Starting at $1,350 Plus Fees
- 1 - 2 Beds
400 1st Ave SW, Chisholm, MN 55719
City View Apartments
(218) 274-5495
Frequently Asked Questions
How much does it cost to rent a home in Chisholm, MN?
The median rent for a home in Chisholm, MN is $1,350 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Chisholm, MN?
To comfortably afford the median rent in Chisholm, MN, a household needs to earn roughly $54,000 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 $1,350 per month in Chisholm, MN, renters typically need to show $4,050 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 Chisholm, MN?
In Chisholm, MN, the price-to-rent ratio is 7.2, 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.
