What is the median rent in Park Rapids, MN?
The median gross rent in Park Rapids, MN is $825 (±$297) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 862 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Park Rapids, the median gross rent went from $572 in 2015–2019 to $825 in 2020–2024 (+44.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $825 (±$297)
- Rented homes
- 862 (±142)
- $2,000 or more
- 11.0%
- Since 2015–2019
- +44.2%
How much rent costs in Park Rapids
| Monthly gross rent | Park Rapids | Hubbard County | Minnesota | United States |
|---|---|---|---|---|
| Less than $500 | 25.8% (±12.1 points) | 19.4% | 8.4% | 6.3% |
| $500 to $999 | 35.2% (±12.0 points) | 38.4% | 21.5% | 20.2% |
| $1,000 to $1,499 | 26.5% (±9.2 points) | 28.1% | 33.6% | 28.1% |
| $1,500 to $1,999 | 1.6% (±2.6 points) | 2.9% | 21.4% | 21.1% |
| $2,000 to $2,499 | 11.0% (±14.1 points) | 8.8% | 9.2% | 12.0% |
| $2,500 to $2,999 | 0.0% (±2.6 points) | 1.1% | 3.0% | 5.5% |
| $3,000 or more | 0.0% (±2.6 points) | 1.2% | 3.0% | 6.8% |
The most common range is $500 to $999, paid by 35.2% of renting households.
11.0% of rented homes in Park Rapids cost $2,000 or more a month.
Park Rapids against Hubbard County, its state and the nation
| Park Rapids | Hubbard County | Minnesota | United States | |
|---|---|---|---|---|
| Median gross rent | $825 (±$297) | $905 (±$149) | $1,280 (±$7) | $1,413 |
| Rented homes paying rent | 862 (±142) | 1,307 (±157) | 614,257 (±4,397) | 42,849,984 |
In Park Rapids, median gross rent is not measurably different from Hubbard County ($905).
It is also lower than in Minnesota ($1,280).
It is lower than the national figure ($1,413).
In Hubbard County, Park Rapids ranks 13 of 17 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 938 of 1,347.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Park Rapids has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $572 (±$131) | $825 (±$297) | +44.2% | No measurable change after inflation |
| Households that rent | 54.7% (±5.9 points) | 45.4% (±6.0 points) | −9.3 percentage points | Measurable decrease |
| Rental vacancy rate | 0.0% (±1.8 points) | 4.7% (±6.2 points) | +4.7 percentage points | Not a measurable change |
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.
Median gross rent in places near Park Rapids
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Park Rapids | — | $825 (±$297) | — |
| Todd Township | 3.2 mi | $1,446 (±$437) | Higher |
| Henrietta Township | 4.7 mi | $1,052 (±$480) | Not measurably different |
| Straight River Township | 5.7 mi | $594 (±$448) | Not measurably different |
| Hubbard Township (Hubbard County) | 6.1 mi | $1,375 (±$817) | Not measurably different |
| Arago Township | 7.2 mi | $900 (±$218) | Not measurably different |
| Osage Township | 7.5 mi | $728 (±$41) | Not measurably different |
| Lake Emma Township | 9.5 mi | $733 (±$225) | Not measurably different |
| Blueberry Township | 9.9 mi | $930 (±$89) | Not measurably different |
Nearby places with a measurably higher figure: Todd Township, MN ($1,446).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Hubbard County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 7 | Lakeport Township | $1,034 (±$550) |
| 8 | Akeley Township | $971 (±$138) |
| 9 | Hart Lake Township | $967 (±$343) |
| 10 | Arago Township | $900 (±$218) |
| 11 | Mantrap Township | $894 (±$300) |
| 12 | Farden Township | $859 (±$115) |
| 13 | Park Rapids | $825 (±$297) |
| 14 | Guthrie Township | $800 (±$96) |
| 15 | Lake Emma Township | $733 (±$225) |
| 16 | Nevis | $595 (±$161) |
| 17 | Straight River Township | $594 (±$448) |
Showing 11 of 17 places in Hubbard 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 Park Rapids
What is the average rent in Park Rapids, MN?
The Census Bureau publishes the median rather than the average: the median gross rent in Park Rapids is $825 (±$297) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Park Rapids?
In Park Rapids, the median gross rent went from $572 in 2015–2019 to $825 in 2020–2024 (+44.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Park Rapids cost more than $2,000 a month?
11.0% of rented homes in Park Rapids have a gross rent of $2,000 or more a month, and 25.8% cost less than $500.
Is rent in Park Rapids higher than in Hubbard County?
In Park Rapids, median gross rent is not measurably different from Hubbard County ($905).
It is also lower than in Minnesota ($1,280).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Park Rapids city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Park Rapids city, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Park Rapids city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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) for Park Rapids city, Minnesota (place:49768, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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.
Figures last updated on .
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