Last updated
Average Rent in Falcon Heights, MN & Rent Trends
Rent prices and market trends across 1 apartment community in Falcon Heights, MN. Updated daily.
Market Average
$1,373/mo
▲ +1% from last month
Lowest Available
$999/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
19
available now
Is Rent Going Up or Down in Falcon Heights, MN?
As of May 2026, the average rent in Falcon Heights, MN is $1,373 per month across 1 apartment community and 19 available units. Rents have increased $14 (1%) over the past month.
The most affordable option is Amber Union starting at $999/mo. By unit type, a studio averages $999/mo, a 1-bedroom averages $1,187/mo, a 2-bedroom averages $1,375/mo, a 3-bedroom averages $1,634/mo.
Prices range from $999 to $1,634 per month. The most common price point is the $1,200 range, where 13 units are currently listed.
Falcon Heights, MN Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Falcon Heights, MN
Rent Prices by Apartment in Falcon Heights, MN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Amber Union | $999/mo | $1,373/mo | 19 | 3.8 |
Google Search Trends for Falcon Heights, MN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Falcon Heights, MN
What is the average rent in Falcon Heights, MN?
Is rent going up or down in Falcon Heights, MN?
What is the cheapest apartment in Falcon Heights, MN?
How much is a 1-bedroom apartment in Falcon Heights, MN?
How many apartments are available in Falcon Heights, MN?
What salary do I need to live comfortably in Falcon Heights, MN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$55,000/year
30 percent rule -- using our average rent of $1,373/mo.
Comfortable income
$66,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($999/mo), you need to earn at least $40,000/year.
Median household income in Falcon Heights, MN is $93,233 , about 41% above the comfortable-living threshold.
Cost of living in Falcon Heights, MN
Overall prices in Falcon Heights, MN 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 Falcon Heights, MN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,373 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $4,977/mo |
Population
5,145
Median household income
$93,233
Census median rent
$1,200/mo
Rent as % of income
30.8%
Median age
35.8
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.
Explore Falcon Heights, MN Apartments
Browse all 1 communities with daily-updated pricing and availability.