Saint Paul, Minnesota Short-Term Rental Market
Twin Cities STRs averaged $197/night at 74.8% occupancy in June 2026; Saint Paul requires a $40 host license.
Quick Answer: Saint Paul, Minnesota is an active short-term rental market. average occupancy in the Minneapolis market area is 71%. average monthly revenue in the Minneapolis market area is $4,064. average daily rate in the Minneapolis market area is $201. the top operator in the Minneapolis market area is Minnestay with 124 listings. market score is 78/100 (grade B).
Market data reflects the Minneapolis regional market, which includes Saint Paul. Regulations, taxes, and permit details below are specific to Saint Paul.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Saint Paul is the capital of Minnesota and, with Minneapolis, anchors the Twin Cities metro. Population is 307,465. StaySTRA tracks Saint Paul’s short-term rental performance data, dimension mix, and property manager roster at the Twin Cities regional level, shared with Minneapolis, so the figures below describe the Twin Cities area STR market rather than Saint Paul alone.
In June 2026, the Twin Cities area STR market posted a blended ADR of $196.93 and 74.8% occupancy, with average monthly revenue of $3,909/listing. Occupancy is up 0.77 percentage points year over year, ADR is down 5.58%, and revenue is up 0.79% year over year, a market where rate softened even as volume held roughly steady.
Longer-term, the Twin Cities area’s annual average occupancy has ranged narrowly, 58-66%, since 2017, without a clear multi-year trend, while ADR climbed from $124 in 2019 to $169 in 2025 (up 36%) before easing to $153 in the partial 2026 year to date.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 48% |
| Feb | 53% |
| Mar | 59% |
| Apr | 60% |
| May | 66% |
| Jun | 74% |
| Jul | 74% |
| Aug | 73% |
| Sep | 64% |
| Oct | 63% |
| Nov | 56% |
| Dec | 57% |
Month-by-month nightly rates and revenue figures for Saint Paul are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Minneapolis market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Minneapolis market as a whole, which includes Saint Paul, so these counts are not Saint Paul-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Minnestay | 124 | 4,439 | ★ 4.82 |
| 2 | CozySuites | 106 | 953 | ★ 4.04 |
| 3 | Evolve | 104 | 3,177 | ★ 4.67 |
| 4 | Raspberry Rentals | 32 | 753 | ★ 4.40 |
| 5 | Curtwood | 31 | 1,859 | ★ 4.67 |
What Kind of STR Should I Buy in Saint Paul?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Saint Paul are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 60.5% |
| vrbo | 4.6% |
| both | 34.9% |
Home Value Trends (Saint Paul)
Typical home values, median sale prices, and the 10-year price trend for Saint Paul are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Saint Paul — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Short-term rentals are legal and licensed in Saint Paul under Chapter 379 of the Legislative Code. Any host must hold a Short-Term Rental Host License, $40 per unit, renewed annually; operating without one is unlawful. Applications require proof of ownership or a lease, at least $300,000 in liability insurance, and, for non-owner-occupied units, a current Fire Certificate of Occupancy. Booking platforms (Airbnb, VRBO) must separately hold their own platform license.
STRs are allowed citywide but capped per building: an owner-occupied single-family home or duplex is generally limited to one STR unit, and larger buildings are capped at 50% of units up to four; exceeding four units in a building requires a conditional use permit under zoning Sec. 65.645. There is no owner-occupancy or primary-residence mandate and no published annual night cap.
On taxes, guests pay Minnesota’s 6.875% state sales tax, Saint Paul’s 1.5% local sales tax (as of April 2024), and the city’s 3% transient lodging tax, for a combined burden of roughly 11%+. Enforcement is rated moderate, with both the Director of Safety & Inspections and the Police Chief reviewing applications.
Market Comparison
The Twin Cities area STR market’s June 2026 occupancy of 74.8% runs well above the commonly cited US STR median of roughly 55%, while its $196.93 blended ADR sits below the roughly $220 US median, though the luxury tier ($382.16) and professionally-managed tier ($263.13) both clear that national benchmark.
Top-property-manager data is tracked at the shared Twin Cities regional level rather than uniquely for Saint Paul. The regional roster (Minnestay, CozySuites, Evolve, Raspberry Rentals, Curtwood) is a Saint Paul-Minneapolis rollup, so this profile omits presenting those figures as Saint Paul’s own.
StaySTRA’s market_score dataset rates Saint Paul at 77.8/100 overall, with rental demand the standout sub-score (85.2/100) and investability the relative laggard (62.7/100).
Frequently Asked Questions About Saint Paul, Minnesota
What is the average daily rate for short-term rentals in Saint Paul, MN?
Are short-term rentals legal in Saint Paul, MN?
How many STR units can one building have in Saint Paul?
Who are the top short-term rental property managers in Saint Paul?
What is the busiest season for short-term rentals in the Twin Cities?
What is the gross yield on a Saint Paul short-term rental?
Analyze Saint Paul Rentals
Use our free calculator to estimate Airbnb revenue for any property in Saint Paul.
Free Saint Paul STR Calculator →
