Long-term Rental Rates — August 2026 · ZIPs: 55105
Local market data by Estaite
As of August 2026, rental prices in Summit Hill / Grand Avenue, MN range from $1,177 to $3,016 per month depending on property type and bedroom count.
The biggest year-over-year change was an 11.30% increase for 1BR condo/townhomes in Summit Hill / Grand Avenue, MN.
For 1BR units, single-family homes command $1,736, which is higher than apartments at $1,177 and condo/townhomes at $1,330.
What is the rent range in Summit Hill / Grand Avenue, MN for August 2026?
The rent range in Summit Hill / Grand Avenue, MN goes from $1,177 for a 1BR apartment to $3,016 for a 4BR condo/townhome in August 2026.
Which property and bedroom combination has the highest rent in Summit Hill / Grand Avenue, MN?
The highest rent in Summit Hill / Grand Avenue, MN for August 2026 is $3,016 for 4BR condo/townhomes.
Are rents mostly rising or falling across different segments in Summit Hill / Grand Avenue, MN for August 2026?
In Summit Hill / Grand Avenue, MN, rents are rising in segments such as 1BR apartments (+8.96% YoY) and 1BR condo/townhomes (+11.30% YoY), while other segments are seeing declines like 3BR condo/townhomes (-4.83% YoY) and 4BR apartments (-4.20% YoY).
For which bedroom count does one property type outperform all others in Summit Hill / Grand Avenue, MN?
For 1BR units, single-family homes have the highest median rent at $1,736 in Summit Hill / Grand Avenue, MN, compared to apartments at $1,177 and condo/townhomes at $1,330 as of August 2026.
Summit Hill / Grand Avenue, MN
August 2026
55105
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,130 – $1,224
0.31%
8.96%
2-Bedroom
$1,527 – $1,605
1.35%
2.22%
3-Bedroom
$2,360 – $2,481
2.93%
2.20%
4-Bedroom
$2,626 – $2,828
2.78%
-4.20%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,290 – $1,370
5.89%
11.30%
2-Bedroom
$1,737 – $1,852
0.91%
3.96%
3-Bedroom
$2,393 – $2,552
-5.20%
-4.83%
4-Bedroom
$2,926 – $3,106
1.45%
2.62%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,692 – $1,779
-2.17%
1.79%
2-Bedroom
$2,014 – $2,117
-1.37%
1.14%
3-Bedroom
$2,518 – $2,673
1.05%
-1.24%
4-Bedroom
$2,885 – $3,107
7.79%
3.75%
Data updated: September 22, 2026
Summit Hill / Grand Avenue Rental Trends
In the Summit Hill / Grand Avenue (55105) rental market, 1-bedroom apartments recorded a notable 6.04% monthly rise in median rent, reaching $1,173, with an 8.12% increase year-over-year. This growth highlights heightened interest in compact apartment units across Summit Hill / Grand Avenue (55105).
Among 3-bedroom properties in Summit Hill / Grand Avenue (55105), condos and townhomes rent for $2,608—$39 more than single-family homes at $2,569. This advantage for condos suggests larger multi-family units command a premium in this segment.
Recent data show Summit Hill / Grand Avenue (55105) rental trends include a sharp -3.68% month-over-month drop for 4-bedroom apartments, lowering median rent to $2,653; the year-over-year change is also negative at -6.24%, indicating less demand for larger apartment units.
12-Month Median Rent Trend
Apartment
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,177
$1,566
$2,420
$2,727
June 2026
$1,173
$1,545
$2,351
$2,653
May 2026
$1,106
$1,578
$2,284
$2,755
April 2026
$1,096
$1,653
$2,119
$2,738
March 2026
$1,164
$1,552
$2,372
$2,825
February 2026
$1,149
$1,521
$2,315
$2,836
January 2026
$1,153
$1,562
$2,340
$2,847
December 2025
$1,155
$1,582
$2,374
$2,876
November 2025
$1,158
$1,622
$2,395
$2,895
October 2025
$1,140
$1,630
$2,357
$2,887
September 2025
$1,106
$1,622
$2,373
$2,880
August 2025
$1,076
$1,563
$2,368
$2,866
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,330
$1,794
$2,473
$3,016
June 2026
$1,256
$1,778
$2,608
$2,973
May 2026
$1,250
$1,757
$2,589
$2,940
April 2026
$1,243
$1,749
$2,569
$3,058
March 2026
$1,288
$1,734
$2,559
$2,903
February 2026
$1,267
$1,718
$2,552
$2,921
January 2026
$1,268
$1,731
$2,568
$2,944
December 2025
$1,231
$1,746
$2,598
$2,972
November 2025
$1,255
$1,807
$2,622
$2,985
October 2025
$1,238
$1,805
$2,621
$2,982
September 2025
$1,244
$1,776
$2,622
$2,973
August 2025
$1,189
$1,746
$2,604
$2,956
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,736
$2,065
$2,596
$2,996
June 2026
$1,774
$2,094
$2,569
$2,780
May 2026
$1,751
$2,067
$2,602
$2,838
April 2026
$1,737
$2,056
$2,639
$2,816
March 2026
$1,727
$2,057
$2,583
$2,795
February 2026
$1,728
$2,066
$2,621
$2,819
January 2026
$1,735
$2,075
$2,559
$2,852
December 2025
$1,742
$2,095
$2,590
$2,912
November 2025
$1,745
$2,112
$2,662
$2,955
October 2025
$1,738
$2,106
$2,660
$2,926
September 2025
$1,728
$2,094
$2,659
$2,920
August 2025
$1,717
$2,074
$2,648
$2,908
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