Rentometer, Inc. | Data as of 10/22/2025
Mahtomedi, a charming city nestled along the north shore of Lake Elmo in Minnesota, offers a blend of natural beauty and convenient suburban living. Residents enjoy easy access to the scenic lakefront, leafy parks, and the historic downtown district, which features boutique shops, cozy cafés, and community events that foster a welcoming small‑town atmosphere. Its proximity to major highways and the Twin Cities makes commuting straightforward, while the highly rated local schools and family‑focused amenities enhance the city’s appeal for both young professionals and growing families.
The rental market in Mahtomedi reflects the area’s balanced mix of housing options, featuring a range of apartments and single‑family homes. Two‑bedroom apartments typically rent in the $1500‑$1700 range, while three‑bedroom units are commonly found in the $1900‑$2100 range, offering competitive choices for renters seeking space and comfort. With contemporary apartment complexes and well‑maintained houses, the city accommodates diverse lifestyle preferences, whether you’re looking for modern amenities, quiet neighborhoods, or easy access to outdoor recreation.
Neighborhoods such as the Riverfront District and the historic Mahtomedi Village provide distinct character, from lake‑view trails to tree‑lined streets lined with classic homes. Residents benefit from a strong sense of community, excellent schools, and a variety of recreational options including boating, biking, and seasonal festivals. The city’s blend of natural scenery, convenient location, and vibrant rental market makes Mahtomedi an attractive destination for those seeking a high quality of life in Minnesota.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 2 Bedroom | $1,670 | $1,560 | $1,525 - $1,925 | $1,525 - $1,925 |
| Apartment | 3 Bedroom | $1,951 | $1,932 | $1,695 - $2,244 | $1,770 - $2,244 |
In the current period, the average rent in Mahtomedi was
$1,670 for 2 Bedroom, and
$1,951 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.