4

Montevideo, MN Homes for Rent

Section Image
  • /24

    Starting at $950 Plus Fees

    • 1 - 3 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

    201 N 21st St, Montevideo, MN 56265
  • /16

    $1,250 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,767 Sq Ft
    • Townhouse for Rent

    1708 E Lincoln Ave Unit 5, Montevideo, MN 56265

    *First month’s rent free with signed 12-month lease and paid deposit* Paulson Park I has a one level 2-bedroom/1-bathroom townhome available for rent immediately! The unit offers central AC, dishwasher, washer/dryer hook-ups, and an attached garage. The rent is $1,250 per month with 1st and last month's rent plus the Security Deposit of $1,250 due at lease signing. Paulson Park Estates offer

    Sara Wolhers Van Binsbergen & Associates LLC

    1708 E Lincoln Ave Unit 5, Montevideo, MN 56265
  • /17

    $1,530

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • House for Rent

    415 N 9th St, Montevideo, MN 56265

    Welcome home to this inviting 3-bedroom, 1-bath single-family residence. Offering comfortable living space in a quiet neighborhood, this home provides the perfect blend of affordability, convenience, and small-town charm.Enjoy a functional floor plan, a bright living area, and plenty of room to make the space your own. Situated within the Montevideo School District and just minutes from

    415 N 9th 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 $1,390 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
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 $55,600 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 $1,390 per month in Montevideo, MN, renters typically need to show $4,170 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 10.5, 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

Number of Homes for Rent
3
Median Rent
$1,390
Median Single Family Home Rent
$1,350
How to Rent a Home