Rentometer, Inc. | Data as of 10/22/2025
Excelsior, nestled on the western shore of LakeâŻMinnetonka, offers a charming blend of smallâtown character and vibrant waterfront lifestyle that appeals to professionals, families, and retirees alike. Its historic downtown boasts boutique shops, lively eateries, and seasonal events such as the popular Excelsior Summerfest. Outdoor enthusiasts enjoy easy access to the Chain of Lakes Regional Trail, numerous parks, and boating opportunities that make the city a yearâround destination. With excellent schools, convenient commuter routes to the Twin Cities, and a strong sense of community, Excelsior stands out as a soughtâafter location for those seeking both convenience and natural beauty in Minnesota.
The rental market in Excelsior reflects this desirability, featuring a mix of modern apartments and wellâmaintained older complexes. Oneâbedroom units typically rent in the $1700s, while twoâbedroom apartments approach the $3500 range, offering spacious living for small families or roommates. Residents benefit from close proximity to LakeâŻMinnetonkaâs shoreline, easy access to public transit, and a variety of amenitiesâincluding fitness centers, petâfriendly policies, and onâsite parking. Whether youâre drawn by the scenic lake views, the lively cultural scene, or the peaceful residential neighborhoods, Excelsiorâs rental options provide a comfortable and convenient base for enjoying everything this Minnesota city has to offer.
| 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.