911 NW 8th St
Grand RapidsMN55744
Cheap Homes for Rent in Mountain Iron, MN from $1,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in Mountain Iron.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
211 2nd Ave
BoveyMN55709
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
515 Pierce St
EvelethMN55734
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Mountain Iron, MN Local Guide
The Mesabi Iron Range by Roy Luck is licensed under CC BY 2.0
How much does it cost to rent a home in Mountain Iron?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mountain Iron 2 Bedroom Homes for Rent | $1,275 | $1,275 | $1,275 |
| Mountain Iron 3 Bedroom Homes for Rent | $2,195 | $2,195 | $2,195 |
| Mountain Iron 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Mountain Iron, MN Local Guide
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Best Value Apartments for Rent in Mountain Iron, MN and Nearby
As of May 28, 2026 the best value apartment in the Mountain Iron area is the $0.90 price per square foot 2 Bed + 1 Bath Model at Meadowbrook Apartments in the starting from $895. The second greatest value Mountain Iron apartment is the 2 Bedroom Model at Ivy Manor Apartments starting at $958 with a $1.05 price per square foot . Here is today’s list of the best values for Mountain Iron apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Meadowbrook Apartments | 2 Bed + 1 Bath | 2BR,1BA | $0.90 |
| Ivy Manor Apartments | 2 Bedroom | 2BR,1BA | $1.05 |
| 5739 Marble Ave | 2 Bedroom | 2BR,1BA | $1.13 |
| City View Apartments | 1 Bed and 1 Bath | 1BR,1BA | $1.80 |
| Silverwood Apartments | 1 Bedroom | 1BR,1BA | $1.22 |
| Meadowview Apartments | 2 Bdr - Subsidized | 1BR,1BA | $1.19 |
| Hilltop Manor | One Bedroom | 1BR,1BA | $1.64 |
| Mountain Manor Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.40 |
| Canal Apartments | Efficiency | Studio ,1BA | $1.78 |
| Laurentian Apartments | Studio | 1BR,1BA | $1.50 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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See the most popular apartments and homes in Mountain Iron, MN
Frequently Asked Questions about Mountain Iron
What type of rentals are currently available in Mountain Iron?
There are currently 50 Apartments for Rent in Mountain Iron, MN with pricing that ranges from $575 to $1,500. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mountain Iron ranging from $1,025 to $2,500.
What is the current price range for Rental Homes in Mountain Iron?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mountain Iron ranges from $1,025 to $2,500 with an average monthly rent of $1,719.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.