Montevideo, MN rental market
What is the average rent in Montevideo, MN?
Last updated October 22, 2025
Rental market summary
The average rent for all bedrooms and all property types in Montevideo, MN is $1,045.
$1,045
+$41
+$108
2
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $890 to $895.
| Rent price | Number of rental properties |
|---|---|
| $1,000 | 1 |
| $1,100+ | 1 |
Average rent price over time
In the last year, rent has increased by $108 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $500 | $1,045 |
| Feb | $595 | $935 |
| Mar | $595 | $935 |
| Apr | $985 | $645 |
| May | $675 | $645 |
| Jun | $695 | $850 |
| Jul | $595 | $905 |
| Aug | $1,075 | $995 |
| Sep | $1,075 | $995 |
| Oct | $937 | $1,045 |
| Nov | $970 | No data |
| Dec | $1,085 | No data |
Market temperature
The Montevideo, MN rental market temperature is HOT. 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 Montevideo, MN is 48% lower than the national average.
$1,045
$2,000
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Frequently asked questions
1. What is the average rent in Montevideo, MN?
The average rent in Montevideo, MN is $1,045.
2. What is the average rent for a one-bedroom apartment in Montevideo, MN?
The average rent for a one-bedroom apartment in Montevideo, MN is $1,000 per month.
3. What is the average rent for a two-bedroom apartment in Montevideo, MN?
The average rent for a two-bedroom apartment in Montevideo, MN is $1,045 per month.
4. What is the average rent for a three-bedroom apartment in Montevideo, MN?
The average rent for a three-bedroom apartment in Montevideo, MN is $1,116 per month.
5. How much does it cost to rent a house in Montevideo, MN?
Houses in Montevideo, MN rent between $890 - $895 with an average rent of $1,045.
6. How has the rent in Montevideo, MN changed in the last year?
In the last year, the rent in Montevideo, MN increased by $108
7. How much has the rent in Montevideo, MN increased/decreased in the last month?
In the last month, the rent in Montevideo, MN increased by $41
8. How many available rentals are there in Montevideo, MN?
There are currently 2 rentals available in Montevideo, MN.
9. How do rent prices in Montevideo, MN compare with the national average?
The average rent in Montevideo, MN is $1,045 — 47.75% lower the national average of $2,000.