16

Studio Apartment for Rent in Victoria, MN

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    Starting at $1,658

    Total Monthly Price

    • Studio - 3 Beds

    1942 Stieger Lake Ln, Victoria, MN 55386

    Discover the future of lake view living at Olivine Apartments, Victoria's newest luxury community, NOW OPEN! Nestled near Steiger Lake, our thoughtfully designed residences offer modern comfort with breathtaking natural views. Experience the perfect harmony of peaceful lakeside tranquility and vibrant downtown Victoria energy, where upscale amenities meet the charm of small-town community.

    Olivine Apartments - Now Open!

    (952) 679-6888

    1942 Stieger Lake Ln, Victoria, MN 55386

Why Live in Victoria

Victoria, Minnesota, known as the "City of Lakes and Parks," is situated south of Lake Minnetonka and offers a small-town lifestyle with abundant outdoor recreation. The city boasts 12 lakes and the expansive 3,700-acre Carver Park Reserve, providing residents with ample opportunities for hiking, boating, and enjoying nature. Victoria is home to over 11,000 residents and features a mix of two-story traditional homes, new constructions, and lakeside properties. The local economy is supported by healthcare, construction, and education sectors. The city maintains 32 parks and over 400 acres of green space, including popular spots like Lions Park and Diethelm Park, which offer playgrounds, sports facilities, and an outdoor ice rink. Carver Park Reserve on the northside features 25 miles of hiking trails, a large off-leash dog park, and several lakes with boat launches and fishing piers. Victoria's downtown area includes locally owned shops and restaurants, such as Winchester & Rye, known for its wood-fired pizzas and craft beers. The city is part of the highly rated Eastern Carver County Public Schools, with most students attending Chanhassen High School. For healthcare, residents have access to Ridgeview Medical Center and Two Twelve Medical Center nearby. Victoria is connected to neighboring areas via Highways 5 and 7, with the Minneapolis–Saint Paul International Airport 25 miles away. The city is undergoing development with the Downtown West plan, which aims to add new apartments and greenspace by 2040.

Frequently Asked Questions

How much does it cost to rent a home in Victoria, MN?
The median rent for a home in Victoria, MN is $2,395 per month, though prices vary by neighborhood, size, and property type. As of June 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 Victoria, MN?
To comfortably afford the median rent in Victoria, MN, a household needs to earn roughly $95,800 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 $2,395 per month in Victoria, MN, renters typically need to show $7,185 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 Victoria, MN?
In Victoria, MN, the price-to-rent ratio is 19.1, 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 Victoria, MN are best for renting a home?
The best neighborhood for renting in Victoria, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Bloomington, Wolfe Park and Triangle, each with its own character and price range.

Rental Home Trends in Victoria, MN

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,395
Median Single Family Home Rent
$2,645
Median Townhouse Rent
$2,195
Median Condo Rent
$1,150
How to Rent a Home