Rent Tracker
Rent Inflation in Duluth, MN
The average asking rent in Duluth, MN is $1,329/month as of 2026-08. That is +3.4% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,329/mo
as of 2026-08
Year-over-Year Change
+3.4%
24-Month Rent Trend
Monthly ZORI index values for Duluth, MN.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,329 | -0.67% |
| 2026-07 | $1,338 | +0.22% |
| 2026-06 | $1,335 | +0.91% |
| 2026-05 | $1,323 | +0.99% |
| 2026-04 | $1,310 | +1.08% |
| 2026-03 | $1,296 | +0.39% |
| 2026-02 | $1,291 | +0.94% |
| 2026-01 | $1,279 | +0.55% |
| 2025-12 | $1,272 | -0.08% |
| 2025-11 | $1,273 | +0.00% |
| 2025-10 | $1,273 | -0.70% |
| 2025-09 | $1,282 | -0.23% |
| 2025-08 | $1,285 | -0.31% |
| 2025-07 | $1,289 | +0.31% |
| 2025-06 | $1,285 | +0.86% |
| 2025-05 | $1,274 | +0.63% |
| 2025-04 | $1,266 | +1.04% |
| 2025-03 | $1,253 | +0.08% |
| 2025-02 | $1,252 | +0.81% |
| 2025-01 | $1,242 | +1.14% |
| 2024-12 | $1,228 | +0.82% |
| 2024-11 | $1,218 | +0.33% |
| 2024-10 | $1,214 | -1.06% |
| 2024-09 | $1,227 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices