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

Redwood Falls, MN

As of July 2025, Redwood Falls's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Redwood Falls's average rent is 4.4% ($65) lower than the Minnesota average of $1,479 and 20.3% ($361) lower than the U.S. average of $1,775.

Average Rent

$1,414

Monthly ChangeMonth Over Month Change

1.5% ($21)

Yearly ChangeYear Over Year Change

4% ($55)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,168	0.8% ($10)	23.1% ($219)
2 Beds	$1,310	12.8% ($193)	1.2% ($15)
3 Beds	$1,987	9.4% ($170)	5.3% ($111)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Redwood Falls Rental Market FAQs

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

What is the average rent in Redwood Falls, MN?

The average rent in Redwood Falls, MN is $1,414 per month.

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

Homes in Redwood Falls typically rent for between $818 and $2,583 per month, with an average of $1,414 per month.

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

In Redwood Falls, the average rent for a 1-bedroom home is $1,168 per month, for a 2-bedroom home, $1,310 per month, and a 3-bedroom home is $1,987 per month.

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

The average rent in Redwood Falls is 20.3% ($361) lower than the national average of $1,775 per month.

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

The average rent in Redwood Falls has increased by 1.5% ($21) in the last month and increased by 4.0% ($55) over the past year.

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

The rental market in Redwood 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 Redwood Falls, MN?

In Redwood Falls, MN, the average rental stays on the market for approximately 45 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 Redwood Falls, MN?

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

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

Based on the current averages, a household would need an annual income of $52,400 to comfortably afford a 2-bedroom home in Redwood Falls.