Rental Market Trends in Wells, MN

Q: What is the average rent in Wells, MN?

As of May 2025, the average rent in Wells, MN was -.

What is the average rent in Wells, MN?

Average Rent

Average Apartment Size

As of May 2025, the average rent in Wells, MN is - per month. When you rent an apartment in Wells, you can expect to pay about per month for a studio, for a one-bedroom apartment, and around $472 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

Two Bedroom

$472/month

0 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 Wells, MN?

Percentage*

Rent Range

0% Below $700/month

0% $700 - $1,000/month

0% $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 Wells, MN?

Because the average rent in Wells is -, you’ll want to make about per month or 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.

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

Use the tool below to compare Wells, 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

Albert Lea Average Rent

Apartment communities in Wells we think you'll love

225 1st St SW

225 1st St SW,
Wells, MN 56097

2 Beds | $700

109 4th Ave SE

109 4th Ave SE,
Mapleton, MN 56065

1 Bed | $625

719 Cedar Ave

719 Cedar Ave,
Albert Lea, MN 56007

2 Beds | $650

Lakeview Apartments

750 E Front St,
Albert Lea, MN 56007

1-2 Beds | $1,195 - $1,350

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United States Minnesota Wells 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 2025.

* Percentages may not total 100 due to rounding.