Rentometer, Inc. | Data as of 12/04/2025
Excelsior, Minnesota, offers a vibrant city atmosphere blended with the natural beauty of Lake Minnetonka, making it a desirable destination for renters seeking both convenience and recreation. The local rental market is anchored by a variety of modern apartment communities, many of which provide easy access to downtown shops, cafés, and the historic Excelsior Village. Residents enjoy strolling along the picturesque lakefront, exploring boutique stores, and taking advantage of nearby parks and trails that highlight the area's outdoor lifestyle. With its strong community feel and proximity to Minneapolis, Excelsior continues to attract professionals, students, and families looking for an engaging urban setting within a short commute.
The apartment inventory in Excelsior is diverse, featuring a range of unit sizes that cater to different household needs. One‑bedroom rentals typically fall in the $1700s, offering comfortable living spaces ideal for individuals or couples. For those requiring more room, two‑bedroom apartments are priced around the $3500 range, providing spacious layouts suitable for small families or roommates. Beyond the apartments, the city’s well‑connected transit options, quality schools, and vibrant cultural scene—including local theaters and seasonal festivals—enhance the overall rental experience. Whether you’re drawn by lake‑side leisure, bustling downtown amenities, or easy access to the Twin Cities, Excelsior’s rental market presents a compelling blend of lifestyle and convenience.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,713 | $1,662 | $1,055 - $2,595 | $1,080 - $2,395 |
| Apartment | 2 Bedroom | $3,520 | $3,095 | $1,155 - $7,295 | $1,480 - $6,995 |
In the current period, the average rent in Excelsior was
$1,713 for 1 Bedroom, and
$3,521 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.