Cheapest rent-to-own markets in Minnesota.
Rent-to-own works best where monthly carrying costs are reachable on a typical household income. This ranks Minnesota by estimated monthly payment on a median-priced home with a 10% option fee.
Last updated
Minnesota ranking
50 cities ranked. Click any row for the matching local page.
| # | City | Est. monthly payment | Score | |
|---|---|---|---|---|
| 1 | Wayzata | $4,299/mo | 0 | View → |
| 2 | Excelsior | $4,010/mo | 8 | View → |
| 3 | Minneapolis | $3,770/mo | 15 | View → |
| 4 | Eden Prairie | $3,778/mo | 15 | View → |
| 5 | Prior Lake | $3,730/mo | 16 | View → |
| 6 | Lakeville | $3,714/mo | 17 | View → |
| 7 | Osseo | $3,657/mo | 18 | View → |
| 8 | Rochester | $3,585/mo | 20 | View → |
| 9 | Savage | $3,601/mo | 20 | View → |
| 10 | Andover | $3,553/mo | 21 | View → |
| 11 | Chanhassen | $3,569/mo | 21 | View → |
| 12 | Saint Paul | $3,521/mo | 22 | View → |
| 13 | Stillwater | $3,521/mo | 22 | View → |
| 14 | Lake Elmo | $3,537/mo | 22 | View → |
| 15 | Shakopee | $3,425/mo | 25 | View → |
| 16 | Rosemount | $3,425/mo | 25 | View → |
| 17 | Chaska | $3,425/mo | 25 | View → |
| 18 | Minnetonka | $3,417/mo | 25 | View → |
| 19 | Circle Pines | $3,385/mo | 26 | View → |
| 20 | Cottage Grove | $3,369/mo | 27 | View → |
| 21 | Inver Grove Heights | $3,345/mo | 27 | View → |
| 22 | Farmington | $3,353/mo | 27 | View → |
| 23 | Mound | $3,337/mo | 28 | View → |
| 24 | Rogers | $3,288/mo | 29 | View → |
| 25 | Elk River | $3,256/mo | 30 | View → |
| 26 | Hugo | $3,200/mo | 31 | View → |
| 27 | Hopkins | $3,184/mo | 32 | View → |
| 28 | Hastings | $3,168/mo | 32 | View → |
| 29 | Saint Michael | $3,176/mo | 32 | View → |
| 30 | Cedar | $3,168/mo | 32 | View → |
| 31 | Albertville | $3,144/mo | 33 | View → |
| 32 | Jordan | $3,152/mo | 33 | View → |
| 33 | Champlin | $3,120/mo | 34 | View → |
| 34 | Waconia | $3,096/mo | 34 | View → |
| 35 | Delano | $3,112/mo | 34 | View → |
| 36 | Anoka | $3,000/mo | 37 | View → |
| 37 | Big Lake | $2,992/mo | 37 | View → |
| 38 | New Prague | $3,000/mo | 37 | View → |
| 39 | Burnsville | $2,976/mo | 38 | View → |
| 40 | Becker | $2,927/mo | 39 | View → |
| 41 | Forest Lake | $2,887/mo | 40 | View → |
| 42 | Sartell | $2,903/mo | 40 | View → |
| 43 | Wyoming | $2,903/mo | 40 | View → |
| 44 | Baxter | $2,887/mo | 40 | View → |
| 45 | Lindstrom | $2,871/mo | 41 | View → |
| 46 | Northfield | $2,791/mo | 43 | View → |
| 47 | Monticello | $2,783/mo | 43 | View → |
| 48 | Buffalo | $2,743/mo | 44 | View → |
| 49 | Zimmerman | $2,671/mo | 47 | View → |
| 50 | Cold Spring | $2,663/mo | 47 | View → |
Methodology
Estimated monthly payment = (median home price × 0.9) amortized at 8% over 30 years + 1.2% taxes + 0.5% insurance, divided by 12. Lower payment = better rent-to-own market.
FAQ
- What makes a Minnesota rent-to-own market 'cheap'?
- Low estimated monthly payment relative to local incomes. Sub-$1,500/month markets are the most accessible.
- Are option fees included?
- We assume 10% option fee credited toward purchase; the monthly payment estimate excludes that up-front amount.
- Does this guarantee a home at this price?
- No. Listings vary; this is a market-level estimate to compare cities side-by-side.
Other reports for Minnesota
Best Cities for Owner Financing
Cities With Most FSBO Activity
Investor Competition by Market
Estimated Owner-Finance Down Payment by City
Cities With Most Cash Buyers
Foreclosure Risk by City
Most Affordable Cities for Buyers
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