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 May 2025, Mound's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Mound's average rent is 3.5% ($51) higher than the Minnesota average of $1,457 and 15.9% ($285) lower than the U.S. average of $1,793.

Average Rent

$1,508

Monthly ChangeMonth Over Month Change

0.9% ($14)

Yearly ChangeYear Over Year Change

0.8% ($12)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,422	3% ($44)	2.3% ($32)
2 Beds	$1,718	0.7% ($12)	6.4% ($104)
3 Beds	$1,962	1.8% ($36)	4.7% ($88)

Nearby Cities	Average Rent	Avg. Rent vs. MoundAverage Rent vs. Mound	Avg. Days on MarketAverage Days on Market
Spring Park	$1,768	17.2% ($260)	35 days
Excelsior	$1,914	26.9% ($406)	37 days
Wayzata	$1,460	3.2% ($48)	36 days
Chanhassen	$1,494	0.9% ($14)	44 days
Chaska	$1,752	16.2% ($244)	42 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.

What is the average rent in Mound, MN?

The average rent in Mound, MN is $1,508 per month.

What is the rental price range for apartments in Mound, MN?

Apartments in Mound typically rent for between $995 and $2,551 per month, with an average of $1,508 per month.

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

In Mound, the average rent for a 1-bedroom apartment is $1,422 per month, for a 2-bedroom apartment, $1,718 per month, and a 3-bedroom apartment is $1,962 per month.

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

The average rent in Mound is 15.9% ($285) lower than the national average of $1,793 per month.

How have rent prices in Mound, MN changed recently?

The average rent in Mound has decreased by 0.9% ($14) in the last month and decreased by 0.8% ($12) over the past year.

How competitive is the rental market in Mound, MN?

The rental market in Mound, 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 Mound, MN?

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.

How many rental properties are available in Mound, MN?

There are currently 5 rental properties available in Mound, MN.

Can I afford to rent an apartment in Mound, MN?

Based on the current averages, a household would need an annual income of $68,720 to comfortably afford a 2-bedroom apartment in Mound.