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Newest Homes for Rent in Princeton, MN

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  • 107 19th Ave S, Princeton, MN 55371
    107 19th Ave S, Princeton, MN 55371
    107 19th Ave S, Princeton, MN 55371
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    Starting at $1,125 Plus Fees

    • Studio - 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

    (763) 317-0384

    107 19th Ave S, Princeton, MN 55371
  • 103 19th Ave S, Princeton, MN 55371
    103 19th Ave S, Princeton, MN 55371
    103 19th Ave S, Princeton, MN 55371
    /20

    Starting at $1,650 Plus Fees

    • 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

    (763) 284-8862

    103 19th Ave S, Princeton, MN 55371
  • 106 7th Ave S Unit B, Princeton, MN 55371
    106 7th Ave S Unit B, Princeton, MN 55371
    106 7th Ave S Unit B, Princeton, MN 55371
    /6

    $1,200

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    106 7th Ave S Unit B, Princeton, MN 55371

    106 7th Ave S Unit B, Princeton, MN 55371
Minnesota Mille Lacs County Princeton

Newest Homes for Rent in Princeton, MN

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 $1,200 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option.
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 $48,000 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 $1,200 per month in Princeton, MN, renters typically need to show $3,600 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 24.3, 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 Princeton, MN

There are currently 3 homes available for rent in Princeton, MN. The median rent is $1,200 per month, with condos at $1,200.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,200
Median Condo Rent
$1,200
How to Rent a Home

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