Q:

What is the average cost of renting a home in Minnesota as of 2015?

A:

Quick Answer

As of 2015, the average rent expense in Minnesota ranges from $660 per month to $1,022 per month. Rent costs vary depending on the county where the rental is located.

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Full Answer

At approximately $660 per month, Becker, Big Stone, Brown, Chippewa and Cottonwood counties offer the lowest average rent according to the Minnesota Department of Employment and Economic Development. Some of the more expensive counties include Anoka, Carver, Chisago, Dakota and Hennepin, where rent averages $1,022.

Aside from location, other factors play a role in rental costs. Rent typically increases during the summer, when more people, especially students who have recently graduated or are moving out to be on their own, are looking to move. In the colder months, rent is lower. Additionally, signing a lease at the end of the month can lower the monthly rent because landlords are desperate to fill empty apartments and may offer a discounted rental rate.

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