Mounds View renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Mounds View is about $1,065 per month. This puts it in the 80th percentile compared to the state average cost of rent, which is $1,169. Households in Mounds View have a median income of $6,703 per month so the average renter in Mounds View is spending roughly 16% of their earnings on housing.
Nationally, and in Mounds View, home values are the data point most closely correlated with the cost of rent. The median price of a home in Mounds View is $220,950 right now, which is lower than nearby cities, meaning that rents in Mounds View also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Mounds View while lower rent rates are often available in southeastern areas.
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