Monticello, MN Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Monticello is $1,753, a 0.21% increase compared to the previous year, when the average rent was $1,750.
Studio Apartments at $1,412 offer the most budget-friendly option with 608 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 799 square feet for $1,530, balancing privacy and affordability.
Two-beedroom units at $1,868 offer 1,125 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,460 sq ft) for $2,056, suitable for larger households.
Average rent in Monticello, MN
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,753 | 1,023 sq. ft. |
| Studio | $1,412 | 608 sq. ft. |
| 1 Bed | $1,530 | 799 sq. ft. |
| 2 Beds | $1,868 | 1,125 sq. ft. |
| 3 Beds | $2,056 | 1,460 sq. ft. |
Monticello, MN rent trends
Rental prices in Monticello, MN have increased by 0.21% over the past year. The average rent moved from $1,750 to $1,753.
What's the typical rent budget in Monticello, MN?
The largest share of rentals in Monticello, MN (57%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Monticello, MN?
1,920 or 35% of the households in Monticello, MN are renter-occupied while 3,557 or 65% are owner-occupied.
How Monticello Compares to Other Cities
| City | Average Rent |
|---|---|
| Monticello | $1,753 |
| Minneapolis | $1,681 |
| St. Paul | $1,524 |
| St. Louis Park | $1,796 |
| Moorhead | $1,088 |
| Bloomington | $1,661 |
| Edina | $1,862 |
| Rochester | $1,663 |
| Mankato | $1,387 |
| St. Cloud | $1,157 |
| Brooklyn Park, MN | $1,337 |
| Plymouth, MN | $1,706 |
| Maple Grove, MN | $2,158 |
| Coon Rapids, MN | $1,435 |
| Anoka, MN | $1,373 |
| Rogers, MN | $1,810 |
| Ramsey, MN | $1,866 |
| Elk River, MN | $1,579 |
| Buffalo, MN | $1,315 |
| Champlin, MN | $1,878 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Monticello apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.