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

Granite Falls, MN

As of July 2025, Granite Falls's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Granite Falls's average rent is 24.7% ($366) lower than the Minnesota average of $1,479 and 37.3% ($662) lower than the U.S. average of $1,775.

Average Rent

$1,113

Monthly ChangeMonth Over Month Change

9.2% ($94)

Yearly ChangeYear Over Year Change

41.1% ($324)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$924	14.5% ($117)	37.3% ($251)
2 Beds	$1,171	13.7% ($141)	49% ($385)
3 Beds	$1,418	13.8% ($172)	59% ($526)

Nearby Cities	Average Rent	Avg. Rent vs. Granite FallsAverage Rent vs. Granite Falls	Avg. Days on MarketAverage Days on Market
Montevideo	$866	22.2% ($247)	46 days
Renville	$1,133	1.8% ($20)	46 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Granite Falls Rental Market FAQs

Explore rental prices, market trends, and availability in Granite Falls, MN.

What is the average rent in Granite Falls, MN?

The average rent in Granite Falls, MN is $1,113 per month.

What is the rental price range for homes in Granite Falls, MN?

Homes in Granite Falls typically rent for between $647 and $1,843 per month, with an average of $1,113 per month.

What is the average rent for different bedroom sizes in Granite Falls, MN?

In Granite Falls, the average rent for a 1-bedroom home is $924 per month, for a 2-bedroom home, $1,171 per month, and a 3-bedroom home is $1,418 per month.

How do rent prices in Granite Falls, MN compare with the national average?

The average rent in Granite Falls is 37.3% ($662) lower than the national average of $1,775 per month.

How have rent prices in Granite Falls, MN changed recently?

The average rent in Granite Falls has increased by 9.2% ($94) in the last month and increased by 41.1% ($324) over the past year.

How competitive is the rental market in Granite Falls, MN?

The rental market in Granite Falls, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in Granite Falls, MN?

In Granite Falls, MN, the average rental stays on the market for approximately 44 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Granite Falls, MN?

There is currently 1 rental property available in Granite Falls, MN.

Can I afford to rent a home in Granite Falls, MN?

Based on the current averages, a household would need an annual income of $46,840 to comfortably afford a 2-bedroom home in Granite Falls.