Average Rent in Waite Park, MN and Rent Price Trends

Rent trends in Waite Park, MN

Average rent prices in Waite Park have increased by 3% over the last month and have increased by 3% 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
Waite Park, MN

Rent prices in Waite Park vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Waite Park is $950, whereas a house costs $2,075. 1-bedroom apartments in Waite Park run $825 on average, while 2-bedroom apartments are $950.


Studio	$1,025	-	13%
1 bedroom	$850	4%	20%
2 bedroom	$950	1%	8%
3 bedroom	$1,775	12%	56%
4 bedroom	$1,355	6%	53%

				Listings
Apartments	$950	4%	11%
Houses	$2,075	1%	7%

Studio

Average rent

$1,025

Last year

13%

1 bedroom

Average rent

$850

Last 30 days

Last year

20%

2 bedroom

Average rent

$950

Last 30 days

Last year

3 bedroom

Average rent

$1,775

Last 30 days

12%

Last year

56%

4 bedroom

Average rent

$1,355

Last 30 days

Last year

53%

The table above reflects average rent prices in Waite Park, 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 Waite Park, MN compare to other cities?

Compare median rent prices in Waite Park and Albany by all bedroom counts and property types.

Waite Park

Median rent price$950

50%

lower than the national median

Median rent price$1,245

34%

lower than the national median

Takeaway

The median rent for all rentals in Waite Park, MN is 24% lower than the median rent in Albany, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,245

$1,525

$929

$1,895

$1,300

$1,235

$1,662

$1,010

$1,345

$1,501

$1,137

$950

Discover rentals in Waite Park, MN

1d ago

8.2

Very good

Vue Pointe Apartments

3009 1st St S, Waite Park, MN 56387

2–3 beds

2 baths

$660–$1,590

7h ago

8.3

Very good

30 15th Ave N

30 15th Ave N, Waite Park, MN 56387

1–2 beds

1 bath

$825–$1,000

2d ago

8.4

Very good

601 7th St S

601 7th St S, Waite Park, MN 56387

2 beds

1 bath

$850

1d ago

8.3

Very good

38 Oxby Lane

38 Oxby Ln, Waite Park, MN 56387

2 beds

1 bath

$900

18h ago

Apartment for rent in Waite Park

Waite Park Crossing 330-121

330 2nd Ave S #121, Waite Park, MN 56387

3 beds

2 baths

$1,385

Stay up to date with rental market insights

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Frequently asked questions for Waite Park, MN

Quick answers to common questions about the Waite Park rental market.

How much is rent in Waite Park?

The average rent in Waite Park is $950 per month as of October 17, 2026.

Is rent up or down in Waite Park?

Average rent prices in Waite Park have increased by 3% over the last month and have increased by 3% since last year.

How does Waite Park rent compare to the national average?

Rent in Waite Park is 50% below the national average, which means renters are paying approximately $950 less per month.

What salary do I need to afford rent in Waite Park?

To comfortably afford rent in Waite Park, you'd need to earn approximately $38,000/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).