$3,582 Per Month
- 3 Beds
- 2.5 Baths
- 2,136 Sq Ft
- House for Rent
11421 51st St NE, Albertville, MN 55301
11421 51st St NE, Albertville, MN 55301
Frequently Asked Questions
How much does it cost to rent a home in Albertville, MN?
The median rent for a home in Albertville, MN is $3,024 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Albertville, MN?
To comfortably afford the median rent in Albertville, MN, a household needs to earn roughly $120,960 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,024 per month in Albertville, MN, renters typically need to show $9,072 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Albertville, MN?
In Albertville, MN, the price-to-rent ratio is 9.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
