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Studio Apartment for Rent in Thief River Falls, MN

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    $525 Plus Fees

    • Studio
    • 1 Bath
    • Condo for Rent

    320 Oak Ave N Unit 211, Thief River Falls, MN 56701

    Property Id: 1391015 One price covers all utilities. Secured building. Cat friendly, but dogs are at a different location. Secured building. Onsite coin op laundry. Call or text for details, showings or an appliaction can be found on our website.

    320 Oak Ave N Unit 211, Thief River Falls, MN 56701

Why Live in Thief River Falls

Thief River Falls is a small urban center in northwest Minnesota, known for its strong economy and early 20th-century homes. The Thief River runs through the community, eventually emptying into the Red Lake River. The area is a commercial hub within an expanse of farmland, offering manufacturing jobs and a popular downtown area. Downtown Thief River Falls is the community’s commercial heart, with local shops and restaurants clustered around Main Avenue and Third Street. Residents enjoy dining at The Piggy BBQ, The Schooner Bar and Grill, and Rivers and Rails Brewing. The area also has standalone restaurants and big box stores surrounding Highway 59. Recreational activities are abundant, with Bill LaFave Park being a popular spot for swimming and Greenwood Trails offering scenic walks along the riverbank. Winter recreation includes outdoor hockey rinks at Engelstad Park and Northrup Park, as well as snowmobiling trails. Annual events such as the Pennington County Fair and RiverFest provide entertainment and community engagement. Thief River Falls Public Schools serve local students, with Challenger Elementary, Franklin Middle, and Lincoln High all receiving high ratings. The community features a variety of home styles, including bungalows, national-style, ranch-style, and split-level homes, with prices ranging from $40,000 to $500,000. Residents typically drive within and around the community, with Grand Forks, South Dakota, located roughly 60 miles southwest, being the nearest major city. Thief River Falls Regional Airport offers daily commuter flights to Minneapolis.

Frequently Asked Questions

How much does it cost to rent a home in Thief River Falls, MN?
The median rent for a home in Thief River Falls, MN is $772 per month, though prices vary by neighborhood, size, and property type. As of July 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 Thief River Falls, MN?
To comfortably afford the median rent in Thief River Falls, MN, a household needs to earn roughly $30,880 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 $772 per month in Thief River Falls, MN, renters typically need to show $2,316 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 Thief River Falls, MN?
In Thief River Falls, MN, the price-to-rent ratio is 17.6, 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
1
Median Rent
$772
Median Single Family Home Rent
$1,375
Median Condo Rent
$770
How to Rent a Home