Best Affordable 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 December 17, 2025, the average rent in Saint Louis Park is $1,502, which is 2.5% 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
$1,189/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
35/100
Units Available
34 Rentals
Meadowbrook is a top choice for budget-conscious renters for a variety of reasons. The average rent in Meadowbrook is $1,189 while the city average is $1,502. This is a 1.4% difference from last year. Residents enjoy convenient access to Meloday Lake Park, Knollwood Village, and University of St. Thomas. The neighborhood is considered somewhat walkable with a WalkScore® of 50.
Aquila
Average Rent
$1,235/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
35/100
Units Available
28 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
$1,310/Month
TransitScore® Rating
37/100
Units Available
42 Rentals
When you’re looking for a great Saint Louis Park neighborhood on a budget, check out Sunset Gables. The average rent is $1,310, compared to the city average of $1,502. Sunset Gables is convenient to Minneapolis College, Minneapolis-St Paul International/Wold-Chamberlain, and Greenway Lakes Commons. The community is walkable with a WalkScore® of 80.
Sorensen
Average Rent
$1,480/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
33/100
Units Available
24 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.
Triangle
Average Rent
$1,485/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
37/100
Units Available
87 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.
Minikahda Terrace
Average Rent
$1,576/Month
TransitScore® Rating
41/100
Units Available
26 Rentals
Minikahda Terrace is an affordable neighborhood in Saint Louis Park with an average rent price of $1,576. Compare this to the city average of $1,502. Minikahda Terrace provides easy access to Cedar Lake Park, Cedar Commons, and Nicollet Mall Station. It’s a somewhat walkable neighborhood with a WalkScore® of 67.
Eliot
Average Rent
$1,674/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
29/100
Units Available
36 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.
Cobblecrest
Average Rent
$1,705/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
34/100
Units Available
13 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.
Shelard Park
Average Rent
$1,774/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
24/100
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Saint Louis Park, Shelard Park might be the perfect place! It has an average rent price of $1,774, while the city’s average stands at $1,502. In the last year, prices have increased by 5%. Shelard Park is near West Medicine Lake Park, North Central University, and Warehouse District/Hennepin Avenue Station.
Minikahda Vista
Average Rent
$1,787/Month
TransitScore® Rating
41/100
Units Available
47 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.