Cheapest Neighborhoods in Saint Louis Park, MN
Some of the cheapest neighborhoods in Saint Louis Park are Meadowbrook, Aquila, and Texa-Tonka. These neighborhoods offer some of the lowest rent prices in Saint Louis Park, making them ideal for renters on a budget. As of September 16, 2026, the average rent in Saint Louis Park is $1,531, 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
$1,192/Month
Year-Over-Year Rent Change
1.6%
Units Available
27 Rentals
When you’re looking for a great Saint Louis Park neighborhood on a budget, check out Meadowbrook. The average rent is $1,192, compared to the city average of $1,531. Rent prices have increased by 1.6%. Meadowbrook is convenient to Pershing Field Park, Meloday Lake Park, and Glen Lake Shopping Center.
Aquila
Average Rent
$1,417/Month
Year-Over-Year Rent Change
2%
Units Available
71 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.
Texa-Tonka
Average Rent
$1,526/Month
Year-Over-Year Rent Change
1.7%
Units Available
27 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.
Sorensen
Average Rent
$1,550/Month
Year-Over-Year Rent Change
2.1%
Units Available
17 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
$1,588/Month
Year-Over-Year Rent Change
3.6%
Units Available
34 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
$1,649/Month
Year-Over-Year Rent Change
2.8%
Units Available
30 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
$1,691/Month
Year-Over-Year Rent Change
0.3%
Units Available
20 Rentals
Shelard Park is an affordable neighborhood in Saint Louis Park with an average rent price of $1,691. Compare this to the city average of $1,531. In the past year, rent prices have decreased by 0.3%. Shelard Park provides easy access to Target Field Station, Target Field Station Platform 2, and North Central University.
South Oak Hill
Average Rent
$1,741/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Saint Louis Park, South Oak Hill might be the perfect place! It has an average rent price of $1,741, while the city’s average stands at $1,531. South Oak Hill is near 8500-8530 Highway 7, Meloday Lake Park, and Linden Hills Park.
Elmwood
Average Rent
$1,766/Month
Year-Over-Year Rent Change
3.6%
Units Available
50 Rentals
Elmwood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Elmwood is $1,766 while the city average is $1,531. This is a 3.6% difference from last year. Residents enjoy convenient access to Cedar Lake Park, Linden Hills Park, and Miracle Mile Shopping Center.
Triangle
Average Rent
$1,822/Month
Year-Over-Year Rent Change
0.3%
Units Available
200 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.
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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.