Homes & Apartments for Rent in Monticello, MN

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What to Know About

Life in Monticello & Beyond

Monticello shares many of the great qualities that make Minnesota a desirable place to live.

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

Monticello, MN

As of April 2026, Monticello's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Monticello's average rent is 3.9% ($59) lower than the Minnesota average of $1,529 and 17.8% ($318) lower than the U.S. average of $1,788.

Average Rent
$1,470
Monthly ChangeMonth Over Month Change
Decreased1.6% ($24)
Yearly ChangeYear Over Year Change
Increased1.5% ($22)
Avg. Days on MarketAverage Days on Market
41
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,378 Decreased2.3% ($32) Decreased1% ($14)
2 Beds $1,705 Decreased0.1% ($1) Increased4.7% ($76)
3 Beds $2,149 Increased2.3% ($49) Increased15.7% ($292)
Nearby Cities Average Rent Avg. Rent vs. MonticelloAverage Rent vs. Monticello Avg. Days on MarketAverage Days on Market
Big Lake $1,505 Increased2.4% ($35) 40 days
Becker $1,881 Increased28% ($411) 40 days
Albertville $1,791 Increased21.8% ($321) 43 days
Buffalo $1,524 Increased3.7% ($54) 41 days
Elk River $1,590 Increased8.2% ($120) 46 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Monticello Rental Market FAQs

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

The average rent in Monticello, MN is $1,470 per month.
Homes in Monticello typically rent for between $965 and $2,794 per month, with an average of $1,470 per month.
In Monticello, the average rent for a 1-bedroom home is $1,378 per month, for a 2-bedroom home, $1,705 per month, and a 3-bedroom home is $2,149 per month.
The average rent in Monticello is 17.8% ($318) lower than the national average of $1,788 per month.
The average rent in Monticello has decreased by 1.6% ($24) in the last month and increased by 1.5% ($22) over the past year.
The rental market in Monticello, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Monticello, MN, the average rental stays on the market for approximately 41 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 6 rental properties available in Monticello, MN.
Based on the current averages, a household would need an annual income of $68,200 to comfortably afford a 2-bedroom home in Monticello.
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