Rent in Park Rapids, MN
A 2-bedroom in Park Rapids, MN (ZIP 56470) typically rents for about $775 a month, with a range of $775–$1,020. Owner-occupied homes in Hubbard County pay about 0.78% 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 | $710 | $710 | 1 |
| 1 bed | $780 | $780 | 1 |
| 2 beds | $775 | $775–$1,020 | 1 |
| 3 beds | $1,125 | $1,125–$1,412 | 1 |
| 4 beds | $1,705 | $1,705 | 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).
Park Rapids ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Park Rapids, MN?
- About $775 a month: the median of the typical rents in 1 ZIP code, which range from $775–$1,020. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Park Rapids, MN?
- About $780 a month: the median of the typical rents in 1 ZIP code, which range from $780. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Park Rapids, MN?
- About $1,125 a month: the median of the typical rents in 1 ZIP code, which range from $1,125–$1,412. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Park Rapids, MN?
- About $710 a month: the median of the typical rents in 1 ZIP code, which range from $710. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Park Rapids, MN?
- About $1,705 a month: the median of the typical rents in 1 ZIP code, which range from $1,705. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Park Rapids, MN?
- Owner-occupied homes in Hubbard County pay a typical 0.78% 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 Park Rapids rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).