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Rental Market Trends in Eveleth, MN

Updated August 2026

The average rent in Eveleth, MN is $877/month.

Rent in Eveleth is 47% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$877/month

Average Rent

595 Sq Ft

Average Size

-0%

Change / Year

13

Available Apartments

Eveleth rent varies by unit size and layout:

  • Studio apartments in Eveleth average per month.
  • One-bedroom apartments in Eveleth average $877 per month.
  • Two-bedroom apartments in Eveleth average $1,056 per month.
  • Three-bedroom apartments in Eveleth average or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$877/month
595 Sq Ft
Two Bedroom
$1,056/month
847 Sq Ft
View Eveleth Apartments

How much has average rent changed in Eveleth, MN?

Rents have remained stable over the past year, with little overall movement.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Eveleth, MN

August 2026
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 $877, you’ll want to make about $2,923 per month or $35,076 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

13 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

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Virginia

    Virginia

    Avg Rent: $826/month

  • Mountain Iron

    Mountain Iron

    Avg Rent: $830/month

  • Biwabik

    Biwabik

    Avg Rent: $800/month

  • Aurora

    Aurora

    Avg Rent: $715/month

  • Chisholm

    Chisholm

    Avg Rent: $685/month

  • Hibbing

    Hibbing

    Avg Rent: $718/month

Apartment Communities in Eveleth We Think You'll Love

Eastview Apartments

Eastview Apartments

100 N Van Buren Ave,
Eveleth, MN 55734

1-2 Beds | $1,010 - $1,200

Hilltop Manor

Hilltop Manor

100 McKinley Ave,
Eveleth, MN 55734

1 Bed | $940

Park Apartments

Park Apartments

222 Adams Ave,
Eveleth, MN 55734

1-2 Beds | $525 - $625

City View Apartments

City View Apartments

400 1st Ave SW,
Chisholm, MN 55719

1-2 Beds | $1,350

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Frequently Asked Questions

What is the average rent in Eveleth?

The average rent in Eveleth is $877 per month, which is 47.3% lower than the national average of $1,663.

Are rents going up or down in Eveleth?

Rents in Eveleth, MN are relatively stable, with minimal month-over-month change.

What rent range is most common in Eveleth?

In Eveleth, MN, 33% of apartments fall below $700/month, though prices may vary depending on location and other factors.

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 June 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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity