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Rental Market Trends in Ham Lake, MN

Updated July 2026

The average rent in Ham Lake, MN is $730/month.

Rent in Ham Lake is 56% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.

$730/month

Average Rent

750 Sq Ft

Average Size

+1.3%

Change / Year

41

Available Apartments

Ham Lake rent varies by unit size and layout:

  • Studio apartments in Ham Lake average $586 per month.
  • One-bedroom apartments in Ham Lake average $730 per month.
  • Two-bedroom apartments in Ham Lake average $887 per month.
  • Three-bedroom apartments in Ham Lake average $1,851 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$586/month
600 Sq Ft
One Bedroom
$730/month
750 Sq Ft
Two Bedroom
$887/month
1,000 Sq Ft
Three Bedroom
$1,851/month
0 Sq Ft
View Ham Lake Apartments

How much has average rent changed in Ham Lake, MN?

In the past year, rent has increased by 1.3%, which averages out to $10 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Ham Lake, MN

July 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 $730, you’ll want to make about $2,433 per month or $29,196 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

Ham Lake, MN

41 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.

View the Ham Lake Area Guide

Apartment Averages

Compare Rent Trends Nearby

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

  • Blaine

    Blaine

  • Coon Rapids

    Coon Rapids

Apartment Communities in Ham Lake We Think You'll Love

East Bethel Village

East Bethel Village

1280 185th Ave NE,
East Bethel, MN 55011

1-3 Beds | $1,175 - $1,825

Emberwood

Emberwood

12664 Central Ave NE,
Blaine, MN 55434

1-3 Beds | $1,638 - $2,221

Westminster Apartments

Westminster Apartments

12861 Central Ave NE,
Blaine, MN 55434

2-3 Beds | $1,430 - $1,850

The Willows of Ham Lake Senior Community 55+

The Willows of Ham Lake Senior Community 55+

845 Bunker Lake Blvd,
Ham Lake, MN 55304

Studio | Call for Rent

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Frequently Asked Questions

What is the average rent in Ham Lake?

The average rent in Ham Lake is $730 per month, which is 56.1% lower than the national average of $1,662.

Are rents going up or down in Ham Lake?

Rents in Ham Lake, MN are increasing, with prices up 1.3% year-over-year and $10 more per month.

What rent range is most common in Ham Lake?

In Ham Lake, MN, 100% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

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 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