Rents are right about where Coon Rapids's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,672 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Coon Rapids usually run 0.8% below trend in February and 0.7% above it in June, about $25 a month apart at today's median. Based on 6 years of data.
Rent in Coon Rapids is at its highest level since Zillow's records here began in February 2019.
Rent in Coon Rapids changed +4.7% over the year to September 2026. Across the 53 Minnesota cities Zillow tracks, the typical change was +3.4%.
Rent in Coon Rapids is 32.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 12 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($88,251) is $2,206 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,835); a 3-bedroom is $2,445.
Fridley, 6 miles away, rents for 17% less ($1,389/mo), about $3,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Coon Rapids. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Coon Rapids, MN is majority owner-occupied, 25.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Coon Rapids, MN has changed in 5 years
The median rent in Coon Rapids, MN stood at $1,368 in 2021 and currently runs about $1,672, reflecting a 22.2% increase over the period. Local incomes tracked alongside that move, going from a median of $79,110 in 2021 to $88,251 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Coon Rapids, MN market of 2021.
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Can you afford rent in Coon Rapids on your salary?
At $1,672/mo, how Coon Rapids rent compares to typical pay (30% rule).
Coon Rapids rent by bedroom count
Median rent for each apartment size in Coon Rapids. Click any size for full breakdown.
Tips for renters in Coon Rapids
Last updated: October 17, 2026
The median rent in Coon Rapids is $1,672/mo as of October 2026. A studio apartment averages $1,325/mo while a 2-bedroom runs $1,835/mo. One-bedroom apartments average $1,505/mo and 3-bedroom units go for $2,445/mo.
At 23% of local median household income ($88,251/yr), Coon Rapids ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Coon Rapids?
At $1,672/mo, rent takes ~23% of Coon Rapids's median household income ($88,251/yr). The standard benchmark is 30%.
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