Homes & Apartments for Rent in Redwood Falls, MN

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What to Know About

Life in Redwood Falls & Beyond

Redwood 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

Redwood Falls, MN

As of June 2026, 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 12.0% ($185) lower than the Minnesota average of $1,539 and 24.7% ($443) lower than the U.S. average of $1,797.

Average Rent
$1,354
Monthly ChangeMonth Over Month Change
Increased1.2% ($16)
Yearly ChangeYear Over Year Change
Decreased2.8% ($39)
Avg. Days on MarketAverage Days on Market
45
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,061 Increased4% ($41) Decreased9.9% ($117)
2 Beds $1,335 Increased16.5% ($189) Decreased11.2% ($168)
3 Beds $1,715 Decreased11.4% ($220) Decreased5.6% ($102)
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.

The average rent in Redwood Falls, MN is $1,354 per month.
Homes in Redwood Falls typically rent for between $743 and $2,230 per month, with an average of $1,354 per month.
In Redwood Falls, the average rent for a 1-bedroom home is $1,061 per month, for a 2-bedroom home, $1,335 per month, and a 3-bedroom home is $1,715 per month.
The average rent in Redwood Falls is 24.7% ($443) lower than the national average of $1,797 per month.
The average rent in Redwood Falls has increased by 1.2% ($16) in the last month and decreased by 2.8% ($39) over the past year.
The rental market in Redwood Falls, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
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.
There is currently 1 rental property available in Redwood Falls, MN.
Based on the current averages, a household would need an annual income of $53,400 to comfortably afford a 2-bedroom home in Redwood Falls.
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