What percentage of people rent in Montgomery, MN?

Name: Renters and owners in Montgomery, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

25.2% (±7.0 points) of the occupied homes in Montgomery, MN are rented (2020–2024 American Community Survey).

That is 349 renting households against 1,035 that own their home.

In Montgomery, the share of households that rent went from 22.5% in 2015–2019 to 25.2% in 2020–2024 (+2.7 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 25.2% (±7.0 points)
Renting households: 349 (±102)
Median renter income: $47,689 (±$15,148)

Who rents and who owns in Montgomery

Tenure, estimate (90% margin of error)
	Montgomery	Le Sueur County	Minnesota	United States
Renter-occupied share	25.2% (±7.0 points)	19.0% (±2.0 points)	27.8% (±0.2 points)	34.8%
Renting households	349 (±102)	2,212 (±242)	641,268 (±4,528)	45,017,354
Owning households	1,035 (±139)	9,438 (±209)	1,666,687 (±7,556)	84,210,142
Average renter household size	2.2 (±0.5)	2.0 (±0.2)	2.0 (±0.0)	2.3
Average owner household size	2.5 (±0.3)	2.6 (±0.1)	2.6 (±0.0)	2.6
Median renter household income	$47,689 (±$15,148)	$44,225 (±$4,928)	$51,080 (±$531)	$52,966
Median owner household income	$95,175 (±$9,669)	$104,951 (±$4,056)	$108,214 (±$476)	$100,009

In Montgomery, the renter share is not measurably different from Le Sueur County (19.0%).

It is not measurably different from Minnesota (27.8%).

It is lower than the national figure (34.8%).

In Le Sueur County, Montgomery ranks 4 of 23 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 391 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Montgomery has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	22.5% (±7.6 points)	25.2% (±7.0 points)	+2.7 percentage points	Not a measurable change
Median gross rent	$909 (±$72)	$974 (±$175)	+7.2%	No measurable change after inflation
Median household income	$55,337 (±$12,801)	$79,432 (±$14,694)	+43.5%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Montgomery

Nearest places with a published estimate, compared with Montgomery
Place	Distance	Households that rent	Compared with this place
Montgomery	—	25.2% (±7.0 points)	—
Montgomery Township	2.7 mi	5.2% (±3.3 points)	Lower
Lanesburgh Township	3.6 mi	5.4% (±2.6 points)	Lower
Heidelberg	4.0 mi	0.0% (±28.2 points)	Not measurably different
Erin Township	6.0 mi	10.3% (±8.5 points)	Lower
Lexington Township	6.2 mi	7.6% (±4.6 points)	Lower
Wheatland Township	6.5 mi	7.7% (±7.6 points)	Lower
Derrynane Township	7.0 mi	22.0% (±13.6 points)	Not measurably different
New Prague	7.0 mi	23.3% (±4.8 points)	Not measurably different

Nearby places with a measurably lower figure: Montgomery Township, MN (5.2%), Lanesburgh Township, MN (5.4%), Erin Township, MN (10.3%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Le Sueur County, place by place

Rank	Place	Households that rent
1	Le Center	31.3% (±7.2 points)
2	Le Sueur	30.0% (±6.6 points)
3	Kasota	27.4% (±11.5 points)
4	Montgomery	25.2% (±7.0 points)
5	Waterville	23.7% (±6.3 points)
6	Cleveland Township	22.7% (±15.0 points)
7	Derrynane Township	22.0% (±13.6 points)
8	Elysian	17.4% (±7.0 points)
9	Cordova Township	9.1% (±6.4 points)
10	Lexington Township	7.6% (±4.6 points)

Showing 10 of 23 places in Le Sueur County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Montgomery

How many renters are there in Montgomery?

Montgomery has an estimated 349 (±102) renting households, 25.2% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Montgomery?

In Montgomery, the share of households that rent went from 22.5% in 2015–2019 to 25.2% in 2020–2024 (+2.7 percentage points), not a measurable change.

How big are renting households in Montgomery?

A renting household in Montgomery has 2.2 people on average, against 2.5 in an owned home.

How much do renters earn in Montgomery?

The median renting household in Montgomery, MN has an income of $47,689 (±$15,148) a year, against $95,175 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Montgomery city, Minnesota (place:43738, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.