St. Cloud, Minnesota Ranks Among The Nation’s Best Rental Values

Like everything else in the world, the cost to rent a home, townhome or apartment  is steadily rising. However, several Minnesota cities are near the bottom of the list when it comes to the most expensive metro areas in the country... including St. Cloud.

LawnLove conducted a survey of the United States' 196 biggest metro areas and ranked them based on rent, year-to-year rent change and the share of cost-burdened renters.

It also took into account 'cost inflators' like renters insurance and number of real estate investment trusts.

LAWNLOVE:

Even with rent prices cooling, affordability remains one of the biggest forces shaping where people put down roots. For many renters, the monthly payment decides where they live, how long they can stay, and what kind of future they can plan for. It also determines whether they have a yard, a patch of grass, or outdoor space to call their own.

ST. CLOUD RANKS FAVORABLY 

St. Cloud, Minnesota ranked as the 22nd least expensive metro area in the country in the study, ranking #168 in 'Financial Burden' and #177 in 'Cost Inflators' (with #1 being the most).

AROUND THE STATE 

Fargo-Moorhead ranked fourth overall in the survey, including a #191 finish in 'Financial Burden' and a #184 spot in the 'Cost Inflators' category.

Minneapolis-St.Paul-Bloomington's metro area also fared well in the study, ranking #18 overall. It finished very strongly in the Financial Burden category at #177 and did well in the 'Cost Inflators' category at #104.

Duluth ranked #53 overall, Rochester #28, and the Grand Forks area at #44.