Mounds View, 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 Mounds View, Minnesota rental market.
Mounds View, Minnesota
Average Apartment Rent
$1,395
Y-o-Y Change in Average
Apartment Rent
5.3%
As of May 2026
Compared to a year ago, Mounds View, Minnesota apartments have recorded a 5.3% rent increase.
Mounds View, Minnesota Average apartment rent trend
Mounds View, Minnesota Average Apartment Rent
Mounds View, Minnesota Apartment rent ranges
At 80.06%, apartments priced $1,000 - $1,500 represent the bulk of Mounds View, Minnesota rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.57%.
Mounds View, Minnesota Housing tenure**
Renters take up 33% of Mounds View, Minnesota real estate, occupying a total of 1,706 units, while homeowners live in 3,455 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$50,849
Average household size of renter-occupied housing units**
2.3
Rental vacancy rate**
2.7%
Mounds View, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 902 rentals in Mounds View, Minnesota with 2 beds making up the highest share of the market, at 53%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 54 units. Overall, the median number of rooms in Mounds View, Minnesota homes for rent is 3.8.
Mounds View, Minnesota Renter-occupied units by age of householder**
Most condos for rent in Mounds View, Minnesota are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.
Mounds View, Minnesota Renter-occupied housing units by family type**
Mounds View, Minnesota Renter-occupied housing units by the presence of own children**
A total of 886 apartments for rent in Mounds View, Minnesota, or 52% of all rentals are family households. Additionally, 38% of rental homes include children under the age of 18 – that’s 641 units. All in all, the median size of a renter-occupied household in Mounds View, Minnesota is 2.3.
Mounds View, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Mounds View, Minnesota.
Mounds View, Minnesota Renter-occupied units by year structure built**
The highest share of Mounds View, Minnesota apartment rentals, namely 40% or 683 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (22%, 367 units), and the ones Built 2010 - 2019 (13%, 227 units).
Mounds View, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Mounds View, Minnesota renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Mounds View, Minnesota condos for rent is 2017.
Mounds View, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Mounds View, Minnesota renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 15% have No vehicle available.
Mounds View, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
Mounds View, 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 Mounds View, 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
