Average Rent in Montgomery, MN and Rent Price Trends

Rent trends in Montgomery, MN

Average rent prices in Montgomery have decreased by 47% over the last month and have increased by 45% 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 $1,250, whereas a house costs $2,250. 1-bedroom apartments in Montgomery run $925 on average, while 2-bedroom apartments are $975.


Studio	$1,250	-	-
1 bedroom	$1,175	No Change	54%
2 bedroom	$1,295	No Change	-
3 bedroom	$1,822	No Change	-
4 bedroom	$2,650	No Change	-


Apartments	$1,250	No Change	No Change
Condos	$1,295	-	No Change
Houses	$2,250	No Change	No Change

Studio

Average rent

$1,250

1 bedroom

Average rent

$1,175

Last year

54%

2 bedroom

Average rent

$1,295

3 bedroom

Average rent

$1,822

4 bedroom

Average rent

$2,650

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$1,272

34%

lower than the national median

Median rent price$995

48%

lower than the national median

Takeaway

The median rent for all rentals in Montgomery, MN is 28% higher than the median rent in Austin, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$995

$1,600

$1,650

$1,425

$1,395

Norwood Young America

$2,095

$1,292

$2,050

$1,302

$1,350

$1,825

$1,736

Discover rentals in Montgomery, MN

5d+ ago

Apartment for rent in Montgomery

1 bed

1 bath

$925

Apartment for rent

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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 $1,272 per month as of July 25, 2026.

Is rent up or down in Montgomery?

Average rent prices in Montgomery have decreased by 47% over the last month and have increased by 45% since last year.

How does Montgomery rent compare to the national average?

Rent in Montgomery is 34% below the national average, which means renters are paying approximately $657 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 $51,000/year, based on spending no more than 30% of your income on rent.

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

Based on our current listings, 60% of Montgomery rentals welcome pets, which works out to about 3 pet-friendly apartments each month across the city's average of 5 available units.

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).