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Studio Apartments for Rent in Shakopee, MN

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    Starting at $1,499 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

    (952) 314-9879

    840 Shenandoah Dr, Shakopee, MN 55379
  • /33

    Starting at $1,350

    Total Monthly Price

    • Studio - 3 Beds

    1600 Windermere Way, Shakopee, MN 55379

    NOW OPEN! | Welcome to The Blakeley, where upscale suburban living meets comfort and convenience in the heart of charming Shakopee, MN. Our prime location places you near local dining, entertainment, and all the energy of the Twin Cities—offering endless opportunities to explore. Each studio, 1, 2, and 3-bedroom apartment is thoughtfully designed with contemporary style and refined comfort. Enjoy

    The Blakeley

    (651) 432-5146

    1600 Windermere Way, Shakopee, MN 55379
  • /40

    Starting at $1,408 Plus Fees

    • Studio - 3 Beds

    1610 Emblem Way, Shakopee, MN 55379

    Experience life from a prime position at Elwood Apartment Homes. Our apartment community offers exceptional apartment living in a highly sought-after suburban setting. Near the vibrant energy of Canterbury Park, you'll find our community provides a tranquil escape infused with a subtle sense of exhilaration.Enjoy unparalleled connectivity with quick access to Highway 169, Interstate 35W, and

    Elwood Apartment Homes

    (224) 208-1153

    1610 Emblem Way, Shakopee, MN 55379
  • /35

    Starting at $1,505

    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

    (952) 479-5715

    1620 Lusitano St, Shakopee, MN 55379
  • /35

    Starting at $1,350

    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

    (612) 662-4813

    129 Holmes St S, Shakopee, MN 55379
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    Call for Price

    • Studio - 3 Beds

    1055 Spencer St S, Shakopee, MN 55379

    (952) 649-6319

    1055 Spencer St S, Shakopee, MN 55379
  • /27

    Starting at $1,120

    Total Monthly Price

    • Studio - 3 Beds

    1245 Shakopee Ave E, Shakopee, MN 55379

    Hurry in and don't miss out! Receive $100 off your monthly rent when you sign a 12-month+ lease. Must move in by 5.31.26. Heat, water, and trash included in rent. Offer subject to termination or change without notice. 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,

    Huntington Park

    (952) 204-7352

    1245 Shakopee Ave E, Shakopee, MN 55379

Why Live in Shakopee

Shakopee, Minnesota, is a vibrant city with major attractions like the Mystic Lake Casino Hotel along with miles of trails and green space. Shakopee's population has grown rapidly, nearing 42,000, partly due to investments from Fortune 500 companies like Amazon. The city boasts an A-rated school district, including Shakopee High School, which offers internships through the Minnesota Center for Advanced Professional Studies. Housing options are diverse, with many homes built post-2000 featuring traditional architectural styles, large yards, and multi-car garages. Shakopee offers numerous attractions, including 35 community parks, 1,100 acres of green space, and over 100 miles of trails. Lions Park and Huber Park are popular spots, while the Shakopee Community Center provides various recreational facilities. The city also hosts the Stonebrooke Golf Club and the Hocokata Ti cultural center. Entertainment venues like Canterbury Park and Valleyfair amusement park draw visitors year-round. Shakopee's historic downtown features long-standing shops and a burgeoning restaurant scene. The city is redeveloping the Minnesota Riverfront, adding amenities and honoring its Native American history. Residents benefit from convenient commutes via U.S. Route 169 and public transportation provided by the Minnesota Valley Transit Authority. Shakopee experiences lower crime rates compared to Minneapolis, making it a safer option for families.

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 $2,269 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 and townhouses 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 $90,760 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 $2,269 per month in Shakopee, MN, renters typically need to show $6,807 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 17.4, 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.
What neighborhoods in Shakopee, MN are best for renting a home?
The best neighborhood for renting in Shakopee, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Bloomington and South Loop, each with its own character and price range.

Rental Home Trends in Shakopee, MN

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$2,269
Median Single Family Home Rent
$2,450
Median Townhouse Rent
$2,500
Median Condo Rent
$1,400
How to Rent a Home