$3,000 Per Month
- 4 Beds
- 2.5 Baths
- 3,395 Sq Ft
- House for Rent
640 S Park Ct, Hastings, MN 55033
640 S Park Ct, Hastings, MN 55033
Frequently Asked Questions
How much does it cost to rent a single-family home in Hastings, MN?
The median rent for a single-family home in Hastings, MN is $3,000 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes 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 $60,000 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 $1,500 per month in Hastings, MN, renters typically need to show $4,500 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 19.7, 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.
