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

Hoyt Lakes, MN

As of July 2025, Hoyt Lakes's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Hoyt Lakes's average rent is 54.6% ($807) lower than the Minnesota average of $1,479 and 62.1% ($1,103) lower than the U.S. average of $1,775.

Average Rent

$672

Monthly ChangeMonth Over Month Change

3.6% ($25)

Yearly ChangeYear Over Year Change

0.9% ($6)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$650	No change	22.9% ($121)
2 Beds	$824	9.9% ($74)	26.8% ($174)
3 Beds	$997	9.9% ($90)	32.1% ($242)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Hoyt Lakes Rental Market FAQs

Explore rental prices, market trends, and availability in Hoyt Lakes, MN.

What is the average rent in Hoyt Lakes, MN?

The average rent in Hoyt Lakes, MN is $672 per month.

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

Homes in Hoyt Lakes typically rent for between $600 and $1,296 per month, with an average of $672 per month.

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

In Hoyt Lakes, the average rent for a 1-bedroom home is $650 per month, for a 2-bedroom home, $824 per month, and a 3-bedroom home is $997 per month.

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

The average rent in Hoyt Lakes is 62.1% ($1,103) lower than the national average of $1,775 per month.

How have rent prices in Hoyt Lakes, MN changed recently?

The average rent in Hoyt Lakes has decreased by 3.6% ($25) in the last month and decreased by 0.9% ($6) over the past year.

How competitive is the rental market in Hoyt Lakes, MN?

The rental market in Hoyt Lakes, 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 Hoyt Lakes, MN?

In Hoyt Lakes, MN, the average rental stays on the market for approximately 37 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 Hoyt Lakes, MN?

There is currently 1 rental property available in Hoyt Lakes, MN.

Can I afford to rent a home in Hoyt Lakes, MN?

Based on the current averages, a household would need an annual income of $32,960 to comfortably afford a 2-bedroom home in Hoyt Lakes.