Rentometer, Inc. | Data as of 10/23/2025
Monticello, Minnesota blends small‑town charm with easy access to the Twin Cities, making it a sought‑after destination for renters seeking a balanced lifestyle. The city’s historic downtown offers boutique shops, locally owned cafés, and the popular RiverPlace district along the Mississippi River, while outdoor enthusiasts enjoy nearby Monticello State Park and an extensive trail network. These amenities contribute to a vibrant community where professionals, families, and students alike find a welcoming home base.
The rental market in Monticello features a diverse mix of apartments and single‑family homes, catering to a wide range of needs. Apartment options range from studios in the $1200s to spacious three‑bedroom units approaching the $2000 range, while larger families often gravitate toward three‑ and four‑plus bedroom houses with rents in the mid‑$2000s. This variety ensures that renters can find both affordable starter units and more expansive family residences within the same city limits.
Neighborhoods such as the Riverfront and the historic district provide convenient proximity to schools, parks, and transit routes, enhancing daily convenience for residents. With its blend of natural beauty, cultural attractions, and flexible housing choices, Monticello continues to attract renters looking for a high quality of life in Minnesota’s thriving central region.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,273 | $1,280 | $1,000 - $1,490 | $1,233 - $1,360 |
| Apartment | 1 Bedroom | $1,362 | $1,429 | $1,150 - $1,540 | $1,200 - $1,470 |
| Apartment | 2 Bedroom | $1,475 | $1,425 | $775 - $2,170 | $1,320 - $1,665 |
| Apartment | 3 Bedroom | $2,010 | $2,057 | $1,460 - $2,325 | $1,890 - $2,270 |
| House | 3 Bedroom | $2,332 | $2,372 | $1,950 - $2,549 | $2,250 - $2,499 |
| House | 4+ Bedroom | $2,358 | $2,300 | $2,009 - $2,849 | $2,099 - $2,500 |
In the current period, the average rent in Monticello was $1,274 for Studio, $1,363 for 1 Bedroom, $1,470 for 2 Bedroom, $2,171 for 3 Bedroom, and $2,213 for 4+ Bedroom.
Data provided by Rentometer, Inc.