Homes & Apartments for Rent in Princeton, MN

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What to Know About

Life in Princeton & Beyond

Princeton 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

Princeton, MN

As of June 2026, Princeton's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Princeton's average rent is 38.5% ($592) lower than the Minnesota average of $1,539 and 47.3% ($850) lower than the U.S. average of $1,797.

Average Rent
$947
Monthly ChangeMonth Over Month Change
Decreased37.2% ($562)
Yearly ChangeYear Over Year Change
Decreased37.2% ($562)
Avg. Days on MarketAverage Days on Market
44
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $911 Decreased25.9% ($319) Decreased25.9% ($319)
2 Beds $1,146 Decreased24.2% ($366) Decreased24.2% ($366)
3 Beds $1,473 Decreased16.1% ($282) Decreased16.1% ($282)
Nearby Cities Average Rent Avg. Rent vs. PrincetonAverage Rent vs. Princeton Avg. Days on MarketAverage Days on Market
Zimmerman $1,651 Increased74.3% ($704) 46 days
Big Lake $1,567 Increased65.5% ($620) 40 days
Becker $2,039 Increased115.3% ($1092) 40 days
Foley $1,005 Increased6.1% ($58) 41 days
Cambridge $1,050 Increased10.9% ($103) 40 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Princeton Rental Market FAQs

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

The average rent in Princeton, MN is $947 per month.
Homes in Princeton typically rent for between $638 and $1,915 per month, with an average of $947 per month.
In Princeton, the average rent for a 1-bedroom home is $911 per month, for a 2-bedroom home, $1,146 per month, and a 3-bedroom home is $1,473 per month.
The average rent in Princeton is 47.3% ($850) lower than the national average of $1,797 per month.
The average rent in Princeton has decreased by 37.2% ($562) in the last month and decreased by 37.2% ($562) over the past year.
The rental market in Princeton, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Princeton, 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 Princeton, MN.
Based on the current averages, a household would need an annual income of $45,840 to comfortably afford a 2-bedroom home in Princeton.
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