Capstone Apartments
4710 Matterhorn Cir,
Duluth, MN 55811
Studio - 2 Beds | $1,438 - $2,337
Rental Market Trends in Hermantown, MN
Updated September 2026
The average rent in Hermantown, MN is $1,652/month.
Rent in Hermantown is roughly equal to the national average rent of of $1,664/month.
$1,652/month
Average Rent
654 Sq Ft
Average Size
+0.4%
Change / Year
35
Available Apartments
Hermantown rent varies by unit size and layout:
- Studio apartments in Hermantown average $1,241 per month.
- One-bedroom apartments in Hermantown average $1,652 per month.
- Two-bedroom apartments in Hermantown average $1,891 per month.
- Three-bedroom apartments in Hermantown average $2,004 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Hermantown, MN?
In the past year, rent has increased by 0.4%, which averages out to $7 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Hermantown, MN
September 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
50%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Hermantown?
Based on current rent prices, Airpark is the most affordable neighborhood in Hermantown.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Hermantown?
Based on current rent prices, Airpark is the most expensive neighborhood in Hermantown.
Neighborhood
Average Rent
Average Sq Ft
Which Hermantown neighborhoods have the most rentals available?
The neighborhood in Hermantown with the most apartments available is Airpark .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Hermantown, MN?
Because the average rent in Hermantown is $1,652, you’ll want to make about $5,506 per month or $66,072 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.
How does Hermantown, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Hermantown, 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 Hermantown Area GuideStudio
$1,241/month
$1,241/month
One Bedroom
$1,608/month
$1,608/month
Two Bedroom
$2,103/month
$2,103/month
Three Bedroom
$3,063/month
$3,063/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Hermantown?
The average rent in Hermantown is $1,652 per month, which is 0.7% lower than the national average of $1,664.
Are rents going up or down in Hermantown?
Rents in Hermantown, MN are increasing, with prices up 0.4% year-over-year and $7 more per month.
What rent range is most common in Hermantown?
In Hermantown, MN, 50% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 September 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.