$975 Per Month
- 1 Bath
- 400 Sq Ft
- Apartment for Rent
488 Wabasha St N Unit 503, Saint Paul, MN 55102
488 Wabasha St N Unit 503, Saint Paul, MN 55102
Frequently Asked Questions
How much does it cost to rent a home in Saint Paul, MN?
The median rent for a home in Saint Paul, MN is $1,795 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 Saint Paul, MN?
To comfortably afford the median rent in Saint Paul, MN, a household needs to earn roughly $71,800 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 $1,795 per month in Saint Paul, MN, renters typically need to show $5,385 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 Saint Paul, MN?
In Saint Paul, MN, the price-to-rent ratio is 16.2, 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.
What neighborhoods in Saint Paul, MN are best for renting a home?
The best neighborhood for renting in Saint Paul, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown, Frogtown, Dayton's Bluff, Summit Hill and West Seventh, each with its own character and price range.
