Savanna Vista
9277 NE Edmonson Ave,
Monticello, MN 55362
Studio - 2 Beds | $1,395 - $2,150
Rental Market Trends in Monticello, MN
Updated September 2026
The average rent in Monticello, MN is $1,387/month.
Rent in Monticello is 17% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$1,387/month
Average Rent
780 Sq Ft
Average Size
-1%
Change / Year
74
Available Apartments
Monticello rent varies by unit size and layout:
- Studio apartments in Monticello average $1,367 per month.
- One-bedroom apartments in Monticello average $1,387 per month.
- Two-bedroom apartments in Monticello average $1,664 per month.
- Three-bedroom apartments in Monticello average $1,919 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Monticello, MN?
In the past year, rent has decreased by 1%, which averages out to $13 less per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Monticello, MN
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
62%
$1,001 - $1,500/month
38%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Monticello, MN?
Because the average rent in Monticello is $1,387, you’ll want to make about $4,623 per month or $55,476 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 Monticello, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Monticello, 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 Monticello Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Big Lake
Avg Rent: $1,175/month
-
Becker
Avg Rent: $1,241/month
-
Albertville
Avg Rent: $1,311/month
-
Otsego
Avg Rent: $1,582/month
-
Buffalo
Avg Rent: $1,124/month
-
Saint Michael
Avg Rent: $1,574/month
-
Elk River
Avg Rent: $1,224/month
Apartment Communities in Monticello We Think You'll Love
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Frequently Asked Questions
What is the average rent in Monticello?
The average rent in Monticello is $1,387 per month, which is 16.6% lower than the national average of $1,664.
Are rents going up or down in Monticello?
Rents in Monticello, MN are decreasing, with prices down 1.0% year-over-year and $13 less per month.
What rent range is most common in Monticello?
In Monticello, MN, 62% of apartments fall between $1,001 - $1,500/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.