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Rental Market Trends in New Prague, MN

What is the average rent in New Prague, MN?

$1,496/month

Average Rent

701 Sq Ft

Average Apartment Size

+0.6%

Increase in the Last Year

As of October 2025, the average rent in New Prague, MN is $1,496 per month. For comparison, the national average rent price in the US is currently $1,630/month, which means New Prague rent prices are 8% lower than the national average. When you rent an apartment in New Prague, you can expect to pay about per month for a studio, $1,496 for a one-bedroom apartment, and around $1,246 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,451 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,496/month
701 Sq Ft
Two Bedroom
$1,246/month
793 Sq Ft
Three Bedroom
$1,451/month
566 Sq Ft
Floor Plan Type
Average Rent
Average 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 New Prague, MN?

In the past year, rent has increased by 0.6%, which averages out to $10 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 October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in New Prague, MN
Last Updated October 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in New Prague, MN
Percentage*
Rent Range
0% Below $700/month
33% $700 - $1,000/month
0% $1,001 - $1,500/month
67% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in New Prague is $1,496, you’ll want to make about $4,986 per month or $59,832 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

New Prague, MN

23 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare New Prague, 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.

Explore the Area Guide for New Prague, MN

Apartment Averages

Nearby City Rent Trends

  • Jordan Average Rent
  • Prior Lake Average Rent
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Apartment communities in New Prague we think you'll love

Bohemia Flats

Bohemia Flats

102 Chalupsky Ave SE,
New Prague, MN 56071

$1,400 - $2,300 Plus Fees

1-2 Beds | 12 Month Lease

East Gate Estates

East Gate Estates

1200 4th St NE,
New Prague, MN 56071

$1,429 - $1,650 Plus Fees

2-3 Beds

Philipp Square Senior Apartments 55+

Philipp Square Senior Apartments 55+

116 1st Ave NW,
New Prague, MN 56071

$1,063 Plus Fees

1 Bed | 12 Month Lease

805 Horizon Dr SE

805 Horizon Dr SE

805 Horizon Dr SE,
New Prague, MN 56071

$1,850

2 Beds

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United States Minnesota New Prague 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