13

Princeton, MN Homes for Rent

Section Image
  • /20

    Starting at $1,350 Plus Fees

    • 1 - 2 Beds

    103 19th Ave S, Princeton, MN 55371

    Looking for a lovely apartment for you and your family in a welcoming community? Love where you live and take joy in a new and charming community. We have modern rental unit with up-to-date decor and features. Amazing location in Princeton near shopping and restaurants! Studio, 1, and 2 bedroom floor plans to choose from. Three story building with 3rd floor being designated as 50+! Community

    Rum River Residential Suites

    103 19th Ave S, Princeton, MN 55371
  • /8

    Starting at $1,495 Plus Fees

    • 1 - 2 Beds

    107 19th Ave S, Princeton, MN 55371

    New construction building in Princeton, MN slotted to open May 2025. Studio, 1 and 2 bedroom spacious units. Attached garages for an additional $195 per month. Detached fully finished garage storage with electric, in floor heat and water options. The detached garages have all kinds of sizes for anything you can think of-truck, boat, RV and more. Contact us today to get more information and

    Princeton Residential Suites

    107 19th Ave S, Princeton, MN 55371
  • /28

    $990 - $2,000

    Total Monthly Price

    • 1 - 5 Beds
    • 2 Baths
    • 1,100 Sq Ft
    • Townhouse for Rent

    810 S Old Highway 18, Princeton, MN 55371

    Beautiful and Spacious home in a quiet area. Walking Distance to M Health, Easy and Quick access to Hwy 169. New fridge, stove, dishwasher, washer and dryer included.

    810 S Old Highway 18, Princeton, MN 55371
  • /20

    $2,000

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,898 Sq Ft
    • Condo for Rent

    1607 15th Ave N Unit 1607, Princeton, MN 55371

    **Townhome Available for Rent - Three Bedrooms, Two Bathrooms, Including a Family Room with Fireplace and a Spacious Lower Family Room and 2 car garage

    1607 15th Ave N Unit 1607, Princeton, MN 55371
  • /15

    $2,295

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,600 Sq Ft
    • House for Rent

    12501 312th Ave, Princeton, MN 55371

    ***You must apply DIRECT with management at no 3rd party applications will be considered (don't be fooled by big tech!)***Enjoy the ease of one-level living in this spacious 1,600 sq. ft. home set on over 2 beautiful acres. The expansive outdoor space is designed for relaxing and entertaining, featuring a large patio, fenced yard area, awesome fruit trees and gardens, a greenhouse, a cozy

    12501 312th Ave, 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

Why Live in Princeton

Princeton, MN, is a growing town of approximately 5,400 residents, situated along the scenic Rum River. Known for its small-town charm, Princeton has evolved from its agricultural and lumber roots into a commuter-friendly community within reach of the Twin Cities. The town features a variety of housing styles, including early 20th-century farmhouses, Craftsman-style homes, midcentury cottages, ranch-style homes, and new traditional builds. Residents enjoy ample green spaces, with Riverside Park offering campsites, a boat launch, and fishing access, while Mark Park provides a playground, splash pad, and sports courts. The Princeton Ice Arena allows for year-round ice skating, and the Kunkel Wildlife Management Area is popular for wildlife spotting and hunting. Princeton Public Schools serve the area, with Princeton High School offering six career academies. The town is well-connected via State Route 95 and U.S. Route 169, making commutes to St. Cloud, Cambridge, and the Twin Cities convenient. Local attractions include a traditional downtown area, a weekly farmers market, and popular dining spots like Merlin’s Family Restaurant. Princeton hosts several community events, such as the Rum River Festival and Light Up Princeton, fostering a strong sense of community.

Frequently Asked Questions

How much does it cost to rent a home in Princeton, MN?
The median rent for a home in Princeton, MN is $2,000 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option while townhouses 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 $80,000 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 $2,000 per month in Princeton, MN, renters typically need to show $6,000 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 14.6, 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

Number of Homes for Rent
6
Median Rent
$2,000
Median Single Family Home Rent
$1,643
Median Townhouse Rent
$2,000
How to Rent a Home