Cottage Grove, Minnesota Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Cottage Grove, Minnesota rental market.
Cottage Grove, Minnesota
Average Apartment Rent
$1,808
Y-o-Y Change in Average
Apartment Rent
1.9%
As of March 2026
Compared to a year ago, Cottage Grove, Minnesota apartments have recorded a 1.9% rent increase.
Cottage Grove, Minnesota Average apartment rent trend
Cottage Grove, Minnesota Average Apartment Rent
Cottage Grove, Minnesota Apartment rent ranges
At 60.21%, apartments priced $1,500 - $2,000 represent the bulk of Cottage Grove, Minnesota rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.17%.
Cottage Grove, Minnesota Housing tenure**
Renters take up 12% of Cottage Grove, Minnesota real estate, occupying a total of 1,570 units, while homeowners live in 11,624 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$74,167
Average household size of renter-occupied housing units**
2.66
Rental vacancy rate**
2.4%
Cottage Grove, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 578 rentals in Cottage Grove, Minnesota with 2 beds making up the highest share of the market, at 37%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 21 units. Overall, the median number of rooms in Cottage Grove, Minnesota homes for rent is 4.6.
Cottage Grove, Minnesota Renter-occupied units by age of householder**
Most condos for rent in Cottage Grove, Minnesota are occupied by residents in the 35 - 44 years age group (24%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.
Cottage Grove, Minnesota Renter-occupied housing units by family type**
Cottage Grove, Minnesota Renter-occupied housing units by the presence of own children**
A total of 792 apartments for rent in Cottage Grove, Minnesota, or 50% of all rentals are family households. Additionally, 37% of rental homes include children under the age of 18 – that’s 578 units. All in all, the median size of a renter-occupied household in Cottage Grove, Minnesota is 2.66.
Cottage Grove, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Cottage Grove, Minnesota.
Cottage Grove, Minnesota Renter-occupied units by year structure built**
The highest share of Cottage Grove, Minnesota apartment rentals, namely 23% or 356 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (21%, 331 units), and the ones Built 1960 - 1969 (14%, 227 units).
Cottage Grove, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Cottage Grove, Minnesota renters (53%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Cottage Grove, Minnesota condos for rent is 2017.
Cottage Grove, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Cottage Grove, Minnesota renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 16% have No vehicle available.
Cottage Grove, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
Cottage Grove, Minnesota Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cottage Grove, Minnesota apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
