$925
Total Monthly Price
- 2 Beds
- 1 Bath
- 900 Sq Ft
- Condo for Rent
3485 Lester Ave Unit Lower Level #1, Hastings, MN 55033
Two bedroom, one bath, single detached garage. Water, sewer, and garbage included. Tenant pays their own electricity.
Frequently Asked Questions
How much does it cost to rent a condo in Hastings, MN?
The median rent for a condo in Hastings, MN is $1,600 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Hastings, MN?
To comfortably afford the median rent in Hastings, MN, a household needs to earn roughly $65,880 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 $1,647 per month in Hastings, MN, renters typically need to show $4,941 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 Hastings, MN?
In Hastings, MN, the price-to-rent ratio is 18.0, 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.
What neighborhoods in Hastings, MN are best for renting a condo?
The best neighborhood for renting in Hastings, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include West Side, Battle Creek, Dayton's Bluff and West Seventh, each with its own character and price range.
