Rentometer, Inc. | Data as of 12/04/2025
Savage, Minnesota offers a balanced rental market that caters to a wide variety of renters, from young professionals seeking a compact studio to families looking for spacious multi‑bedroom homes. Apartment options dominate the market, with studios generally renting in the $1400s and one‑bedroom units comfortably positioned in the $1300‑$1400 range. Larger apartments, such as two‑ and three‑bedroom layouts, see average rents climbing into the $1700s and $2100‑$2300 brackets respectively, reflecting the city’s blend of modern amenities and close‑in community feel.
For those preferring a house, Savage presents attractive choices, especially for larger households. Three‑bedroom homes typically fall within the $2200‑$2400 range, while expansive four‑plus bedroom properties command rents in the $2800 range. These homes often feature generous yard space and easy access to the city’s family‑friendly neighborhoods, making them ideal for growing families and renters seeking a suburban lifestyle while remaining within commuting distance of the Twin Cities.
Beyond housing, Savage’s appeal lies in its scenic waterfront along the Minnesota River, the popular Savage Riverfront Park, and a network of trails that connect residents to nearby recreational areas like Lake Marion. Conveniently located near I‑35W, the city provides quick access to downtown Minneapolis and St. Paul, excellent schools, and a vibrant local dining scene. Whether you’re looking for a cozy studio or a spacious family home, Savage’s rental market offers diverse options that combine affordability, convenience, and quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,412 | $1,386 | $1,300 - $1,578 | $1,385 - $1,578 |
| Apartment | 1 Bedroom | $1,333 | $1,337 | $1,075 - $1,580 | $1,121 - $1,555 |
| Apartment | 2 Bedroom | $1,711 | $1,650 | $1,125 - $2,165 | $1,491 - $2,026 |
| Apartment | 3 Bedroom | $2,102 | $2,121 | $1,594 - $2,560 | $1,820 - $2,492 |
| House | 3 Bedroom | $2,259 | $2,392 | $1,350 - $2,915 | $2,150 - $2,495 |
| House | 4+ Bedroom | $2,836 | $2,795 | $2,249 - $3,556 | $2,595 - $3,200 |
In the current period, the average rent in Savage was $1,413 for Studio, $1,334 for 1 Bedroom, $1,731 for 2 Bedroom, $2,207 for 3 Bedroom, and $2,795 for 4+ Bedroom.
Data provided by Rentometer, Inc.