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 | Virginia | $1,644/mo | 76 | View → |
| 2 | Hibbing | $1,765/mo | 72 | View → |
| 3 | Park Rapids | $1,893/mo | 69 | View → |
| 4 | Albert Lea | $1,917/mo | 68 | View → |
| 5 | Little Falls | $1,933/mo | 68 | View → |
| 6 | Pine City | $1,925/mo | 68 | View → |
| 7 | Mora | $1,949/mo | 67 | View → |
| 8 | Thief River Falls | $2,005/mo | 66 | View → |
| 9 | Cloquet | $2,037/mo | 65 | View → |
| 10 | Worthington | $2,013/mo | 65 | View → |
| 11 | Aitkin | $2,013/mo | 65 | View → |
| 12 | Grand Rapids | $2,045/mo | 64 | View → |
| 13 | International Falls | $2,093/mo | 63 | View → |
| 14 | Willmar | $2,133/mo | 62 | View → |
| 15 | South Saint Paul | $2,133/mo | 62 | View → |
| 16 | Fairmont | $2,141/mo | 62 | View → |
| 17 | Crookston | $2,125/mo | 62 | View → |
| 18 | Sauk Centre | $2,141/mo | 62 | View → |
| 19 | Winona | $2,182/mo | 61 | View → |
| 20 | Fergus Falls | $2,150/mo | 61 | View → |
| 21 | New Ulm | $2,174/mo | 61 | View → |
| 22 | Detroit Lakes | $2,150/mo | 61 | View → |
| 23 | Montevideo | $2,182/mo | 61 | View → |
| 24 | Brainerd | $2,198/mo | 60 | View → |
| 25 | Austin | $2,214/mo | 60 | View → |
| 26 | Marshall | $2,214/mo | 60 | View → |
| 27 | Litchfield | $2,198/mo | 60 | View → |
| 28 | Alexandria | $2,222/mo | 59 | View → |
| 29 | Princeton | $2,246/mo | 59 | View → |
| 30 | Milaca | $2,222/mo | 59 | View → |
| 31 | Saint Cloud | $2,254/mo | 58 | View → |
| 32 | Bemidji | $2,286/mo | 58 | View → |
| 33 | Hutchinson | $2,286/mo | 58 | View → |
| 34 | Sauk Rapids | $2,286/mo | 58 | View → |
| 35 | Waseca | $2,270/mo | 58 | View → |
| 36 | East Grand Forks | $2,302/mo | 57 | View → |
| 37 | Lake City | $2,318/mo | 57 | View → |
| 38 | Moorhead | $2,326/mo | 56 | View → |
| 39 | Red Wing | $2,350/mo | 56 | View → |
| 40 | Saint Peter | $2,326/mo | 56 | View → |
| 41 | Cambridge | $2,358/mo | 55 | View → |
| 42 | Glencoe | $2,374/mo | 55 | View → |
| 43 | Isanti | $2,398/mo | 54 | View → |
| 44 | Saint Joseph | $2,454/mo | 53 | View → |
| 45 | La Crescent | $2,462/mo | 53 | View → |
| 46 | Faribault | $2,470/mo | 52 | View → |
| 47 | North Branch | $2,470/mo | 52 | View → |
| 48 | Duluth | $2,502/mo | 51 | View → |
| 49 | Mankato | $2,518/mo | 51 | View → |
| 50 | Saint Francis | $2,543/mo | 50 | 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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