Waite Park, 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 Waite Park, Minnesota rental market.
Waite Park, Minnesota
Average Apartment Rent
$1,195
Y-o-Y Change in Average
Apartment Rent
4.4%
As of March 2026
Compared to a year ago, Waite Park, Minnesota apartments have recorded a 4.4% rent increase.
Waite Park, Minnesota Average apartment rent trend
Waite Park, Minnesota Average Apartment Rent
Waite Park, Minnesota Apartment rent ranges
At 79.88%, apartments priced $1,000 - $1,500 represent the bulk of Waite Park, Minnesota rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 7.81%.
Waite Park, Minnesota Housing tenure**
Renters take up 53% of Waite Park, Minnesota real estate, occupying a total of 1,959 units, while homeowners live in 1,765 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$36,575
Average household size of renter-occupied housing units**
2.09
Rental vacancy rate**
1.9%
Waite Park, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 1,417 rentals in Waite Park, Minnesota with 2 beds making up the highest share of the market, at 72%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 30 units. Overall, the median number of rooms in Waite Park, Minnesota homes for rent is 3.4.
Waite Park, Minnesota Renter-occupied units by age of householder**
Most condos for rent in Waite Park, Minnesota are occupied by residents in the 25 - 34 years age group (19%), followed by those in the 45 - 54 years age group (15%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.
Waite Park, Minnesota Renter-occupied housing units by family type**
Waite Park, Minnesota Renter-occupied housing units by the presence of own children**
A total of 953 apartments for rent in Waite Park, Minnesota, or 49% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 478 units. All in all, the median size of a renter-occupied household in Waite Park, Minnesota is 2.09.
Waite Park, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 12% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Waite Park, Minnesota.
Waite Park, Minnesota Renter-occupied units by year structure built**
The highest share of Waite Park, Minnesota apartment rentals, namely 31% or 610 units, were Built 1980 - 1989, followed by those Built 2010 - 2019 (25%, 493 units), and the ones Built 1990 - 1999 (16%, 312 units).
Waite Park, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Waite Park, Minnesota renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Waite Park, Minnesota condos for rent is 2017.
Waite Park, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of Waite Park, Minnesota renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 10% have No vehicle available.
Waite Park, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
Waite Park, 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 Waite Park, 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
