15

Newest Homes for Rent in Excelsior, MN

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  • /35

    Starting at $1,075 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
  • /35

    Starting at $1,200 Plus Fees

    • 1 - 2 Beds

    840-846 3rd Ave, Excelsior, MN 55331

    Bay Pointe Apartments- Contact Barb at BayPointeApts@MMI- or . We look forward to helping you find your new home! - Bay Pointe Apartments has the comfort of an apartment home and the advantages of a lovely, suburban lakes community. Enjoy a barbeque in the courtyard or take time to relax on your private balcony.We are conveniently located within walking distance to Lake Minnetonka and

    Bay Pointe Apartments

    840-846 3rd Ave, 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
  • /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
  • /15

    Starting at $1,575 Plus Fees

    • 1 Bed

    246 Morse Ave, Excelsior, MN 55331

    An incredible property! The combination of a beautifully renovated building and its prime location in Excelsior Village makes it highly desirable. Being just a couple of blocks away from downtown Excelsior, Lake Minnetonka, and Excelsior beach must offer a delightful lifestyle with easy access to shopping, dining, and outdoor activities.The attention to detail in the renovation, from custom

    Morse Manor

    246 Morse Ave, Excelsior, MN 55331
  • /55

    $3,495

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 2,380 Sq Ft
    • House for Rent

    119 Pleasant Ln E, Excelsior, MN 55331

    Whether you are looking for a peaceful sanctuary to unwind or a vibrant hub close to the action, this property offers the absolute best of the Lake Minnetonka lifestyle. Property Highlights Premium Location: Nestled on a quiet, low-traffic lane in Tonka Bay, offering a serene escape that is just a quick, scenic bike ride or a short walk away from the heart of vibrant downtown

    119 Pleasant Ln E, Excelsior, MN 55331
  • /67

    $7,550 Per Month

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

    11 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

    11 West Dr, Excelsior, MN 55331
  • /11

    $3,250 Per Month

    • 1 Bed
    • 1 Bath
    • 823 Sq Ft
    • Apartment for Rent

    224 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. We can’t wait to offer you a warm welcome when we open our doors in November of 2024. Our stylish modern homes were designed by widely-renowned Snow Kreilich Architects and our interiors tastefully finished by

    Svetlana Dahlgren Prudden & Company

    224 West Dr, Excelsior, MN 55331
  • /52

    $5,950 Per Month

    • 2 Beds
    • 2 Baths
    • 1,323 Sq Ft
    • Apartment for Rent

    108 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

    108 West Dr, Excelsior, MN 55331
  • /43

    Starting at $2,677

    Total Monthly Price

    • 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
  • /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

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 July 2026, single-family homes tend to be the most affordable option while condos 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 15.4, 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
11
Median Rent
$4,500
Median Single Family Home Rent
$4,400
Median Condo Rent
$4,500
How to Rent a Home