Duluth, MN Rental Market
Duluth is a Great Lakes port city on the western tip of Lake Superior, with a diversified economy spanning healthcare (Essentia Health, St. Luke's), the University of Minnesota Duluth, logistics, and a growing outdoor recreation and tourism sector. The city's dramatic hillside topography, unique architecture, and Lake Superior views attract a strong in-migration of remote workers and outdoor enthusiasts. A smaller but stable market with genuine lifestyle appeal.
Get a rent estimate for an address in DuluthAverage Rent in Duluth, MN
$980
per month · 2026-06
Market Score
Key Facts — Duluth, MN Rental Market
- Average rent in Duluth, MN:$980/mo
- Median rent:$902/mo
- Rent range:$500 – $2,150/mo
- Most common rental (2 bedrooms):$875/mo
- Active listings:420
- Avg days to lease:36 days
- Year-over-year change:+2.5%
- Median home value:$185,000
- Est. gross annual yield:6.4%
- Data as of:2026-06
Rent by Bedroom in Duluth, MN
Average monthly rent for each bedroom type based on current active listings in Duluth.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $875/mo |
3 Bedrooms | $1,100/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,550/mo |
Duluth Rental Market Statistics
Key indicators from the current Duluth, MN rental market.
420
Available now in Duluth
36
From list to lease
$0.79
Average across listings
1,244 sq ft
Typical rental size
$500 – $2,150
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in Duluth, MN Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$185,000
Typical purchase price in Duluth
Est. Gross Annual Yield
6.4%
Before expenses & vacancy
Avg Monthly Income
$980
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Duluth for a full cash-flow breakdown including all costs.
Duluth, MN Rental Market FAQ
Common questions about renting and investing in Duluth, MN.
What is the average rent in Duluth, MN?
The average rent in Duluth, MN is $980 per month as of 2026. One-bedroom apartments average $700/mo, two-bedrooms $875/mo, and three-bedroom homes $1,100/mo. Duluth's hillside neighborhoods with Lake Superior views command above-average rents.
Is Duluth, MN a good place to invest in rental property?
Duluth offers a 6.4% estimated gross yield with accessible home prices (~$185,000). Essentia Health and UMD provide a stable institutional tenant base. The city's growing appeal to remote workers and outdoor enthusiasts is adding new demand beyond the traditional healthcare and university tenant profile.
How competitive is the Duluth, MN rental market?
Duluth averages 36 days on market with approximately 420 active listings. The market is moderately competitive — Canal Park, the East Hillside, and the Lakewalk-adjacent neighborhoods are the most desirable and lease fastest. UMD campus proximity also drives demand in the UMD neighborhood.
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