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Pine Island, MN Homes for Rent

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  • /20

    Starting at $1,425 Plus Fees

    • 2 - 3 Beds

    501 Ridgeway Ln NE, Pine Island, MN 55963

    Ridgeway Estates offers affordable townhouse rental options with great commuting access to both Rochester and Minneapolis, great neighborhood, many amenities from Air Conditioning, Dishwasher, Patio/Balcony, Playground, Washer/Dryer and more. This rental community is pet friendly, welcoming both cats and dogs. It has a variety of floor plans ranging in size from 910 to 1200 sq.ft.

    Ridgeway Estates Townhomes

    501 Ridgeway Ln NE, Pine Island, MN 55963
  • /20

    Starting at $1,500 Plus Fees

    • 1 - 2 Beds

    301 S Main St, Pine Island, MN 55963

    Modern Living in Downtown Pine Island — Just 15 Minutes from Rochester!!Built in 2019, our newer apartments offer contemporary comfort in a prime location. Nestled in downtown Pine Island and just off Hwy 52, you're an easy 15-minute drive to Rochester and under an hour from Minneapolis.Each apartment features:- Open-concept floor plans with modern finishes- Private

    301 Main Street South

    301 S Main St, Pine Island, MN 55963
  • /25

    $1,700

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,100 Sq Ft
    • House for Rent

    415 1st Ave SE, Pine Island, MN 55963

    Enjoy the charm of small-town living with the convenience of an easy commute to Rochester and Mayo Clinic! This cozy 3-bedroom, 1.5-bathroom single-family home in Pine Island sits on a desirable corner lot and features a spacious two-stall garage and a welcoming back patio, perfect for relaxing or entertaining! All three bedrooms and one full bathroom are conveniently located on the main level.

    415 1st Ave SE, Pine Island, MN 55963
  • /15

    $1,700

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,756 Sq Ft
    • Townhouse for Rent

    720 10th St SW, Pine Island, MN 55963

    2-floor townhome:Main floor: entrance, garage, kitchen, dining/living area, Deck access, bedroom, bathroom.(personal deck was built 6 months ago)Downstairs: Living room, patio access, bedroom, bathroom, storage, maintenance/ laundry room. neighborhood made up of about 60 townhomes in sw Pine Island. Family friendly, calm and quiet neighborhood.

    720 10th St SW, Pine Island, MN 55963
  • /3

    $2,495

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,212 Sq Ft
    • House for Rent

    1805 Lynx Place SE, Pine Island, MN 55963

    Enjoy effortless single-level living in this spacious 2-bedroom, 2-bath home designed for both comfort and style. The open-concept layout features a well-appointed kitchen with abundant counter space and storage, seamlessly flowing into the dining and living areas—ideal for everyday living and entertaining. The private owner's suite offers a relaxing retreat with an en-suite bath and an oversized

    1805 Lynx Place SE, Pine Island, MN 55963

Why Live in Pine Island

Pine Island, MN, is a small city located about 15 miles from Rochester, known for its welcoming community and well-rated schools. The Pine Island Public School District includes Pine Island Elementary, Middle, and Secondary Schools, all of which receive high ratings. The city features a variety of home styles, with older bungalows, ranch styles, and Victorian-era houses near the center, and newer traditional builds with Craftsman or colonial influences on larger lots further out. Residents enjoy local dining options such as Trailhead Grill and Lanes, Agave Tex-Mex, and Yoyo Yummies, and shop at the independently owned Island Market. For more extensive shopping, residents travel to Rochester. Recreational activities are abundant, with Trailhead Park offering access to the Douglas Trail, a canoe launch on the Zumbro River, and various sports facilities. The Pine Island Golf Course and Van Horn Public Library, with its summer reading programs and pollinator garden, are also popular. Community events like the Pine Island Cheese Festival and Winter Fest foster a strong sense of togetherness. Pine Island is accessible via U.S. Route 52, leading to the Mayo Clinic's Saint Mary’s campus and Rochester International Airport, both about 15 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Pine Island, MN?
The median rent for a home in Pine Island, MN is $1,700 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Pine Island, MN?
To comfortably afford the median rent in Pine Island, MN, a household needs to earn roughly $68,000 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 $1,700 per month in Pine Island, MN, renters typically need to show $5,100 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 Pine Island, MN?
In Pine Island, MN, the price-to-rent ratio is 15.8, 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.
What neighborhoods in Pine Island, MN are best for renting a home?
The best neighborhood for renting in Pine Island, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Northwest, Lowertown, Cimarron, John Adams and The Manor, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,700
Median Single Family Home Rent
$2,098
Median Townhouse Rent
$1,725
How to Rent a Home