Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Hibbing, MN

As of July 2025, Hibbing's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Hibbing's average rent is 49.2% ($727) lower than the Minnesota average of $1,479 and 57.6% ($1,023) lower than the U.S. average of $1,775.

Average Rent

$752

Monthly ChangeMonth Over Month Change

0.4% ($3)

Yearly ChangeYear Over Year Change

15.7% ($140)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$594	1.2% ($7)	14.2% ($98)
2 Beds	$752	0.4% ($3)	11.6% ($99)
3 Beds	$910	0.4% ($4)	7.9% ($78)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Hibbing Rental Market FAQs

Explore rental prices, market trends, and availability in Hibbing, MN.

What is the average rent in Hibbing, MN?

The average rent in Hibbing, MN is $752 per month.

What is the rental price range for homes in Hibbing, MN?

Homes in Hibbing typically rent for between $600 and $1,183 per month, with an average of $752 per month.

What is the average rent for different bedroom sizes in Hibbing, MN?

In Hibbing, the average rent for a 1-bedroom home is $594 per month, for a 2-bedroom home, $752 per month, and a 3-bedroom home is $910 per month.

How do rent prices in Hibbing, MN compare with the national average?

The average rent in Hibbing is 57.6% ($1,023) lower than the national average of $1,775 per month.

How have rent prices in Hibbing, MN changed recently?

The average rent in Hibbing has increased by 0.4% ($3) in the last month and decreased by 15.7% ($140) over the past year.

How competitive is the rental market in Hibbing, MN?

The rental market in Hibbing, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Hibbing, MN?

In Hibbing, MN, the average rental stays on the market for approximately 39 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Hibbing, MN?

There is currently 1 rental property available in Hibbing, MN.

Can I afford to rent a home in Hibbing, MN?

Based on the current averages, a household would need an annual income of $30,080 to comfortably afford a 2-bedroom home in Hibbing.