Homes for Rent in 55940

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What to Know About

Life in Hayfield & Beyond

Hayfield 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

Hayfield, MN

As of July 2025, Hayfield's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Hayfield's average rent is 45.8% ($677) lower than the Minnesota average of $1,479 and 54.8% ($973) lower than the U.S. average of $1,775.

Average Rent
$802
Monthly ChangeMonth Over Month Change
Decreased1.5% ($12)
Yearly ChangeYear Over Year Change
Increased13.3% ($94)
Avg. Days on MarketAverage Days on Market
44
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $789 Increased21.9% ($142) Increased17.1% ($115)
2 Beds $1,000 Increased21.2% ($175) Increased30.9% ($236)
3 Beds $1,210 Increased21.2% ($212) Increased36.4% ($323)
Nearby Cities Average Rent Avg. Rent vs. HayfieldAverage Rent vs. Hayfield Avg. Days on MarketAverage Days on Market
Austin $817 Increased1.9% ($15) 44 days
Stewartville $1,283 Increased60% ($481) 35 days
Grand Meadow $733 Decreased8.6% ($69) 46 days
Rochester $1,794 Increased123.7% ($992) 30 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Hayfield Rental Market FAQs

Explore rental prices, market trends, and availability in Hayfield, MN.

The average rent in Hayfield, MN is $802 per month.
Homes in Hayfield typically rent for between $600 and $1,573 per month, with an average of $802 per month.
In Hayfield, the average rent for a 1-bedroom home is $789 per month, for a 2-bedroom home, $1,000 per month, and a 3-bedroom home is $1,210 per month.
The average rent in Hayfield is 54.8% ($973) lower than the national average of $1,775 per month.
The average rent in Hayfield has decreased by 1.5% ($12) in the last month and increased by 13.3% ($94) over the past year.
The rental market in Hayfield, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Hayfield, 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.
There are currently 3 rental properties available in Hayfield, MN.
Based on the current averages, a household would need an annual income of $40,000 to comfortably afford a 2-bedroom home in Hayfield.
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