Rent in Madelia, MN
A 2-bedroom in Madelia, MN (ZIP 56062) typically rents for about $943 a month, with a range of $943–$1,014. Owner-occupied homes in Watonwan County pay about 1.05% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $706 | $706 | 1 |
| 1 bed | $668 | $668–$842 | 1 |
| 2 beds | $943 | $943–$1,014 | 1 |
| 3 beds | $1,094 | $1,094–$1,261 | 1 |
| 4 beds | $774 | $774–$1,333 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Madelia ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Madelia, MN?
- About $943 a month: the median of the typical rents in 1 ZIP code, which range from $943–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Madelia, MN?
- About $668 a month: the median of the typical rents in 1 ZIP code, which range from $668–$842. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Madelia, MN?
- About $1,094 a month: the median of the typical rents in 1 ZIP code, which range from $1,094–$1,261. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Madelia, MN?
- About $706 a month: the median of the typical rents in 1 ZIP code, which range from $706. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Madelia, MN?
- About $774 a month: the median of the typical rents in 1 ZIP code, which range from $774–$1,333. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Madelia, MN?
- Owner-occupied homes in Watonwan County pay a typical 1.05% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Madelia rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).