Studio Apartment Rent in Monticello, MN
Median asking rent for a studio apartment in Monticello, Minnesota as of August 2026. That's +27% lower than the citywide median of $1,619 and +9% below the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Monticello
Compare Monticello's median rent across every apartment size.
Cheapest cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Albert Lea | $640 |
| 2 | Moorhead | $710 |
| 3 | Austin | $720 |
| 4 | Owatonna | $730 |
| 5 | Bemidji | $800 |
| 6 | Duluth | $848 |
| 7 | Waite Park | $890 |
| 8 | Saint Cloud | $940 |
| 9 | Rochester | $1,010 |
| 10 | Mankato | $1,030 |
| 11 | Anoka | $1,050 |
| 12 | Buffalo | $1,060 |
| 13 | Northfield | $1,060 |
| 14 | South Saint Paul | $1,060 |
| 15 | Saint Michael | $1,080 |
Most expensive cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Woodbury | $1,650 |
| 2 | Maple Grove | $1,600 |
| 3 | Eden Prairie | $1,570 |
| 4 | Lakeville | $1,550 |
| 5 | Cottage Grove | $1,540 |
| 6 | Edina | $1,520 |
| 7 | Blaine | $1,510 |
| 8 | Plymouth | $1,495 |
| 9 | Brooklyn Park | $1,495 |
| 10 | Savage | $1,470 |
| 11 | Rosemount | $1,470 |
| 12 | Minnetonka | $1,450 |
| 13 | Robbinsdale | $1,427 |
| 14 | Saint Louis Park | $1,385 |
| 15 | Vadnais Heights | $1,380 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Monticello.
| City | Distance | Studio rent | vs Monticello |
|---|---|---|---|
| Buffalo, MN | 8.1 mi | $1,060 | $-120 (-10%) |
| Saint Michael, MN | 11.8 mi | $1,080 | $-100 (-8%) |
| Elk River, MN | 18.9 mi | $1,100 | $-80 (-7%) |
| Rogers, MN | 19.9 mi | $1,320 | +$140 (+12%) |
| Ramsey, MN | 28.1 mi | $1,170 | $-10 (-1%) |
| Maple Grove, MN | 28.1 mi | $1,600 | +$420 (+36%) |
| Saint Cloud, MN | 28.3 mi | $940 | $-240 (-20%) |
| Champlin, MN | 32.2 mi | $1,360 | +$180 (+15%) |
| Plymouth, MN | 32.2 mi | $1,495 | +$315 (+27%) |
| Waite Park, MN | 32.3 mi | $890 | $-290 (-25%) |
| Brooklyn Park, MN | 35.2 mi | $1,495 | +$315 (+27%) |
| New Hope, MN | 35.3 mi | $1,100 | $-80 (-7%) |
Studio rent in Monticello — common questions
How much is a studio apartment in Monticello?
As of August 2026, the median studio apartment rent in Monticello, Minnesota is $1,180 per month. This is +27% below the citywide median of $1,619.
What income do you need to afford a studio in Monticello?
Using the standard 30% rent-to-income rule, you would need an annual income of about $47,200 ($3,933/month gross), which works out to roughly $22.69/hour at a full-time job.
Is Monticello expensive for a studio compared to the rest of the US?
Monticello's studio median of $1,180 is +9% below the national studio median of $1,290. It ranks in the 41th percentile of US cities tracked.
How does Monticello rank for studio rent in Minnesota?
Among the 63 cities in Minnesota with studio data, Monticello ranks #28 from cheapest to most expensive.
Are there cheaper studio options near Monticello?
Yes — nearby cities with cheaper studio rents include Buffalo ($1,060), Saint Michael ($1,080), Elk River ($1,100).