Housing in Lincoln County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Lincoln County averages $674/month for a 2‑bedroom in 2024, compared to the Minnesota median of $1,280 and the national median of $1,413. Local renters spend approximately 22% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Lincoln County FMR Area are $671 for a studio, $742 for 1‑bedroom, $973 for 2‑bedroom, $1,283 for 3‑bedroom, and $1,288 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $299 increase for a 2-bedroom in Lincoln County shows a 44% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Lincoln County was 3.2% in 2024, compared to Minnesota at 3.0% and the national rate of 4.0%.

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Towns near Lake Benton

City
County
State
Miles
Lyon
MN
0.0
Lyon
MN
7.0
Lyon
MN
7.7
Lyon
MN
11.4
Lyon
MN
12.0
Lyon
MN
12.4
Lyon
MN
15.1
Lyon
MN
16.2
Lyon
MN
16.7
Lyon
MN
16.9
Lincoln
MN
20.9
Lincoln
MN
21.0
Lincoln
MN
22.4
Pipestone
MN
24.6
Lincoln
MN
27.9
Lincoln
MN
31.2
Pipestone
MN
32.8
Pipestone
MN
36.0
Pipestone
MN
39.8
Pipestone
MN
43.1
Pipestone
MN
47.9
Pipestone
MN
50.7

Renter Qualifications

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Lake Benton, MN

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