Falcon Heights renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.

Falcon Heights, MN map of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in Falcon Heights is about $1,331 per month. This puts it in the 91st percentile compared to the state average cost of rent, which is $1,235. Households in Falcon Heights have a median income of $6,834 per month so the average renter in Falcon Heights is spending roughly 19% of their earnings on housing.

Nationally, and in Falcon Heights, home values are the data point most closely correlated with the cost of rent. The median price of a home in Falcon Heights is $397,830 right now, which is higher than cities nearby, meaning that rents in Falcon Heights also tend to be higher versus these nearby cities.

Higher rent prices are common in the northeastern parts of Falcon Heights while lower rent rates are often available in western areas.

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