Median Age
40 Years
Largest Age Group
30-39 Years
Approximately 14% of Residents
Under 20
25%
Over 65
20%
Princeton
Princeton, MN Area Guide
Avg Rent
$1,247
Population
5,192
Renter Mix
32% Rent
A pleasant small town on the Rum River
Scenic
•
Riverside
•
Lush
•
Historic
•
Quaint
•
Affordable
•
Princeton is a charming small town situated about 30 miles east of Saint Cloud. Nestled alongside the Rum River, Princeton offers ample opportunities to enjoy the scenic outdoors. Recreational opportunities abound at Princeton’s Riverside Park, Mark Park, and Rainbow Park in addition to nearby Sherburne National Wildlife Refuge and countless area lakes.
Princeton’s natural beauty contributes to its peaceful atmosphere. Outside of its calm residential communities, which are brimming with apartments available for rent, Princeton boasts a vibrant downtown area strewn along Rum River Drive. Downtown Princeton offers a bevy of cafes, eateries, and specialty stores to explore in historic buildings. Princeton also preserves its history at the Mille Lacs Country Historical Depot and the Train Museum.
Princeton is home to a close-knit community brought together by a variety of regular events, including the Rum River Festival, the Holly Dazzle, the Winter Gala, the Princeton Farmer’s Market, and the Mille Lacs County Fair in addition to the many events held at the Princeton Speedway. While residents love the small-town feel of Princeton, they’re also within an hour’s drive of the bustling Twin Cities, an easy choice for daytrips and weekend getaways.
Demographics
Median Household Income
$54,447
Average: $68,492
Education
736
Residents Have a Degree
Job Market
2,552
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Princeton has more homeowners than renters.
Renters
32%
Non-Renters
68%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
9%
Other Education
91%
Rent Trends
As of April 2026, the average apartment rent in Princeton, MN is $1,116 for a studio, $1,247 for one bedroom, $1,409 for two bedrooms, and $1,637 for three bedrooms. Apartment rent in Princeton has decreased by -2.5% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,247/month
698 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Princeton, MN is for everyday living.
Fairly Walkable
Walkability
40
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Scores provided by
Schools
Public
Grades K-5
746 Students
Public
Grades PK-5
720 Students
Public
Grades 6-8
732 Students
Public
Grades 6-8
27 Students
Public
Grades 9-12
979 Students
Princeton Area Learning Center
Public
Grades 9-12
21 Students
Public
Grades 9-12
14 Students
Public
Grades 9-12
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Sherburne National Wildlife Refuge
Military Bases
Top Apartments in Princeton
Search Nearby Rentals
Nearby House Rentals
Nearby City Guides
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.