Montevideo, MN rental market

What is the average rent in Montevideo, MN?

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Last updated October 20, 2025

Rental market summary

The average rent for all bedrooms and all property types in Montevideo, MN is $1,045.

Average rent

$1,045

Month-over-month change

+$50

Year-over-year change

+$108

Available rentals

2

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $890 to $895.

Rent frequencies
Rent priceNumber of rental properties
$1,0001
$1,100+1

Average rent price over time

In the last year, rent has increased by $108 compared to the previous year.

Average rent price over time
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$970No data
Dec$1,085No 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.

hot

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.

Montevideo, MNvs.

$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 $1,156 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 $50

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.

Zip codes in Montevideo, MN