3-Bedroom Apartment Rent in Monticello, MN
Median asking rent for a 3-bedroom apartment in Monticello, Minnesota as of July 2026. That's +34% higher than the citywide median of $1,623 and +2% above the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Minnesota
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Winona | $1,200 |
| 2 | Bemidji | $1,320 |
| 3 | Austin | $1,330 |
| 4 | Moorhead | $1,460 |
| 5 | Owatonna | $1,460 |
| 6 | Waite Park | $1,570 |
| 7 | Anoka | $1,666 |
| 8 | Duluth | $1,666 |
| 9 | Saint Cloud | $1,690 |
| 10 | Mankato | $1,750 |
| 11 | Victoria | $1,792 |
| 12 | Rochester | $1,918 |
| 13 | Northfield | $1,970 |
| 14 | South Saint Paul | $1,970 |
| 15 | Saint Michael | $1,980 |
Most expensive cities for a 3-bedroom in Minnesota
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $3,035 |
| 2 | Maple Grove | $2,935 |
| 3 | Eden Prairie | $2,890 |
| 4 | Wayzata | $2,865 |
| 5 | Lakeville | $2,850 |
| 6 | Cottage Grove | $2,840 |
| 7 | Edina | $2,797 |
| 8 | Blaine | $2,775 |
| 9 | Brooklyn Park | $2,750 |
| 10 | Plymouth | $2,748 |
| 11 | Savage | $2,700 |
| 12 | Rosemount | $2,700 |
| 13 | Minnetonka | $2,665 |
| 14 | Saint Louis Park | $2,545 |
| 15 | Apple Valley | $2,540 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than Monticello.
| City | Distance | 3-Bedroom rent | vs Monticello |
|---|---|---|---|
| Saint Michael, MN | 11.8 mi | $1,980 | $-190 (-9%) |
| Elk River, MN | 18.9 mi | $2,020 | $-150 (-7%) |
| Rogers, MN | 19.9 mi | $2,420 | +$250 (+12%) |
| Ramsey, MN | 28.1 mi | $2,160 | $-10 (0%) |
| Maple Grove, MN | 28.1 mi | $2,935 | +$765 (+35%) |
| Spring Park, MN | 28.2 mi | $2,060 | $-110 (-5%) |
| Saint Cloud, MN | 28.3 mi | $1,690 | $-480 (-22%) |
| Wayzata, MN | 31.6 mi | $2,865 | +$695 (+32%) |
| Champlin, MN | 32.2 mi | $2,500 | +$330 (+15%) |
| Plymouth, MN | 32.2 mi | $2,748 | +$578 (+27%) |
| Waite Park, MN | 32.3 mi | $1,570 | $-600 (-28%) |
| Victoria, MN | 32.3 mi | $1,792 | $-378 (-17%) |
3-Bedroom rent in Monticello — common questions
How much is a 3-bedroom apartment in Monticello?
As of July 2026, the median 3-bedroom apartment rent in Monticello, Minnesota is $2,170 per month. This is +34% higher than the citywide median of $1,623.
What income do you need to afford a 3-bedroom in Monticello?
Using the standard 30% rent-to-income rule, you would need an annual income of about $86,800 ($7,233/month gross), which works out to roughly $41.73/hour at a full-time job.
Is Monticello expensive for a 3-bedroom compared to the rest of the US?
Monticello's 3-bedroom median of $2,170 is +2% above the national 3-bedroom median of $2,130. It ranks in the 52th percentile of US cities tracked.
How does Monticello rank for 3-bedroom rent in Minnesota?
Among the 65 cities in Minnesota with 3-bedroom data, Monticello ranks #29 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Monticello?
Yes — nearby cities with cheaper 3-bedroom rents include Saint Michael ($1,980), Elk River ($2,020), Ramsey ($2,160).