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Apartments in Montevideo

1 - 6 of 6 Results
15
$590 - 674
Burnsdale 2 Apartments
1324 Black Oak Ave Montevideo, MN
1 BR | Available Now
Contact
Heat Included
Senior Community
12
$525
Heritage Acres
150 Wayne St Maynard, MN
2 BR | Available Now
Contact
1
$859 - 1,099
Northdale Estates
Deal
3.4
1204 Benson Road Montevideo, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
11
$850
402 Wolfe Ave Unit 1
Montevideo, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
22
$750
402 Wolfe Ave Unit 2
Montevideo, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Dishwasher
2
$675
Wildwood Apartments
215 S 5th St Montevideo, MN
1 BR | Ask for Availability
Contact
Storage
Disability Access
1 - 6 of 6 Results
  1. Home
  2. Montevideo

How much does it cost to rent an apartment in Montevideo?

Montevideo Apartments
Bed Type Average Rent Range
1BR $680 $680 - $680
2BR $750 $530 - $850
3BR $860 $860 - $1,100
Frequently Asked Questions

How many apartments are available in Montevideo, MN on Rentable.co?

Rentable.co has over 78 apartments available in Montevideo.

What is the average rent for a one-bedroom apartment in Montevideo, MN?

The average rent for a one-bedroom apartment in Montevideo is around $680 per month.

What is the average rent for a two-bedroom apartment in Montevideo, MN?

The average rent for a two-bedroom apartment in Montevideo is around $750 per month.

How expensive is it to rent an apartment in Montevideo, MN?

For a two-bedroom apartment in Montevideo, the average rent price is $750 per month, which is lower than the national average of $1,620 per month.

Can I afford an apartment for rent in Montevideo, MN?

Based on average rent prices in Montevideo, to afford a one-bedroom apartment you would need an annual household income of $27,000 to live comfortably.

Montevideo:
May Rent Report

Welcome to the May 2024 Montevideo Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Montevideo rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Montevideo and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Montevideo average rent prices in the chart below.

Monthly Rent Report

$900
$680
$450
$230
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Montevideo Rent Prices Increase From April to May

Montevideo rent prices increased over the last month. From April to May, the city experienced a 7.21% increase for the price of a one-bedroom apartment. The rent price for a Montevideo one-bedroom apartments currently stands at $639.0.

When we take a look at the two-bedroom comparison from April to May, Montevideo experienced a 1.45% increase for the price of a two-bedroom apartment. The rent price for a Montevideo two-bedroom apartments currently stands at $837.0.

May Prices: Montevideo vs. Surrounding Areas

Rent Prices in Montevideo and Surrounding Areas

Rent prices have increased in Montevideo over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Montevideo suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Montevideo suburbs

  • Rents did not decrease in any of the Montevideo suburbs.

May 2024 Pricing Trends: Montevideo vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Montevideo Rent Prices More Affordable Than Major Cities

Rent growth in Montevideo over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Montevideo average rent prices appear to be relatively affordable for local residents.

The price for a Montevideo one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Montevideo and surrounding area rent prices, take a look at the complete data set below.

Data set for Montevideo and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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