Most Affordable Neighborhoods in Saint Louis Park, MN
Some of the cheapest neighborhoods in Saint Louis Park are Aquila, Meadowbrook, and Minikahda Vista. These neighborhoods offer some of the lowest rent prices in Saint Louis Park, making them ideal for renters on a budget. As of May 4, 2025, the average rent in Saint Louis Park is $1,511, which is 1.8% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Aquila
Average Rent
$1,376/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
35/100
Units Available
49 Rentals
From the shops and restaurants that line Highway 7 to the fun-filled Aquila Park just south of Minnetonka Boulevard, Aquila is a popular neighborhood with a little bit of everything. From the easy commute into Minneapolis to hiking the Cedar Lake Trail, this friendly neighborhood is ideally located to enjoy it all.
Meadowbrook
Average Rent
$1,383/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
35/100
Units Available
34 Rentals
If you’re looking for a great, affordable neighborhood in Saint Louis Park, Meadowbrook might be the perfect place! It has an average rent price of $1,383, while the city’s average stands at $1,511. In the last year, prices have increased by 2.4%. Meadowbrook is near The Works, Shoppes at Knollwood, and Minneapolis College.
Minikahda Vista
Average Rent
$1,589/Month
TransitScore® Rating
41/100
Units Available
37 Rentals
Minikahda Vista is a charming neighborhood known for its tree-lined streets and proximity to Lake Bde Maka Ska. Renters will enjoy easy access to local parks, shopping, and dining options along Excelsior Boulevard. The neighborhood offers a suburban feel with close proximity to Minneapolis.
Texa-Tonka
Average Rent
$1,673/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
35/100
Units Available
11 Rentals
Texa Tonka stretches along Louisiana Avenue between Cedar Lake Road and Minnetonka Boulevard. This largely residential neighborhood includes the popular Cedar Knoll Park, a dog-friendly park with picnic areas, a baseball field, a playground, and a dog park. Just outside of the neighborhood, residents will find a variety of shops and restaurants along Minnetonka Boulevard.
Cobblecrest
Average Rent
$1,736/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
34/100
Units Available
12 Rentals
Cobblecrest is a serene neighborhood known for its spacious homes and proximity to local parks and recreational facilities. Renters will enjoy the peaceful atmosphere and easy access to shopping and dining in nearby West End. The area is ideal for those seeking a quiet, suburban lifestyle with city conveniences.
Triangle
Average Rent
$1,836/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
37/100
Units Available
91 Rentals
Triangle offers a mix of residential and commercial spaces with easy access to parks and public transportation. Situated directly north of Bass Lake Park and west of Bde Maka Ska Lake, residents can enjoy an active outdoor lifestyle. A variety of shops and restaurants are located along Highway 7.
Eliot
Average Rent
$1,854/Month
TransitScore® Rating
29/100
Units Available
27 Rentals
Eliot is a quiet, residential neighborhood offering a variety of housing options, from single-family homes to apartments. Several parks are located in or near Eliot, including Eighteenth and Georgia Park, Cedar Knoll Park, and Dakota Dog Park. The neighborhood’s peaceful atmosphere is complemented by its easy access to major roadways.
South Oak Hill
Average Rent
$1,872/Month
TransitScore® Rating
35/100
Units Available
23 Rentals
South Oak Hill is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Oak Hill is $1,872 while the city average is $1,511. Residents enjoy convenient access to Meloday Lake Park, North Central University, and Minneapolis-St Paul International/Wold-Chamberlain. The neighborhood is considered somewhat walkable with a WalkScore® of 65.
Elmwood
Average Rent
$1,917/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
36/100
Units Available
81 Rentals
When you’re looking for a great Saint Louis Park neighborhood on a budget, check out Elmwood. The average rent is $1,917, compared to the city average of $1,511. Rent prices have increased by 4.8%. Elmwood is convenient to Nicollet Mall Station, Target Field Station, and Augsburg College. The community is somewhat walkable with a WalkScore® of 68.
Wolfe Park
Average Rent
$1,975/Month
Year-Over-Year Rent Change
4.4%
TransitScore® Rating
40/100
Units Available
245 Rentals
Wolfe Park is an affordable neighborhood in Saint Louis Park with an average rent price of $1,975. Compare this to the city average of $1,511. In the past year, rent prices have increased by 4.4%. Wolfe Park provides easy access to North Central University, Park Village, and Minneapolis College. It’s a walkable neighborhood with a WalkScore® of 73.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.