Highland / Mac Groveland / Summit, MN
June 2026
55105,55116
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,096 – $1,187 | 0.95% | 5.62% |
| 2-Bedroom | $1,412 – $1,529 | -0.52% | -2.27% |
| 3-Bedroom | $2,240 – $2,389 | 4.39% | -3.55% |
| 4-Bedroom | $2,681 – $2,934 | -1.04% | -1.63% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,251 – $1,315 | -0.67% | 7.26% |
| 2-Bedroom | $1,711 – $1,824 | 1.66% | 4.18% |
| 3-Bedroom | $2,559 – $2,717 | 0.53% | 2.15% |
| 4-Bedroom | $2,897 – $3,077 | 1.27% | 2.63% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,754 – $1,833 | 1.31% | 4.96% |
| 2-Bedroom | $1,998 – $2,100 | -0.84% | 2.12% |
| 3-Bedroom | $2,460 – $2,612 | -0.71% | -1.66% |
| 4-Bedroom | $2,728 – $2,897 | -0.48% | -0.88% |
In the Highland / Mac Groveland / Summit (55105, 55116) rental market, single-family 2-bedroom homes posted a monthly rent increase of 2.43%, with the median reaching $2,066 in May 2026. This notable MoM growth distinguishes this segment from others in Highland / Mac Groveland / Summit (55105, 55116), making it a point of interest for investors watching short-term price movements.
Among entry-level options, 1-bedroom condos in Highland / Mac Groveland / Summit (55105, 55116) rent for $1,290, leading 1-bedroom apartments by $148, as apartments are at $1,142. This premium suggests higher perceived value or demand for condos in the smallest segment, relevant for landlords or investors calibrating amenities and pricing.
A 4.02% year-over-year decline saw median rents for 3-bedroom apartments fall to $2,241, shaping Highland / Mac Groveland / Summit (55105, 55116) rental trends for larger multifamily units. This downward movement may prompt property owners to revisit marketing or renewal approaches for three-bedroom apartments in the area.