Property prices for rent in Detroit Lakes (Minnesota)

The rent prices in real estate in Detroit Lakes, in the Minnesota region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,384
Average price last 6 months
$1.59
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Detroit Lakes has risen strongly during the last 6 months. In September, the average price per sq.feet was $1.34. In the following month the price per sq.feet rose to $1.52. In the following two months the price per sq.feet has risen 112 %, going from $1.43 to $1.61 per sq.feet. The price per sq.feet has risen 115 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.52 to $1.74 during January, and February.

Average price

When referring to the price in Detroit Lakes (cities), this has fallen considerably in the last 6 months. The rent price in September is $1,765, rising in October till $1,895. During the following two months (November, December) the average price had a considerable fall of 68 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,536.25 to $1,079.5, which means a 70 % fall.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,026 they are 22 % more affordable than the average price for Detroit Lakes . The properties with the highest average price have 4 bedrooms, Their price is 55 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,279.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1.2 / sq.feet, with an average $1.76 / sq.feet price in Detroit Lakes. The properties with the most expensive average prices have 2 bedrooms. They are 5 % more expensive than the average followed by properties with 1 bedroom with a price at $1.83 / sq.feet.

Price per property type

According to average price per property type in Detroit Lakes, "" priced at $941 is 8 % lower than the average price ($1,026) in this city.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Detroit Lakes
Number of properties used in region Minnesota
$1,026
$1.76
274
154,158
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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