Excelsior Shores
322 Lake St,
Excelsior, MN 55331
Studio - 1 Bed | $1,595 - $2,595
Rental Market Trends in Shorewood, MN
What is the average rent in Shorewood, MN?
$1,207/month
Average Rent
675 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of February 2025, the average rent in Shorewood, MN is $1,207 per month. This is 22% lower than the national average rent of $1,555/month, making renting in Shorewood more affordable than most cities in the US. When you rent an apartment in Shorewood, you can expect to pay about per month for a studio, $1,207 for a one-bedroom apartment, and around $1,339 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Shorewood, MN?
In the past year, rent has increased by 1%, which averages out to $12 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Shorewood, MN
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
100%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Shorewood, MN?
Because the average rent in Shorewood is $1,207, you’ll want to make about $4,023 per month or $48,276 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Shorewood, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Shorewood, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.