and about $1,791 for a 3-bedroom apartment.
The average rent in St. Peter is 36.6% ($762) lower than the national average of $2,082 per month.
The rental market in St. Peter, MN is currently competitive, with rentals spending about 32 days on the market, faster than in Minnesota (40), and rents down 3.1% over the past year.
Based on the current averages, a household would need an annual income of about $54,200 to comfortably afford a 2-bedroom apartment in St. Peter.
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