Last updated on September 14, 2026

Average rent in
Montgomery, MN

Median rent

Median rent in Montgomery

$1,410/mo

increased by48%

vs previous year

The average rent in Montgomery is $1,410 per month as of September 2026. This is 26% below the national average rent, or $490 less per month.

$1.42

average price per square foot

Total rentals

Available rentals in Montgomery

12

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Montgomery rentals at each price point

75%56%38%19%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 14% over the last month and have increased by 48% 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 $1,230, whereas a house costs $2,250. 1-bedroom apartments in Montgomery run $975 on average, while 2-bedroom apartments are $1,050.

Listings

Studio

$1,195

-

-

1 bedroom

$1,185

No Change

48%

2 bedroom

$1,250

8%

15%

3 bedroom

$1,697

No Change

44%

4 bedroom

$2,500

No Change

275%

Studio

Average rent

$1,195

1 bedroom

Average rent

$1,185

Last year

48%

2 bedroom

Average rent

$1,250

Last 30 days

8%

Last year

15%

3 bedroom

Average rent

$1,697

Last year

44%

4 bedroom

Average rent

$2,500

Last year

275%

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$1,410
decreased by26%

lower than the national median

Median rent price$995
decreased by48%

lower than the national median

Takeaway

The median rent for all rentals in Montgomery, MN is 42% higher than the median rent in Austin, MN.

Discover rentals in Montgomery, MN

400 N Welco Dr Apt M2 #M2 - Photo 1 of 1

5d+ ago

Apartment for rent in Montgomery

2 beds

1 bath

$1,050

488 N Welco Dr #24 - Photo 1 of 1

5d+ ago

Apartment for rent in Montgomery

3 beds

1 bath

$1,125

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 $1,410 per month as of September 12, 2026.

Is rent up or down in Montgomery?

Average rent prices in Montgomery have increased by 14% over the last month and have increased by 48% since last year.

How does Montgomery rent compare to the national average?

Rent in Montgomery is 26% below the national average, which means renters are paying approximately $490 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 $56,000/year, based on spending no more than 30% of your income on rent.

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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