Most Affordable Neighborhoods in Saint Louis Park, MN
Some of the cheapest neighborhoods in Saint Louis Park are Aquila, Sunset Gables, and Meadowbrook. These neighborhoods offer some of the lowest rent prices in Saint Louis Park, making them ideal for renters on a budget. As of August 3, 2025, the average rent in Saint Louis Park is $1,514, which is 2.6% 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
$1,424/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
35/100
Units Available
58 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
$1,426/Month
TransitScore® Rating
37/100
Units Available
38 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 $1,426, while the city’s average stands at $1,514. Sunset Gables is near Nicollet Mall Station, Brownie Lake, and Cedar Lake Park.
Meadowbrook
Average Rent
$1,559/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
35/100
Units Available
32 Rentals
Meadowbrook is a top choice for budget-conscious renters for a variety of reasons. The average rent in Meadowbrook is $1,559 while the city average is $1,514. This is a 2.2% difference from last year. Residents enjoy convenient access to Pershing Field Park, Westwood Hills Nature Center, and North Central University. The neighborhood is considered somewhat walkable with a WalkScore® of 50.
Minikahda Terrace
Average Rent
$1,646/Month
TransitScore® Rating
41/100
Units Available
25 Rentals
When you’re looking for a great Saint Louis Park neighborhood on a budget, check out Minikahda Terrace. The average rent is $1,646, compared to the city average of $1,514. Minikahda Terrace is convenient to Target Field Station Platform 2, Miracle Mile Shopping Center, and Target Field Station. The community is somewhat walkable with a WalkScore® of 67.
Texa-Tonka
Average Rent
$1,657/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
35/100
Units Available
12 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
$1,687/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
34/100
Units Available
24 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
$1,733/Month
TransitScore® Rating
41/100
Units Available
31 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.
Triangle
Average Rent
$1,794/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
37/100
Units Available
95 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.
Shelard Park
Average Rent
$1,854/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
24/100
Units Available
16 Rentals
Shelard Park is an affordable neighborhood in Saint Louis Park with an average rent price of $1,854. Compare this to the city average of $1,514. In the past year, rent prices have increased by 2%. Shelard Park provides easy access to Westridge Market, Waterford Park Plaza, and East Medicine Lake Park. It’s a somewhat walkable neighborhood with a WalkScore® of 50.
Elmwood
Average Rent
$1,864/Month
Year-Over-Year Rent Change
4.4%
TransitScore® Rating
36/100
Units Available
66 Rentals
If you’re looking for a great, affordable neighborhood in Saint Louis Park, Elmwood might be the perfect place! It has an average rent price of $1,864, while the city’s average stands at $1,514. In the last year, prices have increased by 4.4%. Elmwood is near Target Field Station Platform 2, Miracle Mile Shopping Center, and University of St. Thomas.
Ready to make your move to Saint Louis Park? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.