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Princeton, MN Condos for Rent

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  • 1402 1st St Unit 1, Princeton, MN 55371
    1402 1st St Unit 1, Princeton, MN 55371
    1402 1st St Unit 1, Princeton, MN 55371
    /14

    $1,595

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • Condo for Rent

    1402 1st St Unit 1, Princeton, MN 55371

    ONE LEVEL LIVING! Available Now is a 3 bedroom 1 Bath twin-home in Princeton! Located at 1402 1st St., Unit E, Princeton, MN. This home is in a great location situated within close proximity to schools, parks and everything Princeton has to offer! This twin-home offers 1 level living with NEW paint, patio area, fenced yard and so much more! Come check out this Princeton location and make this

    1402 1st St Unit 1, Princeton, MN 55371
  • 207 7th Ave S, Princeton, MN 55371
    207 7th Ave S, Princeton, MN 55371
    207 7th Ave S, Princeton, MN 55371
    /19

    $1,350

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    207 7th Ave S, Princeton, MN 55371

    Welcome home to this charming 2-bedroom, 1-bathroom rental in Princeton! This home offers a comfortable layout with plenty of space to relax and make your own. The property is available now, making it a great option for anyone looking for a convenient move-in.Enjoy the convenience of off-street parking, along with a window A/C unit to help keep you comfortable during the warmer months.

    207 7th Ave S, Princeton, MN 55371
Minnesota Mille Lacs County

Condos for Rent in Princeton, MN

Frequently Asked Questions

How much does it cost to rent a condo in Princeton, MN?
The median rent for a condo in Princeton, MN is $1,595 per month, though prices vary by neighborhood, size, and property type. As of September 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 Princeton, MN?
To comfortably afford the median rent in Princeton, MN, a household needs to earn roughly $67,680 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 $1,692 per month in Princeton, MN, renters typically need to show $5,076 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 Princeton, MN?
In Princeton, MN, the price-to-rent ratio is 17.2, 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.

Condo Rental Trends in Princeton, MN

There are currently 2 condos available for rent in Princeton, MN. The median rent is $1,595 per month, with 3-bedroom condos at $1,595.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,595
Median 3 Bedroom Condo Rent
$1,595
How to Rent a Home

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