Cheap Homes for Rent in Shakopee, MN from $700 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in Shakopee.

property at 13073 Crimson clover ln

$1,750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

13073 Crimson clover ln

Eden PrairieMN55347

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 2052 12th Ave W

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

3 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 1

2052 12th Ave W

ShakopeeMN55379
property at 7689 Nicholas Way

$2,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 2 Bath Townhome for Rent

Available Now

7689 Nicholas Way

ChanhassenMN55317
property at 672 Cobblestone Way

$2,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,050

Total Monthly Price
$2,050

2 Bedroom, 2 Bath Townhome for Rent

Available Jul 1

672 Cobblestone Way

ShakopeeMN55379
property at 820 Matthew Drive

$2,095

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,095

Total Monthly Price
$2,095

3 Bedroom, 3 Bath Townhome for Rent

Available May 15

820 Matthew Drive

ChaskaMN55318
property at 8201 W Park Hills Dr

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

3 Bedroom, 2 Bath Townhome for Rent

Available May 1

8201 W Park Hills Dr

MinneapolisMN55438

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 1760 Riverside Dr

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

4 Bedroom, 4 Bath Townhome for Rent

Available Now

1760 Riverside Dr

ShakopeeMN55379

Shakopee, MN Local Guide

Cheapest Available Shakopee Apartments for Rent

 

The cheapest available apartment rental in Shakopee, MN is a Studio unit found at Legacy Central 55+ Senior Apartments in the Spring Lake Estates neighborhood priced from $1,075. Lake Ridge Apartments in the Downtown Prior Lake neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,313. Here is today’s list of the most affordable Shakopee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Legacy Central 55+ Senior ApartmentsStudioStudio,1BA$1,075
Lake Ridge Apartments0 Bed | 1 Bath (Studio)Studio,1BA$1,313
The BlakeleyBronzeStudio,1BA$1,350
Arbor Landing Apartments2 Bedroom2BR,1BA$1,375
Pike Lake MarshC22BR,2BA$1,380

Best Value Apartments for Rent in Shakopee, MN

As of April 29, 2026 the best value apartment in the Shakopee area is the $1.85 price per square foot End Unit Model at Gateway Court Townhomes - Shakopee, MN in the in the Highland Shores neighborhood starting from $3,140. The second greatest value Shakopee apartment is the Three Bedroom Townhome Model at Boulder Ridge Townhomes starting at $1,863 with a $1.13 price per square foot in the Spring Lake Estates neighborhood. Here is today’s list of the best values for Shakopee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gateway Court Townhomes - Shakopee, MNEnd Unit3BR,2.5BA$1.85
Boulder Ridge TownhomesThree Bedroom Townhome3BR,2BA$1.13
Bristol Village ApartmentsLake Harriet2BR,2BA$1.48
Olympic Ridge ApartmentsSan Moritz3BR,1.75BA$1.81
Zen ChaskaThe Indigo2BR,2BA$1.53
Pike Lake MarshC22BR,2BA$1.34
Arlington Ridge Apartments2 Bedroom2BR,1BA$1.58
Arbor Landing Apartments2 Bedroom2BR,1BA$1.47
White Pines ApartmentsA11BR,1BA$1.83
Northridge Court-55+ Senior HousingOne Bedroom Plus Den1BR,1BA$1.98

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Shakopee

What type of rentals are currently available in Shakopee?

There are currently 87 Apartments for Rent in Shakopee, MN with pricing that ranges from $974 to $4,891. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shakopee ranging from $700 to $7,500.

What is the current price range for Rental Homes in Shakopee?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shakopee ranges from $700 to $7,500 with an average monthly rent of $3,914.

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

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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.

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Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters

Written by: Stephanie Lica

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Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers

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Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.