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Montevideo, MN Homes for Rent

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  • /12

    $791 Per Month

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • Apartment for Rent

    1418 Black Oak Ave Unit 105, Montevideo, MN 56265

    Burnsdale III is a Rural Development subsidized property designated for Elderly (62+) OR Disabled, Regardless of Age. There is a 1-bedroom non-smoking income-based apartment available. Rent is based on 30% gross monthly household income and ranges from $690-791 plus a Security Deposit of $690. All utilities are included in the rent. Rental Assistance may be available for qualified applicants.

    Sara Wolhers Van Binsbergen & Associates LLC

    1418 Black Oak Ave Unit 105, Montevideo, MN 56265
  • /24

    Starting at $1,225 Plus Fees

    • 2 Beds

    201 N 21st St, Montevideo, MN 56265

    Thunder Hawk community has a wide variety of modern amenities from in-unit washer/dryer, coffee bar, community room and a fitness center. It is a 38 unit building consisting of 1, 2, and 3 bedroom Apartments. You're sure to find a home that perfectly suites your needs! Utilities included in the rent are Heat, Water, Sewer, and Refuse. Residents pay electricity and optional internet or

    Thunder Hawk Apartments

    (320) 301-0138

    201 N 21st St, Montevideo, MN 56265

Why Live in Montevideo

Montevideo, Minnesota, offers a tranquil rural lifestyle surrounded by farms and prairies, attracting families and retirees seeking a peaceful environment away from urban noise. The city is situated at the confluence of the Minnesota and Chippewa rivers, providing ample opportunities for outdoor activities such as hiking, canoeing, and fishing. Lagoon Park and Wildwood Park along the Chippewa River are popular spots for camping and kayaking, while La Qui Parle State Park Wildlife Management Area, located northwest of Montevideo, offers hunting and fishing across its expansive 33,000 acres. Windom Park features recreational facilities including a baseball diamond, playground, and public pool. Housing in Montevideo consists mainly of older styles like Victorian cottages and Cape Cods, with more modern ranch-style homes and Colonial Revivals available. The community celebrates its heritage with events like Fiesta Days, honoring its sister city in Uruguay, and the Chippewa County Fair. The Chippewa County Historical Society operates a museum with historical replicas and artifacts. Montevideo High School is highly rated, emphasizing technology in education. Dining options reflect the city's diversity, with local favorites like Dairy Freeze and a variety of Latin restaurants. While Montevideo is 140 miles from Minneapolis, it remains connected through regional airports and major highways. Flooding risks exist near the Minnesota River, but residential areas are not affected.

Frequently Asked Questions

How much does it cost to rent a home in Montevideo, MN?
The median rent for a home in Montevideo, MN is $791 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 Montevideo, MN?
To comfortably afford the median rent in Montevideo, MN, a household needs to earn roughly $31,640 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 $791 per month in Montevideo, MN, renters typically need to show $2,373 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 Montevideo, MN?
In Montevideo, MN, the price-to-rent ratio is 17.9, 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.

Rental Home Trends in Montevideo, MN

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$791
Median Single Family Home Rent
$1,350
Median Condo Rent
$640
How to Rent a Home