Last updated
Average Rent in Burnsville 55306 & Rent Trends
Rent prices and market trends across 2 apartment communities in Burnsville 55306, Burnsville, MN. Updated daily.
Market Average
$1,759/mo
Lowest Available
$1,290/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
45
available now
Price Cuts This Week in Burnsville 55306
3 listed units across 2 buildings in Burnsville 55306 dropped their asking rent in the past 7 days, an average cut of $60/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| NEON Burnsville Apartments | Unit 3, Dawn | $1,595 | $1,495 | $100 |
| NEON Burnsville Apartments | Unit 1, Blaze | $1,445 | $1,395 | $50 |
| The Woods of Burnsville Apartments | Unit 601203, Sycamore | $1,321 | $1,290 | $31 |
Burnsville 55306 vs Burnsville, MN Average
Burnsville 55306 is more expensive than the Burnsville, MN average by $63/mo (4%). The citywide average is $1,696/mo across all neighborhoods.
Is Rent Going Up or Down in Burnsville 55306?
As of September 2026, the average rent in Burnsville 55306 is $1,759 per month across 2 apartment communities and 45 available units.
The most affordable option is The Woods of Burnsville Apartments starting at $1,290/mo. By unit type, a 1-bedroom averages $1,442/mo, a 2-bedroom averages $1,907/mo, a 3-bedroom averages $2,318/mo.
Prices range from $1,290 to $2,695 per month. The most common price point is the $1,600 range, where 12 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Burnsville 55306
Rent Prices by Apartment in Burnsville 55306
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Woods of Burnsville Apartments | $1,290/mo | $1,664/mo | 35 | 4.1 |
| NEON Burnsville Apartments | $1,395/mo | $2,090/mo | 10 | 4.2 |
Frequently Asked Questions About Rent in Burnsville 55306
What is the average rent in Burnsville 55306?
Is rent going up or down in Burnsville 55306?
What is the cheapest apartment in Burnsville 55306?
How much is a 1-bedroom apartment in Burnsville 55306?
How many apartments are available in Burnsville 55306?
What salary do I need to live comfortably in Burnsville 55306?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$70,000/year
Based on the 30 percent rule, using our tracked average rent of $1,759/mo.
Comfortable income
$84,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,290/mo), you need to earn at least $52,000/year.
Median household income in Burnsville 55306 is $83,953 , about 1% below the comfortable-living threshold.
Cost of living in Burnsville 55306
Overall prices in Burnsville 55306 runs above the national average by about 4% (BEA Regional Price Parity index 104.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Burnsville 55306's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,759 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $5,363/mo |
Population
64,295
Median household income
$83,953
Census median rent
$1,501/mo
Census rent burden
31.8%
Median age
36.9
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Burnsville 55306 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Burnsville 55306 Apartments
Browse all 2 communities with daily-updated pricing and availability.