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Rental Market Trends in Mound, MN

What is the average rent in Mound, MN?

$1,218/month

Average Rent

715 Sq Ft

Average Apartment Size

-0.1%

Decrease in the Last Year

As of January 2026, the average rent in Mound, MN is $1,218 per month. This is 25% lower than the national average rent of $1,624/month, making renting in Mound more affordable than most cities in the US. When you rent an apartment in Mound, you can expect to pay about $528 per month for a studio, $1,218 for a one-bedroom apartment, and around $1,634 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$528/month
450 Sq Ft
One Bedroom
$1,218/month
715 Sq Ft
Two Bedroom
$1,634/month
1,038 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$4,707/month
2,846 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 Mound, MN?

In the past year, rent has decreased by 0.1%, which averages out to $1 less 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 Mound, MN
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Mound, MN
Percentage*
Rent Range
17% Below $700/month
0% $700 - $1,000/month
50% $1,001 - $1,500/month
17% $1,501 - $2,000/month
17% Above $2,000/month

What salary do I need to live comfortably in Mound, MN?

Because the average rent in Mound is $1,218, you’ll want to make about $4,060 per month or $48,720 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

Mound, MN

89 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Mound, 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

Nearby City Rent Trends

  • Shorewood Average Rent
  • Excelsior Average Rent

Apartment communities in Mound we think you'll love

Harbor District Apartments

Harbor District Apartments

2360 Commerce Blvd,
Mound, MN 55364

$1,425 - $1,825 Plus Fees

1-2 Beds | 12 Month Lease

Minnetonka Edgewater

Minnetonka Edgewater

4177 Shoreline Dr,
Spring Park, MN 55384

$1,250 - $1,950 Plus Fees

1 Bed | 12 Month Lease

Solace on Lake Minnetonka

Solace on Lake Minnetonka

4601 Shoreline Dr,
Spring Park, MN 55384

$842 - $1,062 Plus Fees

1-2 Beds

Villages of Island Park

Villages of Island Park

4451 Wilshire Blvd,
Mound, MN 55364

$2,379 - $2,470 Plus Fees

1-2 Beds

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United States Minnesota Mound 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