RentData

Average Rent in Hubbard County, MN↑ Rents rising 1.2% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 21,700

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Hubbard County, MN has rental prices ranging from $710/month to $1,705/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $780/month — 44% below the national average of $1,400/month. With a median household income of $70,622/year, spending $780/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Hubbard County Compares

With an average 2-bedroom rent of $1,020/month, Hubbard County ranks #39 most expensive of the 76 cities tracked in Minnesota — pricier than 51% of all US cities in our data.

The Hubbard County Rental Market

The Hubbard County, MN area has a population of about 21,700 and 17% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Hubbard County, MN have risen by $12/month (1.2%) over the past year, from $1,008 to $1,020. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Hubbard County, MN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,200. The local median household income of $70,622 exceeds that threshold by $39,422, making Hubbard County relatively accessible compared to local wages.

Economy & Jobs

Hubbard County, MN has an unemployment rate of 5.0%, 1.1 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2027
Studio
$710
Affordable
1 Bedroom
$780
Affordable
2 Bedrooms
$1,020
↑1.2% YoY
Affordable
3 Bedrooms
$1,412
Affordable
4 Bedrooms
$1,705
Affordable
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Is Hubbard County, MN Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$40,800/year
Local median income: $70,622
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $1,020/month and 20% down on a — home at 7% rate.

Nearby Cities in MNlargest metros in the state

CityStudio1BR2BR3BRHome Value
Minneapolis$1,265$1,427$1,734$2,264—
Duluth$841$961$1,207$1,671—
Lake County$848$942$1,236$1,489—
Fargo$781$903$1,104$1,529—
Rochester$1,183$1,226$1,422$1,969—
St. Cloud$884$961$1,233$1,656—

Rent or Buy in Hubbard County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Hubbard County data

$
Home Value
$350,000
2BR Rent
$1,020/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 4 years — worth it if you stay 4+ years.

Total monthly buy cost: $2,577/movs rent: $1,020/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Hubbard County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Hubbard County

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💵Rent Affordability in Hubbard County

Salary needed to afford rent here

🗺️All Cities in MN

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📋MN Tenant Rights

Deposit limits, eviction laws & renters protections