Rents are 3% below what Woodbury's 10-year trend predicts — a better deal than its own history suggests.
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 $2,196 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
December. Asking rents in Woodbury usually run 1.4% below trend in December and 1.6% above it in June, about $66 a month apart at today's median. Based on 10 years of data.
Rent in Woodbury is at its highest level since Zillow's records here began in December 2015.
Rent in Woodbury changed +4.0% over the year to September 2026. Across the 53 Minnesota cities Zillow tracks, the typical change was +3.4%.
From 2019 to 2024, rent in Woodbury rose 25.2% while median household income rose 15.5% ($108,539 to $125,310). Rent outpaced income.
Rent in Woodbury is 32.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($125,310) is $3,133 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,035); a 4-bedroom is $3,400.
Cottage Grove, 6 miles away, rents for 17% less ($1,827/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Woodbury. 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
Woodbury, MN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 61.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Woodbury, MN has changed in 5 years
Compared with 2021, rent in Woodbury, MN has increased by $422 per month, settling near $2,196 after starting the period at $1,774. Local incomes tracked alongside that move, going from a median of $114,252 in 2021 to $125,310 more recently. Rent outpaced income growth by roughly 14.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 74,014 to 78,305 between 2021 and 2024, a 5.8% change. About 22.4% of households rent today, against 19.2% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Woodbury, MN market of 2021.
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At $2,196/mo, how Woodbury rent compares to typical pay (30% rule).
Woodbury rent by bedroom count
Median rent for each apartment size in Woodbury. Click any size for full breakdown.
Tips for renters in Woodbury
Last updated: October 17, 2026
The median rent in Woodbury is $2,196/mo as of October 2026. A studio apartment averages $1,650/mo while a 2-bedroom runs $2,280/mo. One-bedroom apartments average $1,870/mo and 3-bedroom units go for $3,035/mo.
At 21% of local median household income ($125,310/yr), Woodbury ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Woodbury?
At $2,196/mo, rent takes ~21% of Woodbury's median household income ($125,310/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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