Last updated
Average Rent in St Paul 55123 & Rent Trends
Rent prices and market trends across 1 apartment community in St Paul 55123, St Paul, MN. Updated daily.
Market Average
$1,153/mo
▼ 10.2% from last month
Lowest Available
$995/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
7
available now
St Paul 55123 vs St Paul, MN Average
St Paul 55123 is cheaper the St Paul, MN average by $518/mo (31%). The citywide average is $1,671/mo across all neighborhoods.
Is Rent Going Up or Down in St Paul 55123?
As of June 2026, the average rent in St Paul 55123 is $1,153 per month across 1 apartment community and 7 available units. Rents have decreased $132 (10.2%) over the past month.
The most affordable option is Waterford Place Townhomes starting at $995/mo. By unit type, a 1-bedroom averages $1,153/mo.
Prices range from $995 to $1,390 per month. The most common price point is the $1,000 range, where 5 units are currently listed.
St Paul 55123 Rent Price History
Rent Price Distribution
Rent by Bedroom Type in St Paul 55123
Rent Prices by Apartment in St Paul 55123
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Waterford Place Townhomes | $995/mo | $1,153/mo | 7 | 4.2 |
Google Search Trends for St Paul 55123 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in St Paul 55123
What is the average rent in St Paul 55123?
Is rent going up or down in St Paul 55123?
What is the cheapest apartment in St Paul 55123?
How much is a 1-bedroom apartment in St Paul 55123?
How many apartments are available in St Paul 55123?
What salary do I need to live comfortably in St Paul 55123?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$46,000/year
Based on the 30 percent rule, using our tracked average rent of $1,153/mo.
Comfortable income
$55,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($995/mo), you need to earn at least $40,000/year.
Median household income in St Paul 55123 is $73,055 , about 32% above the comfortable-living threshold.
Cost of living in St Paul 55123
Overall prices in St Paul 55123 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 St Paul 55123's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,153 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $4,757/mo |
Population
307,762
Median household income
$73,055
Census median rent
$1,248/mo
Rent as % of income
29.8%
Median age
33.5
Mean commute
22 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.
Explore St Paul 55123 Apartments
Browse all 1 communities with daily-updated pricing and availability.