Park Rapids

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Park Rapids, MN Area Guide

Avg Rent

$696

Population

3,649

Renter Mix

49% Rent

A scenic city near the edge of incredible natural beauty

Quiet Quaint Nature Hiking Fishing Lake Scenic

Nestled between a number of state forests and bodies of water in the Heartland Lakes region is Park Rapids, a beautiful city that’s ripe with natural beauty and easy access to incredible outdoor destinations. This quaint town is a characterful locale for residents and tourists alike thanks to its colorful Main Street district with its charming locally owned shops and restaurants. There’s a diverse array of apartments and other rentals in Park Rapids, each one perfect for the average outdoor lover or a renter who just enjoys the peace and quiet of the countryside.

Fishhook Lake is part of the town’s geography and culture. It’s a popular ice fishing spot in the winter months. Locals gather all year round at the watering holes near the city town and at the parks along the water when the climate is milder. If you’re looking for a rental with quick access to the natural world, look in Park Rapids.

Demographics

Median Household Income

$42,596

Average: $58,290

Education

873

Residents Have a Degree

Job Market

1,713

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

40 Years

Largest Age Group

5-14 Years

Approximately 13% of Residents

Under 20

26%

Over 65

24%

Housing Distribution

Park Rapids has more homeowners than renters.

Renters
49%
Non-Renters
51%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
15%
Other Education
85%

Rent Trends

As of May 2026, the average apartment rent in Park Rapids, MN is $527 for a studio, $696 for one bedroom, $793 for two bedrooms, and $973 for three bedrooms. Apartment rent in Park Rapids has decreased by -2.5% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$696/month
555 Sq Ft
See Rental Market Trends in Park Rapids, MN

Getting Around

Somewhat Walkable

Walkability

30 / 100

Exceptionally Drivable

Drivability

100 / 100

Fairly Bikeable

Bikeability

50 / 100

Schools

Park Rapids Area Century Elementary

Public

Grades PK-5

618 Students

Park Rapids Area Century Middle

Public

Grades K-8

497 Students

Park Rapids Area Century Middle

Public

Grades K-8

497 Students

Park Rapids Virtual Academy Middle

Public

Grades 6-8

10 Students

Park Rapids Senior High

Public

Grades 9-12

497 Students

Park Rapids Virtual Academy High

Public

Grades 9-12

4 Students

Points of Interest

Top Apartments in Park Rapids

Houses for Rent in Park Rapids

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.