Rent in Montevideo, MN
A 2-bedroom in Montevideo, MN (ZIP 56265) typically rents for about $846 a month, with a range of $846–$1,014. Owner-occupied homes in Chippewa County pay about 1.10% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $706 | $706 | 1 |
| 1 bed | $725 | $725–$784 | 1 |
| 2 beds | $846 | $846–$1,014 | 1 |
| 3 beds | $896 | $896–$1,404 | 1 |
| 4 beds | $1,110 | $1,110–$1,443 | 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).
Montevideo ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Montevideo, MN?
- About $846 a month: the median of the typical rents in 1 ZIP code, which range from $846–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Montevideo, MN?
- About $725 a month: the median of the typical rents in 1 ZIP code, which range from $725–$784. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Montevideo, MN?
- About $896 a month: the median of the typical rents in 1 ZIP code, which range from $896–$1,404. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Montevideo, 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 Montevideo, MN?
- About $1,110 a month: the median of the typical rents in 1 ZIP code, which range from $1,110–$1,443. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Montevideo, MN?
- Owner-occupied homes in Chippewa County pay a typical 1.10% 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 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Montevideo rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).