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Redwood Falls, MN Homes for Rent

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  • /21

    Starting at $950

    Total Monthly Price

    • 1 - 3 Beds

    100 Fallwood Rd, Redwood Falls, MN 56283

    Welcome to Red Skye Lofts, located in the beautiful city of Redwood Falls, MN. Our apartments offer a range of amenities designed to enhance your lifestyle. With secure building access, you can feel safe and protected in your new home. The community room provides a space for you to gather with friends and neighbors, fostering a sense of community. Say goodbye to the hassle of finding parking with

    Red Skye Lofts

    100 Fallwood Rd, Redwood Falls, MN 56283
  • /8

    $750

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 630 Sq Ft
    • Condo for Rent

    109 E Chestnut St Unit 3, Redwood Falls, MN 56283

    109 E Chestnut St Unit 3, Redwood Falls, MN 56283

Why Live in Redwood Falls

Redwood Falls, MN, is known for its strong community focus and educational initiatives. The city is home to Ramsey Park, Minnesota's largest municipal park, featuring 256 acres of scenic trails, waterfalls, and a zoo with buffalo, elk, and prairie dogs. The park also includes a swayback bridge and a modern water park. Redwood Falls is investing in its educational infrastructure with the soon-to-open Redwood Valley Elementary School, replacing the outdated Reede Gray Elementary. The school district collaborates with local businesses and the Lower Sioux Indian Community to enhance career and technical education. Residential streets are lined with Cape Cods, Nationals, and ranch-style homes, with new developments like the Homes of Reflection Prairie project adding more housing options. Downtown, The Golden Rule Coffee House and Dari King offer cozy spots for coffee and ice cream, while Plaza Garibaldi serves Mexican cuisine. Tersteeg’s, a family-owned grocery store, has been a staple since 1936. The city hosts the Redwood County Fair and Summer Splash, featuring parades, fireworks, and racing at Redwood Speedway. Bridge Street, the main thoroughfare, connects residents to local businesses and essential services, though Minneapolis-St. Paul International Airport is over a hundred miles away.

Frequently Asked Questions

How much does it cost to rent a home in Redwood Falls, MN?
The median rent for a home in Redwood Falls, MN is $750 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos 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 Redwood Falls, MN?
To comfortably afford the median rent in Redwood Falls, MN, a household needs to earn roughly $30,000 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 $750 per month in Redwood Falls, MN, renters typically need to show $2,250 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 Redwood Falls, MN?
In Redwood Falls, MN, the price-to-rent ratio is 22.2, 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.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$750
Median Single Family Home Rent
$1,925
Median Condo Rent
$730
How to Rent a Home