Frequently Asked Questions
How much does it cost to rent a condo in Mound, MN?
The median rent for a condo in Mound, MN is $1,563 per month, though prices vary by neighborhood, size, and property type. As of June 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 Mound, MN?
To comfortably afford the median rent in Mound, MN, a household needs to earn roughly $106,000 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 $2,650 per month in Mound, MN, renters typically need to show $7,950 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 Mound, MN?
In Mound, MN, the price-to-rent ratio is 17.3, 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.
Condo Rental Trends in Mound, MN
There are currently 1 condos available for rent in Mound, MN. The median rent is $1,563 per month, with 1-bedroom condos renting at $1,095, 2-bedroom condos at $1,563 and 3-bedroom condos at $2,200.
Number of Condos for Rent
1
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|
Median 1 Bedroom Condo Rent
$1,095
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Median 2 Bedroom Condo Rent
$1,563
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Median 3 Bedroom Condo Rent
$2,200
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