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City Report · MN

Victoria

Pop. 11,295·1st most expensive in Minnesota·One of the pricier rental markets in the US
Median rent (all units)
$2,667/mo
Year-over-Year
Stable
Month-over-Month
-9.6%
vs US Median
+$702
Falling (Monthly)
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Most AffordableMost Expensive
Victoria · $2,667
More expensive than 84% of US cities · National median $1,965/mo
Affordability
16% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,667/mo, rent takes about 16% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$107,000/yr
Local median income
$195,639/yr
Based on the 30%-of-income rule using Victoria's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

2 BR
$1,273
3 BR
$1,792
Research median
$1,273/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$32,004/yr
At $2,667/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -9.6% MoM), not inventory.
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Demographics

Who lives here

Victoria, MN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 66.4% of residents hold a bachelor's degree or higher.

Population
11,295
Median income
$195,639
Median age
41.2
Renters
6.4%
Age distribution
26.6%
14.2%
30.6%
14.1%
14.5%
Under 1826.6%
18–3414.2%
35–5430.6%
55–6414.1%
65+14.5%
Gender
51%
49%
Male51%
Female49%
Race & ethnicity
89.6%
White89.6%
Black2.2%
Hispanic2.7%
Asian3.7%
Other1.8%
Education (25+)
23.6%
66.4%
No HS diploma0.7%
HS diploma9.2%
Some college23.6%
Bachelor's+66.4%
Housing tenure
93.6%
Owner93.6%
Renter6.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Victoria, MN has changed in 5 years

Income
$167,418 → $195,639
up 16.9%
Population
10,361 → 11,295
up 9.0%
Renter share
7.1% → 6.4%
-0.7 pts
Bachelor's+
70.3% → 66.4%
-3.9 pts
Median age
38.8 → 41.2
+2.4 yrs

Local incomes tracked alongside that move, going from a median of $167,418 in 2021 to $195,639 more recently. Headcount in the area went from 10,361 to 11,295 between 2021 and 2024, a 9.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 70.3% to 66.4%.

Community

Discussions about Victoria

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View Victoria rent history (2015–2026) →
Salary vs rent

Can you afford rent in Victoria on your salary?

At $2,667/mo, how Victoria rent compares to typical pay (30% rule).

By apartment size

Victoria rent by bedroom count

Median rent for each apartment size in Victoria. Click any size for full breakdown.

Local insights

Tips for renters in Victoria

About renting in Victoria, MN

Last updated: July 20, 2026

The median rent in Victoria is $2,667/mo as of July 2026. a 2-bedroom runs $1,273/mo and 3-bedroom units go for $1,792/mo.

At 16% of local median household income ($195,639/yr), Victoria ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Victoria an affordable city for renters?

Victoria is considered very affordable for renters. At $2,667/mo, rent takes approximately 16% of the local median household income ($195,639/yr). The standard benchmark is 30%. Victoria falls comfortably within that range.

How much income do you need to rent in Victoria?

To keep rent at or below 30% of gross income, you would need to earn at least $107,000/year (~$51/hour full-time) to afford the median rent of $2,667/mo in Victoria. The local median household income is $195,639/yr, meaning the typical Victoria household meets that threshold.

Is rent going up or down in Victoria?

Rent in Victoria has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Victoria rent compare to other cities in Minnesota?

Victoria is one of the pricier cities in Minnesota for rent, ranking #1 out of 67 tracked cities at $2,667/mo.

Which nearby cities are cheaper to rent in than Victoria?

Several nearby cities have lower median rents than Victoria ($2,667/mo): Eden Prairie ($1,772/mo), Shakopee ($1,788/mo), Spring Park ($1,838/mo).

What percentage of Victoria residents rent vs. own?

According to Census data, approximately 6.4% of Victoria households are renters, while 93.6% are owner-occupied. Victoria leans toward homeownership, which can mean a smaller rental inventory.

How does Victoria rent compare to the national average?

Victoria's median rent of $2,667/mo is $702 (36%) above the US national median of $1,965/mo. Within Minnesota, it ranks #1 out of 67 tracked cities.
Income Affordability
16%
VERY AFFORDABLE

At $2,667/mo, rent takes ~16% of Victoria's median household income ($195,639/yr). The standard benchmark is 30%.

Victoria 16%Benchmark 30%
State income tax5.35–9.85%
Run the Victoria affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Victoria, MN

Recent submissions

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