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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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Viewing 1 of 1 rentals in Cannon Falls
What to Know About
Life in Cannon Falls & Beyond
Cannon Falls shares many of the great qualities that make Minnesota a desirable place to live.
Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.
Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.
Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.
Rental Market Trends
Cannon Falls, MN
As of June 2026, Cannon Falls's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Cannon Falls's average rent is 2.3% ($35) lower than the Minnesota average of $1,539 and 16.3% ($293) lower than the U.S. average of $1,797.
Average Rent
$1,504
Monthly ChangeMonth Over Month Change
24.9% ($300)
Yearly ChangeYear Over Year Change
33.7% ($379)
Avg. Days on MarketAverage Days on Market
42
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,163 | 2.5% ($30) | 4.1% ($46) |
| 2 Beds | $1,463 | 1.7% ($25) | 2.7% ($38) |
| 3 Beds | $1,880 | 0.2% ($4) | 9.1% ($157) |
| Nearby Cities | Average Rent | Avg. Rent vs. Cannon FallsAverage Rent vs. Cannon Falls | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Kenyon | $1,505 | 0.1% ($1) | 41 days |
| Zumbrota | $1,450 | 3.6% ($54) | 40 days |
| Northfield | $1,659 | 10.3% ($155) | 47 days |
| Hastings | $1,665 | 10.7% ($161) | 30 days |
| Red Wing | $1,516 | 0.8% ($12) | 44 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Cannon Falls Rental Market FAQs
Explore rental prices, market trends, and availability in Cannon Falls, MN.
The average rent in Cannon Falls, MN is $1,504 per month.
Homes in Cannon Falls typically rent for between $814 and $2,444 per month, with an average of $1,504 per month.
In Cannon Falls, the average rent for a 1-bedroom home is $1,163 per month, for a 2-bedroom home, $1,463 per month, and a 3-bedroom home is $1,880 per month.
The average rent in Cannon Falls is 16.3% ($293) lower than the national average of $1,797 per month.
The average rent in Cannon Falls has increased by 24.9% ($300) in the last month and increased by 33.7% ($379) over the past year.
The rental market in Cannon Falls, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Cannon Falls, MN, the average rental stays on the market for approximately 42 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Cannon Falls, MN.
Based on the current averages, a household would need an annual income of $58,520 to comfortably afford a 2-bedroom home in Cannon Falls.
