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Rental Market Trends in New Prague, MN

Updated August 2026

The average rent in New Prague, MN is $1,543/month.

Rent in New Prague is roughly equal to the national average rent of of $1,664/month.

$1,543/month

Average Rent

710 Sq Ft

Average Size

-0.2%

Change / Year

30

Available Apartments

New Prague rent varies by unit size and layout:

  • Studio apartments in New Prague average per month.
  • One-bedroom apartments in New Prague average $1,543 per month.
  • Two-bedroom apartments in New Prague average $1,250 per month.
  • Three-bedroom apartments in New Prague average $1,471 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,543/month
710 Sq Ft
Two Bedroom
$1,250/month
794 Sq Ft
Three Bedroom
$1,471/month
1,091 Sq Ft
View New Prague Apartments

How much has average rent changed in New Prague, MN?

In the past year, rent has decreased by 0.2%, which averages out to $2 less per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in New Prague, MN

August 2026
$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 $1,543, you’ll want to make about $5,143 per month or $61,716 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

30 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.

View the New Prague Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Jordan

    Jordan

    Avg Rent: $1,460/month

  • Belle Plaine

    Belle Plaine

    Avg Rent: $1,375/month

  • Elko New Market

    Elko New Market

    Avg Rent: $1,451/month

  • Prior Lake

    Prior Lake

    Avg Rent: $1,507/month

  • Carver

    Carver

    Avg Rent: $987/month

Apartment Communities in New Prague We Think You'll Love

Bohemia Flats

Bohemia Flats

102 Chalupsky Ave SE,
New Prague, MN 56071

1-2 Beds | $1,400 - $2,300

East Gate Estates

East Gate Estates

1200 4th St NE,
New Prague, MN 56071

2-3 Beds | $1,469 - $1,694

Maple Acres Apartments

Maple Acres Apartments

255 Maple Ln Se,
New Prague, MN 56071

3 Beds | $1,250

Parkside Apartments

Parkside Apartments

310 6th Ave NW,
New Prague, MN 56071

1-2 Beds | $1,050 - $1,200

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Frequently Asked Questions

What is the average rent in New Prague?

The average rent in New Prague is $1,543 per month, which is 7.3% lower than the national average of $1,664.

Are rents going up or down in New Prague?

Rents in New Prague, MN are decreasing, with prices down 0.2% year-over-year and $2 less per month.

What rent range is most common in New Prague?

In New Prague, MN, 67% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

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 June 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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity