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

Pequot Lakes, MN

As of July 2025, Pequot Lakes's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Pequot Lakes's average rent is 32.3% ($478) lower than the Minnesota average of $1,479 and 43.6% ($774) lower than the U.S. average of $1,775.

Average Rent

$1,001

Monthly ChangeMonth Over Month Change

6.5% ($61)

Yearly ChangeYear Over Year Change

15.7% ($136)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$664	5.4% ($34)	0.3% ($2)
2 Beds	$841	4.6% ($37)	3.3% ($27)
3 Beds	$1,018	4.7% ($46)	6.9% ($75)

Nearby Cities	Average Rent	Avg. Rent vs. Pequot LakesAverage Rent vs. Pequot Lakes	Avg. Days on MarketAverage Days on Market
Pine River	$837	16.4% ($164)	47 days
Ironton	$1,147	14.6% ($146)	41 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Pequot Lakes Rental Market FAQs

Explore rental prices, market trends, and availability in Pequot Lakes, MN.

What is the average rent in Pequot Lakes, MN?

The average rent in Pequot Lakes, MN is $1,001 per month.

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

Homes in Pequot Lakes typically rent for between $600 and $1,323 per month, with an average of $1,001 per month.

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

In Pequot Lakes, the average rent for a 1-bedroom home is $664 per month, for a 2-bedroom home, $841 per month, and a 3-bedroom home is $1,018 per month.

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

The average rent in Pequot Lakes is 43.6% ($774) lower than the national average of $1,775 per month.

How have rent prices in Pequot Lakes, MN changed recently?

The average rent in Pequot Lakes has increased by 6.5% ($61) in the last month and increased by 15.7% ($136) over the past year.

How competitive is the rental market in Pequot Lakes, MN?

The rental market in Pequot Lakes, 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 Pequot Lakes, MN?

In Pequot Lakes, MN, the average rental stays on the market for approximately 43 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 Pequot Lakes, MN?

There are currently 2 rental properties available in Pequot Lakes, MN.

Can I afford to rent a home in Pequot Lakes, MN?

Based on the current averages, a household would need an annual income of $33,640 to comfortably afford a 2-bedroom home in Pequot Lakes.