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

Montevideo, MN

As of July 2025, Montevideo's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Montevideo's average rent is 41.4% ($613) lower than the Minnesota average of $1,479 and 51.2% ($909) lower than the U.S. average of $1,775.

Average Rent

$866

Monthly ChangeMonth Over Month Change

9% ($86)

Yearly ChangeYear Over Year Change

0.7% ($6)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$654	5.1% ($35)	5.5% ($38)
2 Beds	$992	6.2% ($66)	16.6% ($141)
3 Beds	$1,201	6.2% ($79)	21.6% ($213)

Nearby Cities	Average Rent	Avg. Rent vs. MontevideoAverage Rent vs. Montevideo	Avg. Days on MarketAverage Days on Market
Granite Falls	$1,113	28.5% ($247)	44 days
Benson	$685	20.9% ($181)	43 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Montevideo Rental Market FAQs

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

What is the average rent in Montevideo, MN?

The average rent in Montevideo, MN is $866 per month.

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

Homes in Montevideo typically rent for between $600 and $1,561 per month, with an average of $866 per month.

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

In Montevideo, the average rent for a 1-bedroom home is $654 per month, for a 2-bedroom home, $992 per month, and a 3-bedroom home is $1,201 per month.

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

The average rent in Montevideo is 51.2% ($909) lower than the national average of $1,775 per month.

How have rent prices in Montevideo, MN changed recently?

The average rent in Montevideo has decreased by 9.0% ($86) in the last month and increased by 0.7% ($6) over the past year.

How competitive is the rental market in Montevideo, MN?

The rental market in Montevideo, 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 Montevideo, MN?

In Montevideo, MN, the average rental stays on the market for approximately 46 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 Montevideo, MN?

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

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

Based on the current averages, a household would need an annual income of $39,680 to comfortably afford a 2-bedroom home in Montevideo.