Rentometer, Inc. | Data as of 10/22/2025
Shakopee, Minnesota blends small‑town charm with easy access to the Twin Cities, making it a sought‑after destination for renters seeking both convenience and community. The city’s historic downtown along Riverfront Plaza offers a vibrant mix of boutique shops, local eateries, and cultural events, while nearby family‑friendly neighborhoods such as the River Hills and Sunbloom Estates provide quiet streets, well‑maintained parks, and top‑rated schools. Outdoor enthusiasts appreciate the proximity to the Mississippi River and the extensive trail network of the Great River Road, which adds to the appeal for those who enjoy an active lifestyle alongside their home base.
The rental market in Shakopee is diverse, featuring a healthy balance of apartments and single‑family homes. Apartment studios typically rent in the $1300s, with one‑bedroom units in the $1500s and two‑bedroom options around the $1900s; larger three‑bedroom apartments can approach the $2500 range. For house seekers, one‑bedroom homes are commonly found in the $1200s, while two‑bedroom homes sit near the $1900s, three‑bedroom houses around $2400, and spacious four‑plus bedroom homes often reach the $2900s. This variety supports a wide range of renters, from young professionals and graduate students to growing families and retirees looking for a peaceful retreat. With its mix of modern amenities, affordable price points, and an inviting community atmosphere, Shakopee remains a compelling choice for anyone exploring rental opportunities in the Twin Cities region.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,328 | $1,353 | $946 - $1,632 | $1,203 - $1,490 |
| Apartment | 1 Bedroom | $1,526 | $1,555 | $1,051 - $2,016 | $1,335 - $1,663 |
| Apartment | 2 Bedroom | $1,922 | $1,929 | $850 - $2,845 | $1,635 - $2,200 |
| Apartment | 3 Bedroom | $2,471 | $2,691 | $1,610 - $3,125 | $1,960 - $2,850 |
| House | 1 Bedroom | $1,261 | $1,215 | $1,170 - $1,400 | $1,170 - $1,400 |
| House | 2 Bedroom | $1,988 | $1,865 | $1,600 - $2,833 | $1,800 - $2,195 |
| House | 3 Bedroom | $2,403 | $2,395 | $1,795 - $3,495 | $1,995 - $2,495 |
| House | 4+ Bedroom | $2,942 | $2,895 | $2,250 - $4,995 | $2,656 - $3,050 |
In the current period, the average rent in Shakopee was $1,329 for Studio, $1,512 for 1 Bedroom, $1,933 for 2 Bedroom, $2,436 for 3 Bedroom, and $2,786 for 4+ Bedroom.
Data provided by Rentometer, Inc.