Homes & Apartments for Rent in Excelsior, MN

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What to Know About

Life in Excelsior & Beyond

Excelsior 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

Excelsior, MN

As of June 2026, Excelsior's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Excelsior's average rent is 23.9% ($368) lower than the Minnesota average of $1,539 and 34.8% ($626) lower than the U.S. average of $1,797.

Average Rent
$1,171
Monthly ChangeMonth Over Month Change
Decreased2.3% ($27)
Yearly ChangeYear Over Year Change
Decreased32.8% ($571)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,130 Increased2.3% ($25) Decreased16.9% ($229)
2 Beds $1,421 Increased12.7% ($160) Decreased18.1% ($313)
3 Beds $1,826 Increased14.3% ($229) Decreased12.9% ($271)
Nearby Cities Average Rent Avg. Rent vs. ExcelsiorAverage Rent vs. Excelsior Avg. Days on MarketAverage Days on Market
Mound $1,531 Increased30.7% ($360) 34 days
Chanhassen $1,840 Increased57.1% ($669) 44 days
Chaska $1,630 Increased39.2% ($459) 42 days
Wayzata $1,520 Increased29.8% ($349) 36 days
Long Lake $1,363 Increased16.4% ($192) 32 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Excelsior Rental Market FAQs

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

The average rent in Excelsior, MN is $1,171 per month.
Homes in Excelsior typically rent for between $791 and $2,374 per month, with an average of $1,171 per month.
In Excelsior, the average rent for a 1-bedroom home is $1,130 per month, for a 2-bedroom home, $1,421 per month, and a 3-bedroom home is $1,826 per month.
The average rent in Excelsior is 34.8% ($626) lower than the national average of $1,797 per month.
The average rent in Excelsior has decreased by 2.3% ($27) in the last month and decreased by 32.8% ($571) over the past year.
The rental market in Excelsior, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Excelsior, MN, the average rental stays on the market for approximately 37 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 7 rental properties available in Excelsior, MN.
Based on the current averages, a household would need an annual income of $56,840 to comfortably afford a 2-bedroom home in Excelsior.
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