Last updated
Average Rent in Park Point & Rent Trends
Rent prices and market trends across 1 apartment community in Park Point, Duluth, MN. Updated daily.
Market Average
$1,384/mo
Lowest Available
$1,384/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
1
available now
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Park Point vs Duluth, MN Average
Park Point is cheaper than the Duluth, MN average by $1,204/mo (47%). The citywide average is $2,588/mo across all neighborhoods.
Is Rent Going Up or Down in Park Point?
As of October 2026, the average rent in Park Point is $1,384 per month across 1 apartment community and 1 available units.
The most affordable option is Munger Terrace Apartments starting at $1,384/mo. By unit type, a 1-bedroom averages $1,384/mo.
Prices range from $1,384 to $1,384 per month. The most common price point is the $1,200 range, where 1 units are currently listed.
Rent by Bedroom Type in Park Point
Rent Prices by Apartment in Park Point
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Munger Terrace Apartments | $1,384/mo | $1,384/mo | 1 | 4 |
Frequently Asked Questions About Rent in Park Point
What is the average rent in Park Point?
Is rent going up or down in Park Point?
What is the cheapest apartment in Park Point?
How much is a 1-bedroom apartment in Park Point?
How many apartments are available in Park Point?
What salary do I need to live comfortably in Park Point?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$55,000/year
Based on the 30 percent rule, using our tracked average rent of $1,384/mo.
Comfortable income
$66,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
Median household income in Park Point is $66,263 , about 0% above the comfortable-living threshold.
Cost of living in Park Point
Overall prices in Park Point runs below the national average by about 13% (BEA Regional Price Parity index 87.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Park Point's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,384 |
| Utilities | $281 |
| Groceries | $523 |
| Transportation | $669 |
| Healthcare | $326 |
| Other goods and services | $522 |
| Estimated total | $3,705/mo |
Population
86,863
Median household income
$66,263
Census median rent
$1,037/mo
Census rent burden
33.0%
Median age
35.2
Mean commute
17 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Park Point Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Park Point Apartments
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