RentData

Average Rent in Morrison County, MN Rents rising 1.9% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 34,131

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Morrison County, MN has rental prices ranging from $673/month to $1,424/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $722/month — 48% below the national average of $1,400/month. With a median household income of $68,640/year, spending $722/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Morrison County Compares

With an average 2-bedroom rent of $947/month, Morrison County ranks #25 most expensive of the 75 cities tracked in Minnesota — pricier than 55% of all US cities in our data.

The Morrison County Rental Market

The Morrison County, MN area has a population of about 34,131 and 19% 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 Morrison County, MN have risen by $18/month (1.9%) over the past year, from $929 to $947. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Morrison County, MN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,880. The local median household income of $68,640 exceeds that threshold by $39,760, making Morrison County relatively accessible compared to local wages.

Economy & Jobs

Morrison County, MN has an unemployment rate of 5.3%, 1.4 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 FY2025
Studio
$673
Affordable
1 Bedroom
$722
Affordable
2 Bedrooms
$947
1.9% YoY
Affordable
3 Bedrooms
$1,327
Affordable
4 Bedrooms
$1,424
Affordable
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Is Morrison 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
$37,880/year
Local median income: $68,640
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $947/month and 20% down on a home at 7% rate.

Nearby Cities in MNlargest metros in the state

CityStudio1BR2BR3BRHome Value
Minneapolis$1,220$1,381$1,685$2,244
Duluth$782$896$1,140$1,538
Lake County$848$942$1,236$1,489
Fargo$694$836$1,012$1,418
Rochester$989$1,101$1,341$1,879
St. Cloud$856$883$1,151$1,510

Rent or Buy in Morrison County?

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

Should I Rent or Buy?

Break-even analysis using real Morrison County data

$
Home Value
$350,000
2BR Rent
$947/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 5 years — worth it if you stay 5+ years.

Total monthly buy cost: $2,577/movs rent: $947/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Morrison County

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Frequently Asked Questions

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🏘️Neighborhoods in Morrison County

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💵Rent Affordability in Morrison County

Salary needed to afford rent here

🗺️All Cities in MN

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📋MN Tenant Rights

Deposit limits, eviction laws & renters protections