Highland / Mac Groveland / Summit, MN
August 2026
55105,55116
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,124 – $1,217 | 0.87% | 7.71% |
| 2-Bedroom | $1,462 – $1,584 | -4.08% | 0.79% |
| 3-Bedroom | $2,383 – $2,506 | 3.25% | 1.26% |
| 4-Bedroom | $2,736 – $2,906 | 2.02% | -1.88% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,301 – $1,381 | 4.00% | 15.05% |
| 2-Bedroom | $1,726 – $1,840 | 0.61% | 3.84% |
| 3-Bedroom | $2,503 – $2,658 | -1.82% | -1.73% |
| 4-Bedroom | $2,949 – $3,131 | 1.17% | 2.67% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,722 – $1,811 | -0.98% | 2.98% |
| 2-Bedroom | $2,053 – $2,159 | -0.15% | 2.86% |
| 3-Bedroom | $2,520 – $2,676 | 1.70% | -1.14% |
| 4-Bedroom | $2,885 – $3,064 | 5.68% | 2.76% |
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.