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Excelsior, MN Homes for Rent

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  • /50

    Starting at $1,727

    Total Monthly Price

    • Studio - 1 Bed

    322 Lake St, Excelsior, MN 55331

    Welcome to Excelsior Shores, a vibrant apartment community nestled in the heart of downtown Excelsior, MN, right across from the stunning Lake Minnetonka. Here, urban charm beautifully meets natural beauty, creating a truly refined living experience for our residents.Our thoughtfully designed apartments offer a perfect blend of style and comfort, featuring upscale finishes and modern

    Excelsior Shores

    322 Lake St, Excelsior, MN 55331
  • /15

    Starting at $1,595 Plus Fees

    • 1 Bed

    246 Morse Ave, Excelsior, MN 55331

    Live in the Heart of Excelsior — Just Blocks from Lake MinnetonkaMorse Manor offers beautifully renovated apartments in one of Excelsior's most desirable locations. Located just two blocks from Lake Minnetonka and a short walk from historic downtown Excelsior, residents can easily enjoy Water Street restaurants, coffee shops, boutiques, Excelsior Commons, the beach, parks and everything

    Morse Manor

    246 Morse Ave, Excelsior, MN 55331
  • /35

    Starting at $1,125 Plus Fees

    • 1 - 2 Beds

    834 3rd Ave, Excelsior, MN 55331

    2 blocks to Hwy 7...large rooms/closets...woodland setting...near Lake Minnetonka Christmas Lake Manor offer large studio, one and two bedroom apartment homes in a quiet, well cared for community. We have spacious patios and balconies, additional storage, laundry facilities on each floor, and garages available. Experience laketown living at the best in historic Excelsior. There are beautiful

    Christmas Lake Manor Apartments

    834 3rd Ave, Excelsior, MN 55331
  • /18

    Starting at $1,950 Plus Fees

    • Studio - 2 Beds

    1 West Dr, Excelsior, MN 55331

    Nestled in the bustling historic lake town of Excelsior on the shores of storied Lake Minnetonka, One West Drive places you in the heart of lakeside adventures, charming shops, award-winning dining, and tranquil public spaces - all complemented by amenities designed for your comfort and convenience.

    One West Drive

    1 West Dr, Excelsior, MN 55331
  • /13

    $1,200 Plus Fees

    • Studio
    • 1 Bath
    • Condo for Rent

    317 2nd St Unit 2, Excelsior, MN 55331

    Property Id: 2361796 This is a very cute studio apartment in the lovely town of Excelsior where some of the best events in the area are held. Just a block off main st (Water St) where there is a plethora of retail shops, restaurants, coffee shops, bars etc. Your private entry door faces 2nd street, you have views towards the lake through your bedroom and bathroom windows, and views of the

    317 2nd St Unit 2, Excelsior, MN 55331
  • /12

    $2,100 Plus Fees

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    317 2nd St Unit 1, Excelsior, MN 55331

    Property Id: 2361797 This could be a once in a lifetime opportunity! This three level apartment rarely changes tenants. Available October 1st, for the first time in years, is this lovely 2 bedroom apartment with a view of the lake and a private fenced in patio. It also has a stunning red brick, wood burning, fireplace original to the building. It has been re-painted since these pictures were

    317 2nd St Unit 1, Excelsior, MN 55331
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    $2,150

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    444 Lake St Unit 2, Excelsior, MN 55331

    444 Lake St Unit 2, Excelsior, MN 55331
  • /69

    $4,500 Per Month

    • 3 Beds
    • 3 Baths
    • 1,651 Sq Ft
    • Apartment for Rent

    603 Lake St Unit 115, Excelsior, MN 55331

    Fully Furnished Minnetonka Lake Front Living! Excelsior Bay as your front yard... Newly Remodeled Executive All-InclusiveFully Furnished One-Level, Elevator Building Lakefront Rental. Very unique living opportunity in upscale Excelsior Gablescommunity. Unparalleled spectacular views from this very nicely appointed 2+ BR condo including unique private annex ensuite bedroom, outside private

    Stephane Cattelin Coldwell Banker Realty - Lakes

    603 Lake St Unit 115, Excelsior, MN 55331
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    $2,625

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 1,100 Sq Ft
    • Condo for Rent

    603 Lake St Unit 107, Excelsior, MN 55331

    Discover the comfort and convenience of Excelsior Bay Gables. Offering approximately 1,100 square feet of thoughtfully designed living space, this spacious main-level apartment features one large bedroom, one bathroom and a generous living room. A dedicated main-floor laundry room adds everyday convenience and extra storage.Beyond your front door, enjoy an exceptional selection of

    603 Lake St Unit 107, Excelsior, MN 55331
  • /60

    $8,750 Per Month

    • 2 Beds
    • 2.5 Baths
    • 2,131 Sq Ft
    • Apartment for Rent

    2 West Dr, Excelsior, MN 55331

    Located in the charming city of Excelsior, One West Drive is a boutique apartment community that offers unique custom-designed floor plans that range in size from 430sqft. to 2743sqft. Our stylish modern homes were designed by widely-renowned Snow Kreilich Architects and our interiors tastefully finished by MartinPatrick3. Our 49 premier residences include Alcoves, 1-Bedrooms, 2-Bedrooms,

    Svetlana Dahlgren Prudden & Company

    2 West Dr, Excelsior, MN 55331
  • /34

    $8,000 Per Month

    • 2 Beds
    • 2 Baths
    • 1,252 Sq Ft
    • House for Rent

    55 W Point Ave, Excelsior, MN 55331

    Welcome to 55 West Point Avenue, a wonderful opportunity to enjoy the quintessential Lake Minnetonka lifestyle in a highly desirable setting. This home offers comfortable living spaces with big lake views. There are large windows throughout, which bring in natural light, while the thoughtful layout provides ample flexibility. The outdoor spaces include a spacious blue stone patio, lakeside fire

