Comptroveby RentSpire

New

1620 Lusitano St, Shakopee, MN, 55379

Market rate 1,620 units (unit count basis: listing-reported) Hazard/risk read: not observed

Asking & effective rent by bedroom

Average asking rent across observed units: $2,026. Average effective rent: $2,026.

TypeAsking rentEffective rentAvg sqftObservations
Studio$1,681$1,6817332
1 bedroom$1,702$1,7027963
2 bedroom$2,217$2,2171,1645
3 bedroom$2,735$2,7351,5041

HUD Fair Market Rent gap

HUD area: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

No nearby comparables with rent data were found within 3 miles.

Sources & provenance

Sourced from https://livearasan.com/floorplans/ — 11 observation(s), last observed Aug 6, 2026.

Data age: 11 days. Last observed: Aug 6, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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