Apartments for Rent in Monticello, MN

Prices and availability in Monticello, MN were last updated on 10 Sep 2026.

The best apartments in Monticello, MN are: 154 East Broadway, Monticello Crossings, Savanna Vista, Monticello Village and Country Club Villas.

The average rent in Monticello, MN is $1,696.

The price range for a studio apartment in Monticello, MN is between $175 and $1,930.

The price range for a 1-bedroom apartment in Monticello, MN is between $950 and $2,225.

The price range for a 2-bedroom apartment in Monticello, MN is between $175 and $2,405.

The price range for a 3-bedroom apartment in Monticello, MN is between $1,935 and $2,590.

In Monticello 35% of the housing is rented out compared to 65% of homes are owned, according to the most recent Census Bureau estimates. 16% of Monticello's apartments are found in large buildings of 50 units or more, 57% are located in smaller apartment complexes with less than 50 units, and 21% are single-family rentals.

The average age of rental buildings in Monticello is 5 years old, with all being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, 12% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Monticello come in a range of sizes and floorplans. Studio apartments represent 6% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 34% of the total apartments in the city, while 2-bedroom floorplans represent around 52% of all rentals in Monticello. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.