Rentometer, Inc. | Data as of 12/05/2025
New Prague, Minnesota offers a welcoming small‑city atmosphere combined with convenient access to the greater Twin Cities region, making it an appealing destination for renters seeking both community charm and modern amenities. The city’s historic downtown features brick‑paved streets, locally owned boutiques, and seasonal festivals that reflect a strong sense of heritage and togetherness. With easy access to the Minnesota River and numerous parks, residents enjoy a blend of outdoor recreation and cultural experiences year‑round.
The rental market in New Prague is characterized primarily by apartment living, with a variety of one‑ and two‑bedroom units spread across well‑maintained complexes and renovated historic buildings. Rents typically fall in the $1500s for one‑bedroom apartments and rise into the $2000 range for two‑bedroom units, offering competitive pricing for the quality of space and amenities available. Popular neighborhoods such as Downtown New Prague, River Hills, and the emerging Greenfield area provide easy walking distance to schools, shopping centers, and public transit options, while newer developments near the riverfront cater to professionals desiring a contemporary lifestyle.
Beyond housing, New Prague boasts excellent schools, a vibrant arts scene highlighted by the New Prague Heritage Museum, and recreational venues like Grandview Park and the Minnesota River Trail. Residents benefit from a strong sense of community, regular farmers’ markets, and a range of dining options that showcase both traditional Midwestern fare and international cuisine. Whether you’re a young professional, a growing family, or someone looking to downsize, New Prague’s rental market delivers a balanced mix of affordability, convenience, and quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,537 | $1,575 | $1,063 - $1,875 | $1,400 - $1,775 |
| Apartment | 2 Bedroom | $1,870 | $2,150 | $1,425 - $2,200 | $1,425 - $2,150 |
In the current period, the average rent in New Prague was
$1,538 for 1 Bedroom, and
$1,870 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.