Apartments for Rent in Mound, MN

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What to Know About

Life in Mound & Beyond

Mound 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

Mound, MN

As of June 2026, Mound's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Mound's average rent is 0.5% ($8) lower than the Minnesota average of $1,539 and 14.8% ($266) lower than the U.S. average of $1,797.

Average Rent
$1,531
Monthly ChangeMonth Over Month Change
Increased1.3% ($19)
Yearly ChangeYear Over Year Change
Increased1.4% ($21)
Avg. Days on MarketAverage Days on Market
34
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,459 Increased0.6% ($9) Increased2.6% ($37)
2 Beds $1,699 Increased1.4% ($24) Increased2.1% ($35)
3 Beds $2,183 Increased2.9% ($62) Increased8.4% ($170)
Nearby Cities Average Rent Avg. Rent vs. MoundAverage Rent vs. Mound Avg. Days on MarketAverage Days on Market
Excelsior $1,171 Decreased23.5% ($360) 37 days
Long Lake $1,363 Decreased11% ($168) 32 days
Wayzata $1,520 Decreased0.7% ($11) 36 days
Waconia $1,851 Increased20.9% ($320) 45 days
Chanhassen $1,840 Increased20.2% ($309) 44 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Mound Rental Market FAQs

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

The average rent in Mound, MN is $1,531 per month.
Apartments in Mound typically rent for between $1,021 and $2,838 per month, with an average of $1,531 per month.
In Mound, the average rent for a 1-bedroom apartment is $1,459 per month, for a 2-bedroom apartment, $1,699 per month, and a 3-bedroom apartment is $2,183 per month.
The average rent in Mound is 14.8% ($266) lower than the national average of $1,797 per month.
The average rent in Mound has increased by 1.3% ($19) in the last month and increased by 1.4% ($21) over the past year.
The rental market in Mound, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Mound, MN, the average rental stays on the market for approximately 34 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 10 rental properties available in Mound, MN.
Based on the current averages, a household would need an annual income of $67,960 to comfortably afford a 2-bedroom apartment in Mound.
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