Cheapest Neighborhoods in Saint Louis Park, MN
Some of the cheapest neighborhoods in Saint Louis Park are Meadowbrook, Aquila, and Sunset Gables. These neighborhoods offer some of the lowest rent prices in Saint Louis Park, making them ideal for renters on a budget. As of August 1, 2026, the average rent in Saint Louis Park is $1,535, which is 1.5% 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.
Meadowbrook
Average Rent
$1,220/Month
Year-Over-Year Rent Change
0.9%
Units Available
39 Rentals
Meadowbrook is an affordable neighborhood in Saint Louis Park with an average rent price of $1,220. Compare this to the city average of $1,535. In the past year, rent prices have increased by 0.9%. Meadowbrook provides easy access to Pershing Field Park, Meloday Lake Park, and Nicollet Mall Station.
Aquila
Average Rent
$1,422/Month
Year-Over-Year Rent Change
2.1%
Units Available
52 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.
Sunset Gables
Average Rent
$1,438/Month
Units Available
37 Rentals
If you’re looking for a great, affordable neighborhood in Saint Louis Park, Sunset Gables might be the perfect place! It has an average rent price of $1,438, while the city’s average stands at $1,535.
Sorensen
Average Rent
$1,491/Month
Year-Over-Year Rent Change
1.9%
Units Available
18 Rentals
Framed by highways 7 and 100, Sorensen provides an easy commute to nearby Minneapolis. This quiet, residential suburb features several parks, like Keystone Park and Webster Park. Several shops, restaurants, and other businesses are located along Walker Street.
Eliot
Average Rent
$1,502/Month
Year-Over-Year Rent Change
3.3%
Units Available
30 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.
Texa-Tonka
Average Rent
$1,632/Month
Year-Over-Year Rent Change
2.4%
Units Available
22 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.
South Oak Hill
Average Rent
$1,689/Month
Units Available
15 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 $1,689 while the city average is $1,535. Residents enjoy convenient access to North Central University, Target Field Station, and 8500-8530 Highway 7.
Shelard Park
Average Rent
$1,710/Month
Year-Over-Year Rent Change
3%
Units Available
28 Rentals
When you’re looking for a great Saint Louis Park neighborhood on a budget, check out Shelard Park. The average rent is $1,710, compared to the city average of $1,535. Rent prices have increased by 3%. Shelard Park is convenient to East Medicine Lake Park, University of St. Thomas, and Government Plaza Station.
Cobblecrest
Average Rent
$1,728/Month
Year-Over-Year Rent Change
0.3%
Units Available
28 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.
Minikahda Vista
Average Rent
$1,776/Month
Units Available
70 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.
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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.