Apartments in 55734

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4
$950 - 1,135
100 N Van Buren Ave Eveleth, MN
1 - 2 BR | Jun. 16, 2024
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How much does it cost to rent an apartment in 55734?

55734 apartments
Bed Type Average Rent Range
1BR $950 $950 - $950
2BR $1,110 $1,080 - $1,140
Find an Apartment in 55734
Looking for apartments for rent in 55734 Eveleth, MN? You're in luck! Rentable currently has a total of 5 units available for rent in this area. The average rent for apartments in 55734 is $950, and you can find 1-bedroom units starting at $950.

Eveleth, MN is a charming city with plenty of nearby points of interest and community amenities. Just a short drive away, you'll find beautiful parks such as Mesabi Trail and Leonidas Overlook. These parks are perfect for outdoor enthusiasts and provide scenic views for nature lovers. Additionally, there are various community amenities in the area, including grocery stores, shopping centers, and restaurants.

If you're in search of apartments near 55734, Rentable is the perfect place to start your search. We offer a wide range of rental options to suit your needs and preferences. Explore our listings today and find the perfect apartment in Eveleth, MN that fits your budget and lifestyle.

Eveleth:
June Rent Report

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

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Eveleth 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 Eveleth average rent prices in the chart below.

Monthly Rent Report

$1,050
$790
$530
$260
$0
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
1 BR       2 BR

Eveleth Rent Prices Increase From May to June

Eveleth rent prices increased over the last month. From May to June, the city experienced a 22.79% increase for the price of a one-bedroom apartment. The rent price for a Eveleth one-bedroom apartments currently stands at $819.0.

When we take a look at the two-bedroom comparison from May to June, Eveleth experienced a 33.66% increase for the price of a two-bedroom apartment. The rent price for a Eveleth two-bedroom apartments currently stands at $969.0.

June Prices: Eveleth vs. Surrounding Areas

Rent Prices in Eveleth and Surrounding Areas

Rent prices have increased in Eveleth 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 Eveleth 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 Eveleth suburbs

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

June 2024 Pricing Trends: Eveleth vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,259
$1,203
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Eveleth Rent Prices More Affordable Than Major Cities

Rent growth in Eveleth 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, Eveleth average rent prices appear to be relatively affordable for local residents.

The price for a Eveleth 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 Eveleth and surrounding area rent prices, take a look at the complete data set below.

Data set for Eveleth and suburbs

1 BR June 1 BR M/M % Change 2 BR June 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.