3

Northfield, MN Houses for Rent

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  • 308 Water St N, Northfield, MN 55057
    308 Water St N, Northfield, MN 55057
    308 Water St N, Northfield, MN 55057
    /11

    $2,500

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,600 Sq Ft
    • House for Rent

    308 Water St N, Northfield, MN 55057

    Utilities Included! Historic four bedroom house near downtown Northfield for rent September 1st, 2026. Easily walk downtown, to to St Olaf and Carleton Collleges, coffee shops, public library. All hardwood floors, laundry, new water softener, two bathrooms, central air, new furnace and new Anderson windows. Check out the two story laundry shute and Lazy Susan! Heat, air confitioning,

    308 Water St N, Northfield, MN 55057
  • 703 St Olaf Ave W, Northfield, MN 55057
    703 St Olaf Ave W, Northfield, MN 55057
    703 St Olaf Ave W, Northfield, MN 55057
    /20

    $2,500

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,900 Sq Ft
    • House for Rent

    703 St Olaf Ave W, Northfield, MN 55057

    Welcome to this charming 3+ bedroom, 2.5-bathroom house located at 703 Saint Olaf Avenue in Northfield, MN. Boasting 1900.0 sqft of living space, this spacious home offers a comfortable and inviting atmosphere for you and your family. As you step inside, you'll be greeted by a bright and airy living room, perfect for relaxing or entertaining guests. The kitchen is equipped with modern

    703 St Olaf Ave W, Northfield, MN 55057
  • 501 1st St W, Northfield, MN 55057
    501 1st St W, Northfield, MN 55057
    501 1st St W, Northfield, MN 55057
    /12

    $875

    Total Monthly Price

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • 501/503

    501 1st St W, Northfield, MN 55057

    Recently remodeled cozy studio apartment located two blocks from downtown Northfield and four blocks from St. Olaf College. This clean and inviting unit is within walking distance of restaurants, grocery stores, farmers markets, live music and shops. This studio is located in a mature, quiet, and safe neighborhood. Located on the first floor this unit has a private entrance and receives lots of

    501 1st St W, Northfield, MN 55057
Minnesota Rice County

Houses for Rent in Northfield, MN

Frequently Asked Questions

How much does it cost to rent a single-family home in Northfield, MN?
The median rent for a single-family home in Northfield, MN is $2,375 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while condos 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 $94,000 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 $2,350 per month in Northfield, MN, renters typically need to show $7,050 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 12.7, 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 Home Trends in Northfield, MN

There are currently 3 single-family homes available for rent in Northfield, MN. The median rent is $2,375 per month, with 3-bedroom houses renting at $2,250 and 4-bedroom houses at $2,875.

Rental Home Trends

Number of Houses for Rent
3
Median Single Family Home Rent
$2,375
Median 3 Bedroom Single Family Home Rent
$2,250
Median 4 Bedroom Single Family Home Rent
$2,875
How to Rent a Home

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