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Explore Similar Homes Within 2 Miles of Chanhassen, MN

  • /52

    Starting at $1,590

    Total Monthly Price

    • Studio - 3 Beds

    3 Oakridge Dr, Chaska, MN 55318

    Springs at McKnight Lake is a gated, garden-style apartment community in Chaska, Minnesota, in the Minneapolis/St. Paul metro area. Residents enjoy private entry living with an in-home washer/dryer, a private balcony or patio, and a professional onsite team. Springs at McKnight Lake offers studio, one, two, and three bedroom floor plans. Pricing varies by floor plan, lease length, and

    Springs at McKnight Lake

    (952) 900-3970

    3 Oakridge Dr, Chaska, MN 55318
  • /35

    Starting at $1,403

    Total Monthly Price

    • Studio - 2 Beds

    3000 N Chestnut St, Chaska, MN 55318

    Non-Optional FeesApplication fee: $50/adultNon-refundable administrative fee: Management charges a $150, non-refundable, administrative fee that is related to our internal and administrative costs for the establishment of a resident file, and preparation of initial lease paperwork and related addendums. This administrative fee must be paid, in addition to the payment of month's rent, any prorated

    Lake Jonathan Flats

    (952) 314-7423

    3000 N Chestnut St, Chaska, MN 55318
  • /35

    Starting at $1,350

    Total Monthly Price

    • Studio - 2 Beds

    129 Holmes St S, Shakopee, MN 55379

    Located in the heart of downtown Shakopee, the vibrant community offers a serene and convenient location with opportunities to explore nearby parks, trails, shops and eateries, with connectivity to all the Twin Cities Metro has to offer.The art-deco inspired building includes plenty of active and leisure activities. Enjoy a complimentary cup of coffee at the lobby espresso bar, gather with

    The DECO

    (612) 662-4813

    129 Holmes St S, Shakopee, MN 55379

Why Live in Chanhassen

Chanhassen, Minnesota, named Money magazine’s best place to live in the U.S. in 2021, offers a suburban lifestyle with a rich musical heritage and lakefront living. Located 16 miles from downtown Minneapolis, residents enjoy easy access to U.S. Interstate 495 and public transit options, including a forthcoming light rail system. The community is home to Paisley Park, the iconic studio and museum dedicated to the late musician Prince, attracting fans from around the globe. Chanhassen boasts five lakes, including Lake Susan and Lotus Lake, providing opportunities for boating, fishing, and sunbathing. Outdoor attractions include hiking at Edenbrook Conservation Area and performances at Chanhassen Dinner Theatres. Housing options range from single-family Colonial Revivals and New Traditionals to townhouses and condos, with new construction available in areas like The Park. Shopping along West 78th Street includes department stores and local boutiques, while dining options feature Kai’s Sushi, Tequila Butcher, and Med Box Grill. Students attend highly rated schools such as Chanhassen Elementary, Pioneer Ridge Middle, and Chanhassen High School, with private options like Chapel Hill Academy and St. Hubert Catholic School also available. Healthcare needs are met by Park Nicollet Urgent Care Chanhassen, and Minneapolis–Saint Paul International Airport is 19 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Chanhassen, MN?
The median rent for a home in Chanhassen, MN is $2,897 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Chanhassen, MN?
To comfortably afford the median rent in Chanhassen, MN, a household needs to earn roughly $115,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,897 per month in Chanhassen, MN, renters typically need to show $8,691 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Chanhassen, MN?
In Chanhassen, MN, the price-to-rent ratio is 15.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Chanhassen, MN

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$2,897
Median Single Family Home Rent
$3,122
Median Townhouse Rent
$2,223
Median Condo Rent
$1,725
How to Rent a Home