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Rental Market Trends in Mound, MN

What is the average rent in Mound, MN?

$1,225/month

Average Rent

715 Sq Ft

Average Apartment Size

+12.1%

Increase in the Last Year

As of September 2025, the average rent in Mound, MN is $1,225 per month. This is 25% lower than the national average rent of $1,639/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 $526 per month for a studio, $1,225 for a one-bedroom apartment, and around $1,648 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
$526/month
450 Sq Ft
One Bedroom
$1,225/month
715 Sq Ft
Two Bedroom
$1,648/month
1,022 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$3,405/month
1,730 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 increased by 12.1%, which averages out to $148 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 September 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Mound?

Based on current rent prices, Lake Side Park Crockers and Seton Place" are the most affordable neighborhoods in Mound.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Lake Side Park Crockers
$1,299/month
729 Sq Ft
Seton Place
$1,401/month
712 Sq Ft

What are the most expensive neighborhoods in Mound?

Based on current rent prices, Seton Place and Lake Side Park Crockers" are the most expensive neighborhoods in Mound.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Seton Place
$1,401/month
712 Sq Ft
Lake Side Park Crockers
$1,299/month
729 Sq Ft

Which Mound neighborhoods have the most rentals available?

The neighborhoods in Mound with the most apartments available are Seton Place and Lake Side Park Crockers" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Seton Place
$1,401/month
712 Sq Ft
Lake Side Park Crockers
$1,299/month
729 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Mound is $1,225, you’ll want to make about $4,083 per month or $48,996 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

68 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

Lake Side Park Crockers

Mound, MN

Seton Place

Mound, MN

Studio
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-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

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

$1,395 - $1,495

1 Bed

Minnetonka Edgewater

Minnetonka Edgewater

4177 Shoreline Dr,
Spring Park, MN 55384

$1,150 - $1,950

Studio - 1 Bed

Lakecrest Apartments

Lakecrest Apartments

5600 Grandview Blvd,
Mound, MN 55364

$1,299 - $1,599

1-2 Beds

Shoreline Place

Shoreline Place

5000-5028 Shoreline Dr,
Mound, MN 55364

$1,059 - $1,300

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity