2-Bedroom Apartment Rent in Monticello, MN
Median asking rent for a 2-bedroom apartment in Monticello, Minnesota as of July 2026. That's the same as the citywide median and +2% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Monticello
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Monticello
Compare Monticello's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Winona | $950 |
| 2 | Moorhead | $1,040 |
| 3 | Owatonna | $1,040 |
| 4 | Austin | $1,050 |
| 5 | Bemidji | $1,090 |
| 6 | Waite Park | $1,200 |
| 7 | Duluth | $1,236 |
| 8 | Mankato | $1,250 |
| 9 | Saint Cloud | $1,273 |
| 10 | Victoria | $1,273 |
| 11 | Rochester | $1,368 |
| 12 | Anoka | $1,401 |
| 13 | Northfield | $1,460 |
| 14 | South Saint Paul | $1,460 |
| 15 | Saint Michael | $1,490 |
Most expensive cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $2,280 |
| 2 | Maple Grove | $2,205 |
| 3 | Eden Prairie | $2,170 |
| 4 | Lakeville | $2,140 |
| 5 | Cottage Grove | $2,130 |
| 6 | Edina | $2,100 |
| 7 | Blaine | $2,085 |
| 8 | Brooklyn Park | $2,065 |
| 9 | Plymouth | $2,063 |
| 10 | Savage | $2,030 |
| 11 | Rosemount | $2,030 |
| 12 | Minnetonka | $2,000 |
| 13 | Wayzata | $1,924 |
| 14 | Saint Louis Park | $1,910 |
| 15 | Apple Valley | $1,910 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Monticello.
| City | Distance | 2-Bedroom rent | vs Monticello |
|---|---|---|---|
| Saint Michael, MN | 11.8 mi | $1,490 | $-140 (-9%) |
| Elk River, MN | 18.9 mi | $1,520 | $-110 (-7%) |
| Rogers, MN | 19.9 mi | $1,820 | +$190 (+12%) |
| Ramsey, MN | 28.1 mi | $1,620 | $-10 (-1%) |
| Maple Grove, MN | 28.1 mi | $2,205 | +$575 (+35%) |
| Spring Park, MN | 28.2 mi | $1,550 | $-80 (-5%) |
| Saint Cloud, MN | 28.3 mi | $1,273 | $-357 (-22%) |
| Wayzata, MN | 31.6 mi | $1,924 | +$294 (+18%) |
| Champlin, MN | 32.2 mi | $1,880 | +$250 (+15%) |
| Plymouth, MN | 32.2 mi | $2,063 | +$433 (+27%) |
| Waite Park, MN | 32.3 mi | $1,200 | $-430 (-26%) |
| Victoria, MN | 32.3 mi | $1,273 | $-357 (-22%) |
2-Bedroom rent in Monticello — common questions
How much is a 2-bedroom apartment in Monticello?
As of July 2026, the median 2-bedroom apartment rent in Monticello, Minnesota is $1,630 per month. This is in line with the citywide median of $1,623.
What income do you need to afford a 2-bedroom in Monticello?
Using the standard 30% rent-to-income rule, you would need an annual income of about $65,200 ($5,433/month gross), which works out to roughly $31.35/hour at a full-time job.
Is Monticello expensive for a 2-bedroom compared to the rest of the US?
Monticello's 2-bedroom median of $1,630 is +2% below the national 2-bedroom median of $1,655. It ranks in the 48th percentile of US cities tracked.
How does Monticello rank for 2-bedroom rent in Minnesota?
Among the 65 cities in Minnesota with 2-bedroom data, Monticello ranks #30 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Monticello?
Yes — nearby cities with cheaper 2-bedroom rents include Saint Michael ($1,490), Elk River ($1,520), Ramsey ($1,620).