Big Lake, 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 Big Lake, Minnesota rental market.
Big Lake, Minnesota
Average Apartment Rent
$1,407
Y-o-Y Change in Average
Apartment Rent
Infinity%
As of March 2026
Compared to a year ago, Big Lake, Minnesota apartments have recorded a Infinity% rent increase.
Big Lake, Minnesota Average apartment rent trend
Big Lake, Minnesota Average Apartment Rent
Big Lake, Minnesota Apartment rent ranges
At 58.47%, apartments priced $1,500 - $2,000 represent the bulk of Big Lake, Minnesota rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 41.53%.
Big Lake, Minnesota Housing tenure**
Renters take up 15% of Big Lake, Minnesota real estate, occupying a total of 575 units, while homeowners live in 3,340 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$50,875
Average household size of renter-occupied housing units**
2.38
Big Lake, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 244 rentals in Big Lake, Minnesota with 2 beds making up the highest share of the market, at 42%. Units with 4 beds, on the other hand, hold the lowest percentage (17%), amounting to 100 units. Overall, the median number of rooms in Big Lake, Minnesota homes for rent is 4.2.
Big Lake, Minnesota Renter-occupied units by age of householder**
Most condos for rent in Big Lake, Minnesota are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.
Big Lake, Minnesota Renter-occupied housing units by family type**
Big Lake, Minnesota Renter-occupied housing units by the presence of own children**
A total of 304 apartments for rent in Big Lake, Minnesota, or 53% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 161 units. All in all, the median size of a renter-occupied household in Big Lake, Minnesota is 2.38.
Big Lake, 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 13% of the homes for rent in Big Lake, Minnesota.
Big Lake, Minnesota Renter-occupied units by year structure built**
The highest share of Big Lake, Minnesota apartment rentals, namely 21% or 122 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (20%, 117 units), and the ones Built 1950 - 1959 (15%, 84 units).
Big Lake, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Big Lake, Minnesota renters (54%) moved in 2010 to 2017, while only 17% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Big Lake, Minnesota condos for rent is 2015.
Big Lake, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Big Lake, Minnesota renters have 1 vehicle available per household, 40% of them have 2 vehicles available, and 15% have No vehicle available.
Big Lake, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
Big Lake, 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 Big Lake, 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
