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Rental Market Trends in Perham, MN

What is the average rent in Perham, MN?

$1,033/month

Average Rent

661 Sq Ft

Average Apartment Size

+5.3%

Increase in the Last Year

As of May 2026, the average rent in Perham, MN is $1,033 per month. This is 37% lower than the national average rent of $1,643/month, making renting in Perham more affordable than most cities in the US. When you rent an apartment in Perham, you can expect to pay about per month for a studio, $1,033 for a one-bedroom apartment, and around $1,336 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,525 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,033/month
661 Sq Ft
Two Bedroom
$1,336/month
973 Sq Ft
Three Bedroom
$1,525/month
1,164 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 Perham, MN?

In the past year, rent has increased by 5.3%, which averages out to $55 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 May 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Perham, MN
Last Updated May 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Perham, MN
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
100% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Perham is $1,033, you’ll want to make about $3,443 per month or $41,316 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

Perham, MN

1 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Perham, 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

  • Detroit Lakes Average Rent

Apartment communities in Perham we think you'll love

812 7th St SW

812 7th St SW

812 7th St SW,
Perham, MN 56573

$3,750 Plus Fees

3 Beds

Highland Lakeview Apartments Available for Rent

Highland Lakeview Apartments Available for Rent

1321 Highland Dr,
Detroit Lakes, MN 56501

$1,850 - $2,500 Plus Fees

1-2 Beds

South Point Apartments

South Point Apartments

602 South Point Dr,
New York Mills, MN 56567

$1,205 - $1,550 Plus Fees

1-3 Beds

Pelican Heights Apartments

Pelican Heights Apartments

602 Riverwood Dr,
Detroit Lakes, MN 56501

$935 - $1,190 Plus Fees

1-3 Beds | 6 Month Lease

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United States Minnesota Perham 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 February 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