Rentometer, Inc. | Data as of 10/22/2025
Park Rapids, nestled in the heart of Minnesota’s lake country, offers renters a blend of small‑town charm and outdoor adventure. The city's vibrant downtown features boutique shops, local eateries, and easy access to the scenic Rainy River, making it an attractive base for professionals, families, and students alike. With a mix of historic homes and modern apartment communities, renters can choose from tranquil lakeside properties to conveniently located units just steps from public transportation and community parks.
The rental market in Park Rapids reflects the area’s balanced lifestyle. One‑bedroom apartments typically fall in the $850s, while two‑bedroom units hover around the $1,000 range, offering affordable options for a variety of household sizes. In addition to apartments, the city includes single‑family houses that provide extra space and a more traditional living experience. Proximity to popular attractions such as Itasca State Park, the Paul Bunyan State Trail, and the annual County Fair enriches the resident experience, ensuring that leisure activities are never far from home.
Neighborhoods like the historic Riverside district and the newer Lakeview community each bring their own character, from tree‑lined streets and well‑maintained sidewalks to newer developments with contemporary amenities. Whether you’re seeking a quiet retreat near the water or a lively setting close to cultural events, Park Rapids delivers a welcoming rental environment that supports both comfort and an active, community‑focused lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $856 | $829 | $735 - $1,005 | $735 - $1,005 |
| Apartment | 2 Bedroom | $995 | $977 | $885 - $1,125 | $885 - $1,125 |
In the current period, the average rent in Park Rapids was
$856 for 1 Bedroom, and
$1,022 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.