Department of Numbers

St Cloud Minnesota Residential Rent and Rental Statistics

The median monthly gross residential rent in St Cloud, MN (the St Cloud metro area) was $751 in 2015 according to the Census ACS survey.1 Average gross rent in St Cloud was $742 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 St Cloud median and average rent data will be released in September of 2017.

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.

Show dollars as: Nominal Real

Real Gross Rent in St Cloud Minnesota (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Minnesota Median Gross Rent $888 +3.86% +8.96%
St Cloud, MN Median Gross Rent $751 +8.37% +10.60%

St Cloud, MN Real Gross Rent Trends

Median gross rent for St Cloud peaked in real terms in 2011 at $756 and is now $5 (0.66%) lower. From a recent low of 679.0 in 2012, real median gross rent has now increased by $72 (10.60%). Average gross rent for St Cloud peaked in real terms in 2011 at $773 and is now $31 (4.01%) lower.

Real Gross Rent in St Cloud: St Cloud MN Median, St Cloud MN Average, Minnesota Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for St Cloud

Date US
Median
Minnesota
Median
St Cloud, MN
Median
St Cloud, MN
Average
2015 $959 $888 $751 $742
2014 $930 $855 $693 $716
2013 $898 $826 $695 $708
2012 $886 $815 $679 $705
2011 $887 $801 $756 $773
2010 $901 $805 $693 $692
2009 $905 $813 $718 $746
2008 $920 $819 $703 $698
2007 $874 $787 $700 $742
2006 $883 $811 $721 $747
2005 $858 $816 $729 $754

St Cloud Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for St Cloud Minnesota was 1.70% according to Census ACS data.

Rental Vacancy Rate in St Cloud Minnesota

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Minnesota 4.35% -0.18% +0.25%
St Cloud, MN 1.70% -3.96% -1.68%

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 10.30% to 1.70%. Data records for this series originated in 2005.

Rental Vacancy Rate: St Cloud MN, Minnesota, US

Rental vacancy rate in Minnesota

Historical Rental Vacancy Rate data for St Cloud

Date US Minnesota St Cloud, MN
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%
2008 7.86% 5.76% 8.03%
2007 7.87% 7.07% 9.10%
2006 7.70% 8.06% 5.06%
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 16.64% in 2015 according to the ACS.

St Cloud Minnesota Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Minnesota 16.78% +0.02% +0.22%
St Cloud, MN 16.64% +1.56% +1.75%

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 0.56% to 16.64%.

Fraction of Income towards Rent: St Cloud MN, Minnesota, US

Percent of median household income going towards median monthly gross rent in St Cloud Minnesota

Historical Data for Annual Rent as a Fraction of Income in St Cloud Minnesota

Date US Minnesota St Cloud, MN
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%
2008 19.00% 15.37% 14.63%
2007 18.66% 15.29% 15.00%
2006 18.90% 15.57% 15.42%
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 2015 34.64% of households were renters according to Census ACS data.

St Cloud Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Minnesota 29.06% +0.75% +0.50%
St Cloud, MN 34.64% +5.47% +6.52%

Trends in the St Cloud, MN Renter Fraction

At 34.64%, the 2015 household based renter fraction in St Cloud was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: St Cloud MN, Minnesota, US

Fraction of renters in St Cloud

History of St Cloud Renter Fraction

Date US Minnesota St Cloud, MN
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%
2008 33.36% 25.34% 25.57%
2007 32.80% 24.76% 26.95%
2006 32.73% 23.70% 26.81%
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.