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Homes & Apartments for Rent in 56265

1-2 of 2 rentals

Apartment for rent at 215 S 5th St, Montevideo, MN 56265

1 / 10

Updated - yesterday

Managed by Anaogic

$715 - $895

Apartment1-2 Beds1 Bath513-623 ft²

215 S 5th St

Montevideo, MN 56265

Escape to the tranquility of rural living with a touch of history in our charming apartments nestled within a historic home. This unique dwelling offers a serene retreat from the hustle and bustle of city life. Our apartment combines the elegance of yesteryear with modern comforts, providing the perfect blend of old-world charm and contemporary convenience. With ample space for living and dining, as well as a cozy bedroom for restful nights, our apartments offer all the comforts of home in a truly idyllic setting.

Managed by Prairie Lakes Management

$1,280

Apartment2 Beds1 Bath921 ft²

201 N 21st St

Montevideo, MN 56265

Welcome to Thunder Hawk Apartments, presented by Prairie Lakes Management. We have several units available for lease. For more information and to schedule a showing, please contact us. Air Conditioning, Frost-free refrigerator, Community Room, Elevator, Grilling stations, Fitness Center, Outside Picnic Area, Heat, Water, Sewer, Trash, IN unit washer and dryer, Electric range with self-cleaning oven, Built-in dishwasher, Built-in microhood & Features and finishes may vary.

Viewing 1-2 of 2 rentals in 56265

What to Know About

Life in Montevideo & Beyond

Montevideo 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

Montevideo, MN

As of June 2026, Montevideo's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Montevideo's average rent is 34.2% ($526) lower than the Minnesota average of $1,539 and 43.6% ($784) lower than the U.S. average of $1,797.

Average Rent

$1,013

Monthly ChangeMonth Over Month Change

2.7% ($28)

Yearly ChangeYear Over Year Change

6.4% ($61)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$741	3.3% ($24)	7.5% ($52)
2 Beds	$1,070	0.6% ($6)	1.1% ($12)
3 Beds	$1,575	No change	23% ($295)

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 $1,013 per month.

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

Homes in Montevideo typically rent for between $600 and $2,048 per month, with an average of $1,013 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 $741 per month, for a 2-bedroom home, $1,070 per month, and a 3-bedroom home is $1,575 per month.

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

The average rent in Montevideo is 43.6% ($784) lower than the national average of $1,797 per month.

How have rent prices in Montevideo, MN changed recently?

The average rent in Montevideo has decreased by 2.7% ($28) in the last month and increased by 6.4% ($61) 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 are currently 2 rental properties 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 $42,800 to comfortably afford a 2-bedroom home in Montevideo.