Apartments for Rent in Monticello, MN

Prices and availability in Monticello, MN were last updated on 22 Aug 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 $2,150.

The price range for a 1-bedroom apartment in Monticello, MN is between $950 and $2,135.

The price range for a 2-bedroom apartment in Monticello, MN is between $175 and $2,765.

The price range for a 3-bedroom apartment in Monticello, MN is between $2,180 and $2,765.

In Monticello, 35% of the residents are renting compared to 65% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 16% of Monticello's rentals, 57% are small-scale complexes with under 50 units, and 21% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Monticello are about 5 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, 12% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.