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Rental Market Trends in Eveleth, MN

What is the average rent in Eveleth, MN?

$844/month

Average Rent

595 Sq Ft

Average Apartment Size

+3%

Increase in the Last Year

As of May 2025, the average rent in Eveleth, MN is $844 per month. This is 48% lower than the national average rent of $1,625/month, making renting in Eveleth more affordable than most cities in the US. When you rent an apartment in Eveleth, you can expect to pay about per month for a studio, $844 for a one-bedroom apartment, and around $1,023 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$844/month
595 Sq Ft
Two Bedroom
$1,023/month
847 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Eveleth, MN?

In the past year, rent has increased by 3%, which averages out to $26 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Eveleth, MN
Last Updated May 2025
Below $701
Most rental prices fall within this range
Rent Ranges in Eveleth, MN
Percentage*
Rent Range
33% Below $700/month
33% $700 - $1,000/month
33% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Eveleth is $844, you’ll want to make about $2,813 per month or $33,756 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

Eveleth, MN

6 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Eveleth, 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.

Apartment Averages

Nearby City Rent Trends

  • Virginia Average Rent
  • Mountain Iron Average Rent
  • Hibbing Average Rent

Apartment communities in Eveleth we think you'll love

Eastview Apartments

Eastview Apartments

100 N Van Buren Ave,
Eveleth, MN 55734

1-2 Beds | $990 - $1,120

722 Harrison St

722 Harrison St

722 Harrison St,
Eveleth, MN 55734

2 Beds | $950

1 Cuyuna Dr

1 Cuyuna Dr

1 Cuyuna Dr,
Virginia, MN 55792

3 Beds | $1,100

Meadowbrook Apartments

Meadowbrook Apartments

8392 Jasmine St,
Virginia, MN 55792

1 Bed | $795 - $900

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United States Minnesota Eveleth 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 February 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity