Elgin, MN rental market
Last updated August 9, 2025
Rental market summary
The average rent for all bedrooms and all property types in Elgin, MN is $1,250.
$1,250
$0
+$1,250
2
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,250 to $2,200.
| Rent price | Number of rental properties |
|---|---|
| $1,200 | 1 |
| $2,100 | 1 |
| $2,200+ | 1 |
Average rent price over time
In the last year, rent has increased by $1,250 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,110 | $995 |
| Feb | $1,110 | $995 |
| Mar | $1,090 | $995 |
| May | $775 | $995 |
| Jun | $775 | $1,250 |
| Nov | $995 | $1,250 |
| Dec | $700 | No data |
Market temperature
The Elgin, MN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Elgin, MN is 40% lower than the national average.
$1,250
$2,100
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Frequently asked questions
1. What is the average rent in Elgin, MN?
The average rent in Elgin, MN is $1,250.
2. How much does it cost to rent a house in Elgin, MN?
Houses in Elgin, MN rent between $1,250 - $2,200 with an average rent of $1,250.
3. How has the rent in Elgin, MN changed in the last year?
In the last year, the rent in Elgin, MN increased by $1,250
4. How much has the rent in Elgin, MN increased/decreased in the last month?
In the last month, the rent in Elgin, MN did not change.
5. How many available rentals are there in Elgin, MN?
There are currently 2 rentals available in Elgin, MN.
6. How do rent prices in Elgin, MN compare with the national average?
The average rent in Elgin, MN is $1,250 — 40.48% lower the national average of $2,100.