Burnsville, MN
August 2026
55306,55337
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,302 – $1,411 | 4.23% | 2.03% |
| 2-Bedroom | $1,532 – $1,693 | -0.82% | -2.14% |
| 3-Bedroom | $1,898 – $2,086 | 3.08% | -3.99% |
| 4-Bedroom | $2,978 – $3,095 | 0.71% | 2.42% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,459 – $1,503 | 3.60% | 2.42% |
| 2-Bedroom | $1,796 – $1,926 | 4.77% | 7.41% |
| 3-Bedroom | $2,274 – $2,425 | 1.33% | 3.41% |
| 4-Bedroom | $2,889 – $3,068 | 0.88% | 2.00% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,563 – $1,644 | -2.06% | -0.90% |
| 2-Bedroom | $2,017 – $2,120 | -1.65% | 1.88% |
| 3-Bedroom | $2,674 – $2,880 | 0.05% | 3.01% |
| 4-Bedroom | $2,832 – $3,007 | -2.55% | 0.72% |
In the Burnsville (55306, 55337) rental market, 3-bedroom apartments saw median rents increase by 1.62% month-over-month to $1,933 for May 2026. However, this segment declined 4.12% year-over-year, signaling that recent gains have not fully offset longer-term decreases for larger apartments.
Across Burnsville (55306, 55337), 2-bedroom condos posted a 6.86% year-over-year rent increase to a median of $1,814. This outpaces the 2-bedroom apartment segment, which saw a 0.37% gain to $1,642 in the same timeframe, reflecting higher annual growth for condos.
With a median rent of $2,937 and a 5.90% year-over-year increase, Burnsville (55306, 55337) rental trends indicate that 4-bedroom single-family homes command the highest rents, narrowly exceeding 4-bedroom apartments by $2 in May 2026.