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Studio Apartment for Rent in Chanhassen, MN

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    Starting at $1,495

    Total Monthly Price

    • Studio - 3 Beds

    541 W 78th St, Chanhassen, MN 55317

    LIMITED TIME OFFER: Receive a FREE underground parking spot and FREE storage locker for the duration of your lease when you apply within 48 hours of tour. Must move in by 8.15.26. Water and trash included in rent. Don't miss out- This offer is subject to change or termination at any time. Welcome home! The Venue offers luxury living in the heart of Chanhassen within walking distance of

    Venue on 78th

    541 W 78th St, Chanhassen, MN 55317

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 $2,232 per month, though prices vary by neighborhood, size, and property type. As of July 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 $89,280 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 $2,232 per month in Chanhassen, MN, renters typically need to show $6,696 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 20.2, 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

Number of Homes for Rent
1
Median Rent
$2,232
Median Single Family Home Rent
$3,325
Median Townhouse Rent
$2,000
Median Condo Rent
$1,625
How to Rent a Home