    Mike Steadman Compass

    55 W Point Ave, Excelsior, MN 55331
  • /11

    $4,400 Per Month

    • 3 Beds
    • 3 Baths
    • 2,500 Sq Ft
    • Townhouse for Rent

    4471 Manitou Rd, Excelsior, MN 55331

    **House is finished inside. Updated current pictures to come soon++ Full new renovation by a local custom home builder! 2 Car Garage3 Bedroom3 BathLake views of Old Channel Bay and dock access. Dock access is included and is shared with current slip renters, an additional Boat lift/slip can be discussed as an addition. Located just off of Manitou Road down the hall from the Tonka Bay

    Cody Cook Bridge Realty, LLC

    4471 Manitou Rd, Excelsior, MN 55331
  • /62

    $7,550 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,928 Sq Ft
    • Apartment for Rent

    9 West Dr, Excelsior, MN 55331

    Located in the charming city of Excelsior, One West Drive is a boutique apartment community that offers unique custom-designed floor plans that range in size from 430sqft. to 2743sqft. Our stylish modern homes were designed by widely-renowned Snow Kreilich Architects and our interiors tastefully finished by MartinPatrick3. Our 49 premier residences include Alcoves, 1-Bedrooms, 2-Bedrooms,

    Svetlana Dahlgren Prudden & Company

    9 West Dr, Excelsior, MN 55331
  • /85

    $8,500 Per Month

    • 4 Beds
    • 3.5 Baths
    • 5,473 Sq Ft
    • House for Rent

    20650 Bayview Ct, Excelsior, MN 55331

    Stunning fully updated and Furnished home in the desirable Cottagewood neighborhood of Minnetonka, on almost 1 acre.Custom built deluxe rambler with large windows offering natural light, expansive high ceilings. Beautifulf kitchen worthy of a chef. Huge open family room and dining area. Primary bedroom offers sitting room, gorgeous marble baths. Basement offers a fitness room, theater area as

    Ryan Hannay Creative Housing Real Estate

    20650 Bayview Ct, Excelsior, MN 55331
  • /66

    $7,550 Per Month

    • 2 Beds
    • 2 Baths
    • 1,928 Sq Ft
    • Apartment for Rent

    7 West Dr, Excelsior, MN 55331

    Located in the charming city of Excelsior, One West Drive is a boutique apartment community that offers unique custom-designed floor plans that range in size from 430sqft. to 2743sqft. Our stylish modern homes were designed by widely-renowned Snow Kreilich Architects and our interiors tastefully finished by MartinPatrick3. Our 49 premier residences include Alcoves, 1-Bedrooms, 2-Bedrooms,

    Svetlana Dahlgren Prudden & Company

    7 West Dr, Excelsior, MN 55331
  • /94

    $7,500 Per Month

    • 5 Beds
    • 3 Baths
    • 3,090 Sq Ft
    • House for Rent

    26170 Birch Bluff Rd, Excelsior, MN 55331

    Executive furnished rental on Lake Minnetonka Available through 6/30/2027. Open floor plan with expansive stunning views of Lake Minnetonka. 3 bedrooms plus loft upstairs. Modern Kitchen and Bathrooms with elegant common spaces for entertaining. A beautiful deck and yard as well as a private dock. A must-see home!

    Ryan Hannay Creative Housing Real Estate

    26170 Birch Bluff Rd, Excelsior, MN 55331
  • /52

    $3,950 Per Month

    • 2 Beds
    • 2 Baths
    • 971 Sq Ft
    • Apartment for Rent

    262 West Dr, Excelsior, MN 55331

    Located in the charming city of Excelsior, One West Drive is a boutique apartment community that offers unique custom-designed floor plans that range in size from 430sqft. to 2743sqft. Our stylish modern homes were designed by widely-renowned Snow Kreilich Architects and our interiors tastefully finished by MartinPatrick3. Our 49 premier residences include Alcoves, 1-Bedrooms, 2-Bedrooms,

    Svetlana Dahlgren Prudden & Company

    262 West Dr, Excelsior, MN 55331

Why Live in Excelsior

Excelsior, Minnesota, is a small city on the shores of Lake Minnetonka that feels far away from Minneapolis, even though downtown is less than 20 miles away. Historic homes from the early 1900s, including Dutch Colonial and National Folk styles, share the streets with newer houses and townhomes that echo older architecture. The water shapes daily life here, with lakeside homes and year-round recreation. Cyclists, runners and walkers spend hours on the 9-mile-long Lake Minnetonka Regional Trail. Excelsior Commons overlooks the lake and has amenities like playgrounds, baseball fields and a bandshell for regular events. Swimmers head to public beach, while boaters dock at the Port of Excelsior with docks and excursion boats. Water Street anchors a walkable downtown, lined with historic buildings that house local shops, restaurants and cafes. There are plenty of community events, ranging from juried art festivals to the long-running Apple Days. Families are served by the highly rated Minnetonka Public School District, which includes Excelsior Elementary School.

Frequently Asked Questions

How much does it cost to rent a home in Excelsior, MN?
The median rent for a home in Excelsior, MN is $4,500 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Excelsior, MN?
To comfortably afford the median rent in Excelsior, MN, a household needs to earn roughly $180,000 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 $4,500 per month in Excelsior, MN, renters typically need to show $13,500 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 Excelsior, MN?
In Excelsior, MN, the price-to-rent ratio is 15.8, 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
17
Median Rent
$4,500
Median Single Family Home Rent
$4,500
Median Condo Rent
$2,150
How to Rent a Home