Rentometer, Inc. | Data as of 12/04/2025
Monticello, Minnesota offers a diverse rental landscape that blends small‑town charm with convenient access to the Twin Cities. The city’s historic downtown, bordered by the Mississippi River and nearby Lake Columbia, draws professionals and families alike who appreciate a walkable community with boutique shops, local eateries, and seasonal festivals. Residents benefit from well‑maintained parks such as Blaker Creek Park and the popular Monticello Arboretum, while easy access to Highway 10 and the Northstar commuter rail line makes commuting straightforward. These amenities, combined with a strong sense of community, make Monticello a sought‑after market for both apartments and single‑family homes.
The rental mix in Monticello caters to a range of lifestyles. Apartment options span from studio units in the $1,300 range to three‑bedroom layouts approaching the $2,000 range, ideal for young professionals or small families seeking modern amenities. Larger multi‑bedroom apartments provide spacious living for growing households, with two‑bedroom rentals averaging around $1,500. For those desiring more space, three‑ and four‑plus bedroom houses are available, typically positioned in the $2,300 bracket, offering ample room for families and home‑based work. Proximity to reputable schools, shopping centers like Monticello Mall, and recreational trails further enhances the appeal for long‑term renters. Whether searching for a cozy studio near the riverfront or a spacious home in a quiet neighborhood, Monticello’s rental market delivers a balanced selection of quality housing aligned with the city’s welcoming, vibrant atmosphere.
| 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 | $2,312 | $2,372 | $1,985 - $2,549 | $2,095 - $2,499 |
| House | 4+ Bedroom | $2,350 | $2,300 | $1,999 - $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, $2,161 for 3 Bedroom, and $2,201 for 4+ Bedroom.
Data provided by Rentometer, Inc.