
Cheap Apartments for Rent in Shakopee, MN from $974 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Shakopee.


Arbor Landing Apartments

Legacy Central 55+ Senior Apartments

River City Centre Senior Apartments 55+

Hunters Ridge

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Huntington Park

Northridge Court-55+ Senior Housing

438 3rd Ave E

Shakopee Flats

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Avana Addison
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

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The Blakeley

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The DECO

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White Pines Apartments

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Arlington Ridge Apartments

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Riva Ridge Apartments

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609 Market St S, Unit 1

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The Sixton

OMRY at Canterbury

Elwood Apartment Homes

TRIO @ southbridge
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Arasan

7458 Derby Ln

1055 Spencer St S

1013 Newport Ave

2232 Affirmed Dr

2015 Brittany Ct

2016 Parkway Ave

Huntington Park Apartments

Shakopee Village Apartments

Garden Lane Apartments
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.

Sarazin Flats

609 Market St S

The Willows

Boulder Ridge Townhomes

4024 Blakewood Dr

1269 Taylor St

1035 Bluff Ave E

316 Shawnee Trail

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Jeffers Waterfront Apartments

7601 W 101st St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Olympic Ridge Apartments

13073 Crimson clover ln

9105 Klondike Ct

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Bristol Village Apartments

McKenna Crossing (Senior 65+)

Town Square Place

Zen Chaska

Lake Ridge Apartments

14534 Lockslie Trail

1602 Geske Rd
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Shakopee, MN Local Guide

How much does it cost to rent an apartment in Shakopee?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Shakopee Studio Apartments | $1,497 | $974 | $1,839 |
| Cheap Shakopee 1 Bedroom Apartments | $1,728 | $1,073 | $5,582 |
| Cheap Shakopee 2 Bedroom Apartments | $2,355 | $1,300 | $10,000+ |
| Cheap Shakopee 3 Bedroom Apartments | $2,646 | $1,575 | $3,140 |
Browse Top Apartments in Shakopee
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Shakopee, MN Local Guide
- Shakopee Neighborhoods
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Shakopee Apartments for Rent
 The cheapest available apartment rental in Shakopee, MN is a 1 Bed unit found at Northridge Court-55+ Senior Housing in the The Preserve neighborhood priced from $1,367. Arbor Landing Apartments in the Spring Lake Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,375. Here is today’s list of the most affordable Shakopee apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northridge Court-55+ Senior Housing | One Bedroom Plus Den | 1BR,1BA | $1,367 |
| Arbor Landing Apartments | 2 Bedroom | 2BR,1BA | $1,375 |
| Shakopee Flats | Sunrise River | Studio,1BA | $1,378 |
| Avana Addison | A2 | 1BR,1BA | $1,386 |
| Arlington Ridge Apartments | 2 Bedroom | 2BR,1BA | $1,430 |
| Jeffers Waterfront Apartments | The Cabin | 1BR,1BA | $1,480 |
| The DECO | Stella | 1BR,1BA | $1,548 |
| The Triple Crown Residences At Canterbury | Westwind | Studio,1BA | $1,550 |
| The Sixton | Sixton | 1BR,1BA | $1,573 |
Best Value Apartments for Rent in Shakopee, MN
As of August 23, 2026 the best value apartment in the Shakopee area is the $1.38 price per square foot Three Bedroom Townhome Model at Boulder Ridge Townhomes in the in the Spring Lake Estates neighborhood starting from $1,863. The second greatest value Shakopee apartment is the The Cobalt Model at Zen Chaska starting at $1,645 with a $1.59 price per square foot in the Highland Shores neighborhood. Here is today’s list of the best values for Shakopee apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Boulder Ridge Townhomes | Three Bedroom Townhome | 3BR,2BA | $1.38 |
| Zen Chaska | The Cobalt | 2BR,2BA | $1.59 |
| Avana Addison | B1 | 2BR,2BA | $2.01 |
| Riva Ridge Apartments | 2A | 2BR,1BA | $1.86 |
| White Pines Apartments | A2 | 1BR,1BA | $1.81 |
| Arlington Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.52 |
| Arbor Landing Apartments | 2 Bedroom | 2BR,1BA | $1.47 |
| 1055 Spencer St S | 2 Bedroom with Flex Room | 2BR,2BA | $2.00 |
| 609 Market St S, Unit 1 | 609 Market St S | 2BR,1BA | $1.67 |
| Northridge Court-55+ Senior Housing | One Bedroom Plus Den | 1BR,1BA | $1.94 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Shakopee, MN
Sun Path Elementary School
Shakopee Senior High School
Shakopee East Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shakopee, MN Rentals by Map
See the most popular apartments and homes in Shakopee, MN
Frequently Asked Questions about Cheap Shakopee Apartments
What is the Cheapest Studio apartment in Shakopee?
Currently the most affordable Cheap Studio Apartment in Shakopee is at Shakopee Flats listed at $1,378.
How much is rent for a Cheap One Bedroom Shakopee Apartment?
The lowest price for a Cheap One Bedroom Shakopee Apartment is $1,367 at Northridge Court-55+ Senior Housing.
What is the lowest price for a Cheap Two Bedroom Shakopee Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Shakopee is starting from $1,375 at Arbor Landing Apartments.
What is the most affordable Shakopee Three Bedroom Apartment?
The best deal on a cheap Shakopee Three Bedroom Apartment rental is at Boulder Ridge Townhomes and starts from $1,863.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.