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 March 21, 2025, the average rent in Saint Louis Park is $1,494, which is 1.1% 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
$1,412/Month
Year-Over-Year Rent Change
0.3%
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.
Meadowbrook
Average Rent
$1,436/Month
Year-Over-Year Rent Change
6%
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 $1,436 while the city average is $1,494. This is a 6% difference from last year. Residents enjoy convenient access to University of St. Thomas, Linden Hills Park, and Warehouse District/Hennepin Avenue Station. The neighborhood is considered somewhat walkable with a WalkScore® of 50.
Minikahda Vista
Average Rent
$1,595/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.
Sorensen
Average Rent
$1,717/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
33/100
Units Available
10 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.
South Oak Hill
Average Rent
$1,727/Month
TransitScore® Rating
35/100
Units Available
17 Rentals
When you’re looking for a great Saint Louis Park neighborhood on a budget, check out South Oak Hill. The average rent is $1,727, compared to the city average of $1,494. South Oak Hill is convenient to Minneapolis College, Target Field Station Platform 2, and Nicollet Mall Station. The community is somewhat walkable with a WalkScore® of 65.
Cobblecrest
Average Rent
$1,749/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
34/100
Units Available
19 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.
Texa-Tonka
Average Rent
$1,753/Month
Year-Over-Year Rent Change
3.9%
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.
Triangle
Average Rent
$1,842/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
37/100
Units Available
93 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.
Elmwood
Average Rent
$1,852/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
36/100
Units Available
70 Rentals
Elmwood is an affordable neighborhood in Saint Louis Park with an average rent price of $1,852. Compare this to the city average of $1,494. In the past year, rent prices have increased by 2.6%. Elmwood provides easy access to Pershing Field Park, Minneapolis-St Paul International/Wold-Chamberlain, and Excelsior & Grand. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
Eliot
Average Rent
$1,887/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
29/100
Units Available
32 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.
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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.