24

Studio Apartments for Rent in Shakopee, MN

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  • /60

    Starting at $1,260 Plus Fees

    • Studio - 3 Beds

    840 Shenandoah Dr, Shakopee, MN 55379

    Nestled within the lush Minnesota River Valley and with easy access to downtown Minneapolis and the entire metropolitan area, The Triple Crown Residences at Canterbury is a gated community redefining luxury in the southwest metro. Extensive grounds, sweeping skies, impeccably maintained gardens and a 19,000 square foot clubhouse with unparalleled amenities offer a living experience that lives up

    The Triple Crown Residences At Canterbury

    840 Shenandoah Dr, Shakopee, MN 55379
  • /102

    Starting at $1,368 Plus Fees

    • Studio - 2 Beds

    125 Scott St N, Shakopee, MN 55379

    Up to date with the standards of modern living, Shakopee Flats bridges the gap between nature and the city with a riverside location within walking distance from downtown. Since we can’t take credit for Mother Nature’s doing, we paired the incredible address with even more outstanding amenities. Witness the luxuries unfold in front of your eyes as you make your way through the studio, one and

    Shakopee Flats

    125 Scott St N, Shakopee, MN 55379
  • /35

    Starting at $1,667

    Total Monthly Price

    • Studio - 3 Beds

    1620 Lusitano St, Shakopee, MN 55379

    Centrally located near Tahpah Park in Shakopee, Minnesota, our pet-friendly studio, 1, 2, & 3 bedroom apartments offer inspiring interior design that matches your desire to live comfortably and well. Stylish finishes and relaxing perks speak to your need for modern convenience. A home here means you'll enjoy more ways to connect – with friends, with neighbors, and with the community right outside

    Arasan

    1620 Lusitano St, Shakopee, MN 55379
  • /35

    Starting at $1,403

    Total Monthly Price

    • Studio - 2 Beds

    129 Holmes St S, Shakopee, MN 55379

    Located in the heart of downtown Shakopee, the vibrant community offers a serene and convenient location with opportunities to explore nearby parks, trails, shops and eateries, with connectivity to all the Twin Cities Metro has to offer.The art-deco inspired building includes plenty of active and leisure activities. Enjoy a complimentary cup of coffee at the lobby espresso bar, gather with

    The DECO

    129 Holmes St S, Shakopee, MN 55379
  • /25

    Starting at $1,200

    Total Monthly Price

    • Studio - 3 Beds

    1245 Shakopee Ave E, Shakopee, MN 55379

    Welcome home! Huntington Park Apartments offers spacious studio, 1-, 2- and 3-bedroom apartment homes. Enjoy private patios and balconies, the landscaped courtyard, community room, and the picnic and grilling areas. We have controlled entries, professional on-site management and maintenance. Fiber-optic internet service is available! Rent includes heat, water and trash. Visit today and see why

    Huntington Park

    1245 Shakopee Ave E, Shakopee, MN 55379

Why Live in Shakopee

Shakopee, Minnesota, is a lively city along the Minnesota River that’s known for its entertainment venues and proximity to the Twin Cities. The housing market has a mix of Victorian-era homes and newer construction, with prices generally lower than nearby Prior Lake. The city draws in tourists with attractions like Canterbury Park, Mystic Lake Casino Hotel and Valleyfair. The historic downtown area offers a charming atmosphere, with a variety of dining options like O’Brien’s Public House, and hosts events such as the Tap Brew Fest. Shakopee is also home to the Minnesota Renaissance Festival, one of the largest Renaissance fairs in the country, attracting hundreds of thousands of attendees annually. Families send their kids to highly rated Shakopee Public Schools. Many people commute the 25 miles to Minneapolis, and downtown Saint Paul is 30 miles away. Shakopee’s park system includes popular spots like Lions Park and Huber Park, offering amenities such as playgrounds, disc golf, and walking trails.

Frequently Asked Questions

How much does it cost to rent a home in Shakopee, MN?
The median rent for a home in Shakopee, MN is $2,300 per month, though prices vary by neighborhood, size, and property type. As of August 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 Shakopee, MN?
To comfortably afford the median rent in Shakopee, MN, a household needs to earn roughly $92,000 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 $2,300 per month in Shakopee, MN, renters typically need to show $6,900 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 Shakopee, MN?
In Shakopee, MN, the price-to-rent ratio is 17.6, 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

Number of Homes for Rent
5
Median Rent
$2,300
Median Single Family Home Rent
$2,445
Median Townhouse Rent
$2,425
Median Condo Rent
$1,375
How to Rent a Home