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Rental Market Trends in Ham Lake, MN

What is the average rent in Ham Lake, MN?

$724/month

Average Rent

750 Sq Ft

Average Apartment Size

+1.1%

Increase in the Last Year

As of January 2026, the average rent in Ham Lake, MN is $724 per month. This is 55% lower than the national average rent of $1,624/month, making renting in Ham Lake more affordable than most cities in the US. When you rent an apartment in Ham Lake, you can expect to pay about $581 per month for a studio, $724 for a one-bedroom apartment, and around $881 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,837 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$581/month
600 Sq Ft
One Bedroom
$724/month
750 Sq Ft
Two Bedroom
$881/month
1,000 Sq Ft
Three Bedroom
$1,837/month
0 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$3,380/month
2,695 Sq Ft
Four Bedroom
$3,877/month
2,768 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 Ham Lake, MN?

In the past year, rent has increased by 1.1%, which averages out to $9 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 January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Ham Lake, MN
Last Updated January 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Ham Lake, MN
Percentage*
Rent Range
0% Below $700/month
100% $700 - $1,000/month
0% $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 Ham Lake, MN?

Because the average rent in Ham Lake is $724, you’ll want to make about $2,413 per month or $28,956 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

Ham Lake, MN

46 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Ham Lake, 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 Ham Lake, MN

Apartment Averages

Nearby City Rent Trends

  • Blaine Average Rent
  • Andover Average Rent
  • East Bethel Average Rent

Apartment communities in Ham Lake we think you'll love

East Bethel Village

East Bethel Village

1280 185th Ave NE,
East Bethel, MN 55011

$1,330 - $1,680 Plus Fees

1-3 Beds

Emberwood

Emberwood

12664 Central Ave NE,
Blaine, MN 55434

$1,929 - $6,114 Total Monthly Price

1-3 Beds

Westminster Apartments

Westminster Apartments

12861 Central Ave NE,
Blaine, MN 55434

$1,307 - $1,858 Total Monthly Price

1-3 Beds | 12 Month Lease

The Willows of Ham Lake Senior Community 55+

The Willows of Ham Lake Senior Community 55+

845 Bunker Lake Blvd,
Ham Lake, MN 55304

Call for Rent

Studio | 12 Month Lease

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United States Minnesota Ham Lake 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