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Newest Homes for Rent in Excelsior, MN

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  • /46

    Starting at $2,151

    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

    (952) 314-6867

    322 Lake St, Excelsior, MN 55331
  • /35

    Starting at $1,175 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

    (612) 354-8035

    834 3rd Ave, Excelsior, MN 55331
  • /26

    Starting at $1,310 Plus Fees

    • 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

    (612) 354-8091

    840-846 3rd Ave, Excelsior, MN 55331
  • /12

    $1,400 Plus Fees

    • 2 Beds
    • 1 Bath
    • 620 Sq Ft
    • Condo for Rent

    317 2nd St Unit 7, Excelsior, MN 55331

    Property Id: 2361789Hello! Welcome to taking the first steps to living in this quaint apartment building in the heart of Excelsior. On the corner of Second & Center St. just a block up the road from the beautiful Lake Minnetonka, & the bustling main street with tons of shops, eateries, & events! Excelsior/Minnetonka is one of the highest rated school districts & this apartment is within

    (651) 964-1221

    317 2nd St Unit 7, Excelsior, MN 55331
  • /27

    $2,900 Per Month

    • 4 Beds
    • 3.5 Baths
    • 3,177 Sq Ft
    • Townhouse for Rent

    6743 Bluestem Way, Excelsior, MN 55331

    All three levels are finished in this large townhome that offers over 3000 finished square feet. The home offers 4 bedrooms plus a loft area. Shows similar to new construction.

    Dean Foerster Century 21 Atwood

    6743 Bluestem Way, 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

    (763) 230-0052

    246 Morse Ave, Excelsior, MN 55331
  • /60

    $8,950 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
  • /67

    $7,750 Per Month

    • 2 Beds
    • 2 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

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 $4,200 per month, though prices vary by neighborhood, size, and property type. As of May 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 $168,000 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 $4,200 per month in Excelsior, MN, renters typically need to show $12,600 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 16.6, 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 Excelsior, MN

Rental Home Trends

Number of Homes for Rent
8
Median Rent
$4,200
Median Single Family Home Rent
$4,200
Median Condo Rent
$1,400
How to Rent a Home