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

Hugo, MN

As of April 2026, Hugo's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Hugo's average rent is 46.7% ($714) higher than the Minnesota average of $1,529 and 25.4% ($455) higher than the U.S. average of $1,788.

Average Rent

$2,243

Monthly ChangeMonth Over Month Change

0.1% ($3)

Yearly ChangeYear Over Year Change

8% ($166)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,912	9.3% ($162)	21.3% ($336)
2 Beds	$2,165	1% ($22)	11.8% ($228)
3 Beds	$2,701	0.3% ($8)	20.1% ($452)

Nearby Cities	Average Rent	Avg. Rent vs. HugoAverage Rent vs. Hugo	Avg. Days on MarketAverage Days on Market
Forest Lake	$1,743	22.3% ($500)	45 days
Stillwater	$3,558	58.6% ($1315)	43 days
Lake Elmo	$3,522	57% ($1279)	47 days
Chisago City	$1,534	31.6% ($709)	44 days
Somerset	$1,596	28.8% ($647)	37 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Hugo Rental Market FAQs

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

What is the average rent in Hugo, MN?

The average rent in Hugo, MN is $2,243 per month.

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

Homes in Hugo typically rent for between $1,338 and $3,511 per month, with an average of $2,243 per month.

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

In Hugo, the average rent for a 1-bedroom home is $1,912 per month, for a 2-bedroom home, $2,165 per month, and a 3-bedroom home is $2,701 per month.

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

The average rent in Hugo is 25.4% ($455) higher than the national average of $1,788 per month.

How have rent prices in Hugo, MN changed recently?

The average rent in Hugo has increased by 0.1% ($3) in the last month and increased by 8.0% ($166) over the past year.

How competitive is the rental market in Hugo, MN?

The rental market in Hugo, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.

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

In Hugo, MN, the average rental stays on the market for approximately 48 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 Hugo, MN?

There are currently 9 rental properties available in Hugo, MN.

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

Based on the current averages, a household would need an annual income of $86,600 to comfortably afford a 2-bedroom home in Hugo.