Rentometer, Inc. | Data as of 10/22/2025
St. Peter offers a vibrant rental market that blends small‑city charm with the energy of a college town. Home to Gustavus Adolphus College and a historic downtown district, the city attracts students, professionals, and families seeking a walkable community near the Pearl River. Popular neighborhoods such as River Oaks and the downtown core feature tree‑lined streets, easy access to boutique shops, cafés, and cultural venues like the St. Peter Players theatre. The mix of historic architecture and newer developments provides a diverse array of apartment options, from cozy studios to spacious two‑bedroom units, making it an appealing destination for renters of all lifestyles.
Apartment rentals in St. Peter are competitively priced, with average rents in the low $1100s for one‑bedroom units and mid $1400s for two‑bedroom homes. Median rates sit slightly above these averages, reflecting strong demand from the college community and local workforce. Prospective tenants appreciate the range of amenities available across the market, including modern fitness centers, pet‑friendly policies, and proximity to outdoor recreation along the Minnesota River. With convenient commuting routes to the Twin Cities and a welcoming, community‑focused atmosphere, St. Peter remains a sought‑after location for renters looking for quality housing in a thriving Minnesota city.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,135 | $1,037 | $840 - $1,895 | $950 - $1,250 |
| Apartment | 2 Bedroom | $1,428 | $1,462 | $955 - $2,125 | $1,200 - $1,575 |
In the current period, the average rent in St. Peter was
$1,136 for 1 Bedroom, and
$1,429 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.