Rentometer, Inc. | Data as of 10/22/2025
Mountain Iron, nestled in the heart of Minnesota’s historic Iron Range, blends small‑town charm with easy access to abundant outdoor recreation. Residents enjoy proximity to the scenic Lake Vermilion, the rugged beauty of the Mesabi Range, and a vibrant downtown that features locally owned restaurants, craft breweries, and seasonal festivals. The city’s well‑maintained parks, such as Rouchleau Park, and nearby snow‑shoe trails make it a year‑round destination for families and outdoor enthusiasts alike.
The rental market in Mountain Iron is anchored by a variety of apartment options, ranging from efficient one‑bedroom units to more spacious two‑bedroom layouts. Rent typically falls in the $800s for one‑bedroom apartments and around the $1100 range for two‑bedroom homes, reflecting the city’s affordable cost‑of‑living advantage while still offering modern amenities. With most rentals concentrated in convenient neighborhoods like the historic downtown district and the newer River Side community, tenants benefit from short commutes to schools, healthcare facilities, and major retail corridors.
Beyond housing, Mountain Iron offers a welcoming community atmosphere supported by highly regarded schools and reliable public transportation that connects to the broader Quad‑Cities region. Ongoing development projects aim to enhance local infrastructure and expand recreational amenities, positioning the city for steady growth. Whether you’re seeking a quiet retreat close to nature or a vibrant community with strong local ties, Mountain Iron provides an appealing blend of affordable rentals and quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $805 | $777 | $605 - $1,060 | $760 - $1,060 |
| Apartment | 2 Bedroom | $1,103 | $1,100 | $1,080 - $1,130 | $1,080 - $1,130 |
In the current period, the average rent in Mountain Iron was
$805 for 1 Bedroom, and
$1,103 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.