Apartments & Homes 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 April 2025, Excelsior's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Excelsior's average rent is 34.8% ($496) higher than the Minnesota average of $1,425 and 6.8% ($122) higher than the U.S. average of $1,799.

Average Rent
$1,921
Monthly ChangeMonth Over Month Change
Increased0.6% ($12)
Yearly ChangeYear Over Year Change
Increased70% ($791)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,556 Decreased0.4% ($7) Increased67.5% ($627)
2 Beds $1,936 Increased0.4% ($8) Increased69.5% ($794)
3 Beds $2,235 Increased1.1% ($24) Increased68.6% ($909)
Nearby Cities Average Rent Avg. Rent vs. ExcelsiorAverage Rent vs. Excelsior Avg. Days on MarketAverage Days on Market
Spring Park $1,685 Decreased12.3% ($236) 35 days
Mound $1,522 Decreased20.8% ($399) 34 days
Chanhassen $1,536 Decreased20% ($385) 44 days
Chaska $1,709 Decreased11% ($212) 42 days
Wayzata $1,467 Decreased23.6% ($454) 36 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 $1,921 per month.
Homes in Excelsior typically rent for between $1,089 and $2,906 per month, with an average of $1,921 per month.
In Excelsior, the average rent for a 1-bedroom home is $1,556 per month, for a 2-bedroom home, $1,936 per month, and a 3-bedroom home is $2,235 per month.
The average rent in Excelsior is 6.8% ($122) higher than the national average of $1,799 per month.
The average rent in Excelsior has increased by 0.6% ($12) in the last month and increased by 70.0% ($791) 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 10 rental properties available in Excelsior, MN.
Based on the current averages, a household would need an annual income of $77,440 to comfortably afford a 2-bedroom home in Excelsior.
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