Most Affordable Neighborhoods in Saint Louis Park, MN
Some of the cheapest neighborhoods in Saint Louis Park are Meadowbrook, Aquila, and Fern Hill. These neighborhoods offer some of the lowest rent prices in Saint Louis Park, making them ideal for renters on a budget. As of March 9, 2025, the average rent in Saint Louis Park is $1,497, which is 2% 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
$1,331/Month
Year-Over-Year Rent Change
5.8%
TransitScore® Rating
35/100
Units Available
36 Rentals
Meadowbrook is an affordable neighborhood in Saint Louis Park with an average rent price of $1,331. Compare this to the city average of $1,497. In the past year, rent prices have increased by 5.8%. Meadowbrook provides easy access to Knollwood Village, Augsburg College, and North Central University. It’s a somewhat walkable neighborhood with a WalkScore® of 50.
Aquila
Average Rent
$1,410/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
35/100
Units Available
62 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.
Fern Hill
Average Rent
$1,490/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
36/100
Units Available
37 Rentals
Fern Hill is a picturesque neighborhood offering charming homes and proximity to Lake of the Isles, Bde Maka Ska, and Cedar Lake. Renters will enjoy the neighborhood’s quiet, residential streets while being just minutes from the energetic Uptown area.
Minikahda Vista
Average Rent
$1,561/Month
TransitScore® Rating
41/100
Units Available
33 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.
South Oak Hill
Average Rent
$1,710/Month
TransitScore® Rating
35/100
Units Available
18 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 $1,710, while the city’s average stands at $1,497. South Oak Hill is near The Works, Shoppes at Knollwood, and Meloday Lake Park.
Sorensen
Average Rent
$1,714/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
33/100
Units Available
6 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.
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.
Cobblecrest
Average Rent
$1,761/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.
Triangle
Average Rent
$1,828/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
37/100
Units Available
91 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
$1,850/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
36/100
Units Available
56 Rentals
Elmwood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Elmwood is $1,850 while the city average is $1,497. This is a 2.8% difference from last year. Residents enjoy convenient access to Pershing Field Park, Minneapolis College, and Minneapolis-St Paul International/Wold-Chamberlain. The neighborhood is considered somewhat walkable with a WalkScore® of 68.
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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.