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Rental Market Trends in Cottage Grove, MN

What is the average rent in Cottage Grove, MN?

$1,480/month

Average Rent

716 Sq Ft

Average Apartment Size

-1.9%

Decrease in the Last Year

As of January 2026, the average rent in Cottage Grove, MN is $1,480 per month. For comparison, the national average rent price in the US is currently $1,624/month, which means Cottage Grove rent prices are 9% lower than the national average. When you rent an apartment in Cottage Grove, you can expect to pay about $1,480 per month for a studio, $1,480 for a one-bedroom apartment, and around $1,775 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,881 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,480/month
610 Sq Ft
One Bedroom
$1,480/month
716 Sq Ft
Two Bedroom
$1,775/month
1,040 Sq Ft
Three Bedroom
$1,881/month
1,193 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$2,904/month
2,300 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,574/month
1,763 Sq Ft

How much has average rent changed in Cottage Grove, MN?

In the past year, rent has decreased by 1.9%, which averages out to $28 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Cottage Grove, MN
Last Updated January 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Cottage Grove, MN
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
29% $1,001 - $1,500/month
57% $1,501 - $2,000/month
14% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Cottage Grove?

Based on current rent prices, Thompson Grove Estates is the most affordable neighborhood in Cottage Grove.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Thompson Grove Estates
$1,278/month
705 Sq Ft

What are the most expensive neighborhoods in Cottage Grove?

Based on current rent prices, Thompson Grove Estates is the most expensive neighborhood in Cottage Grove.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Thompson Grove Estates
$1,278/month
705 Sq Ft

Which Cottage Grove neighborhoods have the most rentals available?

The neighborhood in Cottage Grove with the most apartments available is Thompson Grove Estates .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Thompson Grove Estates
$1,278/month
705 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Cottage Grove, MN?

Because the average rent in Cottage Grove is $1,480, you’ll want to make about $4,933 per month or $59,196 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Cottage Grove, MN

119 Available Apartments for Rent

Search for Nearby Apartments

How does Cottage Grove, MN compare to other nearby cities and neighborhoods?

Use the tool below to compare Cottage Grove, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Cottage Grove, MN

Apartment Averages

Thompson Grove Estates

Cottage Grove, MN

Thompson Grove Estates

Cottage Grove, MN

Studio
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-
One Bedroom
-
-
Two Bedroom
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-
Three Bedroom
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Search
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Nearby City Rent Trends

  • Inver Grove Heights Average Rent
  • Woodbury Average Rent

Apartment communities in Cottage Grove we think you'll love

The Aurilla Apartments

The Aurilla Apartments

7689 Hardwood Ave S,
Cottage Grove, MN 55016

$1,426 - $3,816 Total Monthly Price

Studio - 3 Beds

ReNew at the Grove

ReNew at the Grove

8120 E Point Douglas Rd S,
Cottage Grove, MN 55016

$1,459 - $2,149 Plus Fees

2 Beds

Bluestem

Bluestem

7601 79th St S,
Cottage Grove, MN 55016

$666 - $1,106 Plus Fees

Studio - 1 Bed

Grove80 Apartments

Grove80 Apartments

7550 80th St,
Cottage Grove, MN 55016

$1,510 - $1,715 Plus Fees

Studio - 3 Beds | 12 Month Lease

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United States Minnesota Cottage Grove Rental Trends

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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity