6

Studio Apartments for Rent in Northfield, MN

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  • /31

    Starting at $1,138 Plus Fees

    • Studio - 2 Beds

    801 Kraewood Dr, Northfield, MN 55057

    We offer both virtual and in-person tours at Kraewood Flats, and you can preview the community anytime through our tour video. As a current special, residents who sign a lease by July 31st 2026, will receive One month rent free with signed 12 month lease or 1 free assigned underground garage parking for first lease term. Each apartment features high vaulted ceilings that create an

    Kraewood Flats - Summer Rent Special through July 31 2026

    (507) 646-2478

    801 Kraewood Dr, Northfield, MN 55057
  • /26

    Starting at $1,310 Plus Fees

    • Studio - 2 Beds

    2411-2431 Jefferson Rd, Northfield, MN 55057

    The apartments at Timberfield feature open concept living rooms, kitchens and dining areas with 1 and 2 bedrooms. A community room, fitness room, elevator, and on-site laundry facilities make Timberfield Apartments an enjoyable and comfortable place to call home. Please contact us for more information!

    Timberfield Apartments

    (507) 650-6816

    2411-2431 Jefferson Rd, Northfield, MN 55057
  • /35

    Starting at $1,475 Plus Fees

    • Studio - 1 Bed

    116 5th St E, Northfield, MN 55057

    5th Street Lofts offers a modern and connected living experience in the heart of downtown Northfield, MN. Built as of June 1, 2021, the property features contemporary design throughout, and each apartment includes stainless steel appliances, in-unit washers and dryers, softened water, high-speed Wi-Fi, and modern touches that elevate everyday living. Residents enjoy access to multiple

    5th Street Lofts

    (507) 650-5361

    116 5th St E, Northfield, MN 55057

Why Live in Northfield

Northfield, MN, is a small suburban city with a population of 21,000, located 44 miles from Minneapolis. Known for its slogan “Cows, Colleges, and Community,” Northfield was founded in 1855 as an agricultural center along the Cannon River. Today, it thrives on manufacturing, healthcare, and education industries. The Northfield Public School District is highly rated, and the city is home to Carleton College and St. Olaf College, both of which contribute to the vibrant local art scene with museums and theater departments. The historic downtown area features homes from the early 1900s, including American Foursquares, bungalows, and Victorian styles, while the outskirts have mid-to-late 20th-century suburbs with ranch and Cape Cod styles, as well as newly built subdivisions. Cowling Arboretum, managed by Carleton College, offers extensive hiking trails and cross-country skiing routes, while 35 city parks provide recreational spaces. The annual Defeat of Jesse James Days, held the weekend after Labor Day, celebrates the town's historic victory over the James-Younger Gang with reenactments and festivities. Division Street in the downtown district is lined with locally owned restaurants and shops, offering a variety of dining options and boutique goods. Northfield is becoming a hub for Minneapolis commuters, with State Route 3 providing direct access and the Metro transit system's Orange Line offering a convenient alternative. The city has a lower crime rate compared to the national average, but properties near Cannon River are prone to flooding, prompting ongoing efforts to improve safety infrastructure.

Frequently Asked Questions

How much does it cost to rent a home in Northfield, MN?
The median rent for a home in Northfield, MN is $1,412 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Northfield, MN?
To comfortably afford the median rent in Northfield, MN, a household needs to earn roughly $56,480 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,412 per month in Northfield, MN, renters typically need to show $4,236 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Northfield, MN?
In Northfield, MN, the price-to-rent ratio is 21.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Northfield, MN

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,412
Median Single Family Home Rent
$1,960
Median Townhouse Rent
$1,613
Median Condo Rent
$1,215
How to Rent a Home