Last updated on June 15, 2026

Average rent in
Montgomery, MN

Median rent

Median rent in Montgomery

$1,457/mo

increased by67%

vs previous year

The average rent in Montgomery is $1,457 per month as of June 2026. This is 25% below the national average rent, or $492 less per month.

$1.82

average price per square foot

Total rentals

Available rentals in Montgomery

13

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Montgomery rentals at each price point

90%68%45%23%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Montgomery, MN, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Montgomery, MN

Average rent prices in Montgomery have increased by 8% over the last month and have increased by 67% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Montgomery, MN

Rent prices in Montgomery vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Montgomery is $1,100, whereas a house costs $2,710. 1-bedroom apartments in Montgomery run $1,150 on average, while 2-bedroom apartments are $1,050.

Listings

Studio

$1,250

-

-

1 bedroom

$1,100

No Change

22%

2 bedroom

$1,450

8%

44%

3 bedroom

$1,700

2%

-

4 bedroom

$2,995

No Change

-

Studio

Average rent

$1,250

1 bedroom

Average rent

$1,100

Last 30 days

No Change

Last year

22%

2 bedroom

Average rent

$1,450

Last 30 days

8%

Last year

44%

3 bedroom

Average rent

$1,700

Last 30 days

2%

4 bedroom

Average rent

$2,995

The table above reflects average rent prices in Montgomery, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Montgomery, MN compare to other cities?

Compare median rent prices in Montgomery and Austin by all bedroom counts and property types.

Montgomery

Median rent price$1,457
decreased by25%

lower than the national median

Median rent price$1,012
decreased by48%

lower than the national median

Takeaway

The median rent for all rentals in Montgomery, MN is 44% higher than the median rent in Austin, MN.

Stay up to date with rental market insights

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Frequently asked questions for Montgomery, MN

Quick answers to common questions about the Montgomery rental market.

How much is rent in Montgomery?

The average rent in Montgomery is $1,457 per month as of June 13, 2026.

Is rent up or down in Montgomery?

Average rent prices in Montgomery have increased by 8% over the last month and have increased by 67% since last year.

How does Montgomery rent compare to the national average?

Rent in Montgomery is 25% below the national average, which means renters are paying approximately $492 less per month.

What salary do I need to afford rent in Montgomery?

To comfortably afford rent in Montgomery, you'd need to earn approximately $58,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Montgomery?

Montgomery offers good options for pet owners, with 60% of available listings welcoming pets. This makes pet-friendly policies one of the most common amenities in the local rental market, appearing in approximately 3 listings per month on average.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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