Apartments for rent in Montgomery, MN

Montgomery is a small town in Minnesota with a population of approximately 3,000. The town's residents, at an average age of just under 39, skew younger than most cities in Minnesota. Home ownership is more common than renting in Montgomery, and 24% of residents rent. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $765/month. Over the course of a year, renters in Montgomery will save around $2,700 compared to the state average.

Montgomery has a high number of residents older than 25 who have an Associate's degree (8%) compared to the national average (5%). In addition, 6% have a Bachelor's degree and 1% have earned a Master's degree or Doctorate. There are five primary industries in Montgomery: manufacturing, retail, construction, healthcare, and education. Together, these industries account for 41% of the town's labor force. Meanwhile, in terms of job function, many residents work in transportation, as 12% of the town's population reports this as their field of work, the highest number of any profession. Montgomery workers earn an average annual income of about $66K, around $15,000 less than the Minnesota average. The town's average income also falls below the national average of $73,345.

With an average commute time of about 31 minutes, longer than most cities in Minnesota, Montgomery residents find that getting to work takes some patience. Driving a vehicle is the typical means of commuting to work, selected by 50% of workers, while public transportation is not extensively used. Walking (2%) isn't a common way to get to work, though the number does exceed the national average.