$1,800 Per Month
- 2 Beds
- 1 Bath
- 1,232 Sq Ft
- House for Rent
193 Norwood Dr, Big Lake, MN 55309
193 Norwood Dr, Big Lake, MN 55309
Frequently Asked Questions
How much does it cost to rent a single-family home in Big Lake, MN?
The median rent for a single-family home in Big Lake, MN is $2,163 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Big Lake, MN?
To comfortably afford the median rent in Big Lake, MN, a household needs to earn roughly $77,000 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 $1,925 per month in Big Lake, MN, renters typically need to show $5,775 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 Big Lake, MN?
In Big Lake, MN, the price-to-rent ratio is 15.6, 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.
