St Cloud Minnesota Residential Rent and Rental Statistics
The median monthly gross residential rent in St Cloud, MN (the St Cloud metro area) was $849 in 2019 according to the Census ACS survey.1 Average gross rent in St Cloud was $843 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 St Cloud median and average rent data will be released in September of 2021.
Data is also available below for St Cloud rental vacancy rates, St Cloud rent as a percent of median income and the fraction of renters in St Cloud.
Real Gross Rent in St Cloud Minnesota (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Minnesota Median Gross Rent | $1,016 | +2.94% | +6.39% |
| St Cloud, MN Median Gross Rent | $849 | +2.91% | +4.04% |
St Cloud, MN Real Gross Rent Trends
At $849, real median gross rent in St Cloud was at its highest level in 2019 since the series began in 2005. At $843, real average gross rent in St Cloud was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in St Cloud: St Cloud MN Median, St Cloud MN Average, Minnesota Median, US Median
Real Gross Rent History for St Cloud
| Date | US Median |
Minnesota Median |
St Cloud, MN Median |
St Cloud, MN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,016 | $849 | $843 |
| 2018 | $1,077 | $987 | $825 | $841 |
| 2017 | $1,043 | $968 | $792 | $797 |
| 2016 | $1,027 | $955 | $816 | $823 |
| 2015 | $1,017 | $942 | $797 | $787 |
| 2014 | $986 | $907 | $735 | $759 |
| 2013 | $953 | $876 | $737 | $751 |
| 2012 | $940 | $865 | $720 | $748 |
| 2011 | $941 | $850 | $802 | $820 |
| 2010 | $955 | $854 | $735 | $734 |
| 2009 | $960 | $863 | $761 | $791 |
| 2007 | $927 | $835 | $743 | $787 |
| 2005 | $910 | $865 | $774 | $800 |
St Cloud Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for St Cloud Minnesota was 1.44% according to Census ACS data.
Rental Vacancy Rate in St Cloud Minnesota
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Minnesota | 4.76% | +0.21% | +0.75% |
| St Cloud, MN | 1.44% | -2.86% | -0.50% |
Trends in St Cloud, MN Rental Vacancy Rate
The rental vacancy rate in St Cloud peaked in 2005 at 12.00%. Since then it has fallen by 10.56% to 1.44%. Data records for this series originated in 2005.
Rental Vacancy Rate: St Cloud MN, Minnesota, US
Historical Rental Vacancy Rate data for St Cloud
| Date | US | Minnesota | St Cloud, MN |
|---|---|---|---|
| 2019 | 5.97% | 4.76% | 1.44% |
| 2018 | 6.15% | 4.55% | 4.30% |
| 2017 | 6.18% | 4.31% | — |
| 2016 | 5.89% | 4.01% | 1.94% |
| 2015 | 5.85% | 4.35% | 1.70% |
| 2014 | 6.32% | 4.53% | 5.66% |
| 2013 | 6.49% | 3.94% | 5.46% |
| 2012 | 6.77% | 4.10% | 3.38% |
| 2011 | 7.40% | 5.37% | 7.83% |
| 2010 | 8.17% | 5.96% | 7.71% |
| 2009 | 8.43% | 5.97% | 5.56% |
| 2007 | 7.87% | 7.07% | 9.10% |
| 2005 | 7.74% | 8.20% | 12.00% |
Rent as a Fraction of Income
Using median household income data for St Cloud, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For St Cloud, median monthly gross rent as a fraction of median household income was 15.42% in 2019 according to the ACS.
St Cloud Minnesota Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Minnesota | 16.34% | -0.19% | -0.34% |
| St Cloud, MN | 15.42% | -0.58% | -1.09% |
Trends in St Cloud, MN Rent as a Fraction of Income
The fraction of median St Cloud household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 17.20%. Since then it has fallen by 1.78% to 15.42%.
Fraction of Income towards Rent: St Cloud MN, Minnesota, US
Historical Data for Annual Rent as a Fraction of Income in St Cloud Minnesota
| Date | US | Minnesota | St Cloud, MN |
|---|---|---|---|
| 2019 | 20.03% | 16.34% | 15.42% |
| 2018 | 20.50% | 16.54% | 16.00% |
| 2017 | 20.13% | 16.48% | 14.88% |
| 2016 | 20.43% | 16.68% | 16.51% |
| 2015 | 20.63% | 16.78% | 16.64% |
| 2014 | 20.89% | 16.77% | 15.08% |
| 2013 | 20.78% | 16.45% | 15.13% |
| 2012 | 20.65% | 16.56% | 14.89% |
| 2011 | 20.70% | 16.58% | 17.20% |
| 2010 | 20.50% | 16.53% | 15.77% |
| 2009 | 20.12% | 16.33% | 16.69% |
| 2007 | 18.66% | 15.29% | 15.00% |
| 2005 | 18.89% | 15.96% | 16.02% |
Renter Fraction in St Cloud Minnesota
You can calculate the renter fraction in St Cloud in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in St Cloud as a fraction of total St Cloud households. In 2019 32.19% of households were renters according to Census ACS data.
St Cloud Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Minnesota | 28.08% | -0.47% | -0.62% |
| St Cloud, MN | 32.19% | -0.20% | +0.67% |
Trends in the St Cloud, MN Renter Fraction
The St Cloud household renter fraction peaked in in 2015 at 34.64% and is now 2.45% below that level. The origin year for the series is 2005.
Fraction of Renting Households: St Cloud MN, Minnesota, US
History of St Cloud Renter Fraction
| Date | US | Minnesota | St Cloud, MN |
|---|---|---|---|
| 2019 | 35.89% | 28.08% | 32.19% |
| 2018 | 36.05% | 28.55% | 32.39% |
| 2017 | 36.13% | 28.43% | 29.89% |
| 2016 | 36.88% | 28.70% | 31.52% |
| 2015 | 36.97% | 29.06% | 34.64% |
| 2014 | 36.90% | 28.31% | 29.17% |
| 2013 | 36.50% | 28.45% | 30.85% |
| 2012 | 36.09% | 28.56% | 28.12% |
| 2011 | 35.42% | 27.24% | 28.32% |
| 2010 | 34.65% | 26.98% | 27.71% |
| 2009 | 34.13% | 26.29% | 27.96% |
| 2007 | 32.80% | 24.76% | 26.95% |
| 2005 | 33.10% | 24.23% | 28.09% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
