The rental market in Moorhead, MN is a great option for both college students and families alike. Moorhead is a city located in Clay County, Minnesota, and it is the largest city in Minnesota’s Clay County. It is situated on the Red River of the North, and is part of the Fargo-Moorhead metropolitan area. The city has a population of 39,502 people and a median household income of $41,921.
The rental market in Moorhead offers a variety of options for those looking for a place to call home. There is a wide range of rental prices in Moorhead, from studios to 4 bedroom houses. The average rent for a studio apartment is around $700 per month, and for a 4 bedroom house it is about $1,500 per month. The neighborhood that has the highest rental rates is around the Minnesota State University Moorhead (MSUM) campus.
Moorhead is a great place for families and college students alike, as it is home to some of the best schools in the area. The top-ranked school district in Moorhead is Moorhead Area Public Schools, which has both elementary and secondary schools. It also offers a variety of programs, such as special education
The average rental price of an apartment in Moorhead, MN is $935 per month. The average rental price of a townhouse in Moorhead, MN is $1,133 per month. The average rental price of a condo in Moorhead, MN is $1,039 per month. The average rental price of a loft in Moorhead, MN is $1,039 per month. The average rental price of a single family home in Moorhead, MN is $1,357 per month.
Rental prices in Moorhead, MN have generally been steadily increasing over the last 5 years. According to Rent Jungle, the average rent for a one-bedroom apartment in Moorhead in 2016 was $610. By 2021, the average rent for a one-bedroom apartment had increased to $745, representing a 22.8% increase in rent over the 5-year period. Two-bedroom apartments experienced a similar trend, with rents increasing from an average of $735 in 2016 to an average of $904 in 2021, representing a 23.1% increase in rent.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Moorhead, MN are $800, $900, and $1,100, respectively.
Moorhead, MN is located in Clay County, Minnesota and is part of the Fargo-Moorhead Metropolitan Statistical Area. The school districts in Moorhead are part of the Minnesota State system and are highly rated. The average test scores are higher than the national average, with the percentage of students meeting standards in reading and math surpassing the national average. Additionally, the graduation rate in Moorhead is higher than the national average, with a rate of 92.9% in the 2019-2020 school year.
1. Concordia
2. Downtown
3. Oakport
4. 19th Avenue South
5. Southside Hill
1. Riverwood Estates
2. North Moorhead
3. Shadow Wood
4. Oakwood Park
5. Wildwood Estates