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Rental Market Trends in Byron, MN

What is the average rent in Byron, MN?

$1,298/month

Average Rent

756 Sq Ft

Average Apartment Size

+4%

Increase in the Last Year

As of September 2025, the average rent in Byron, MN is $1,298 per month. This is 21% lower than the national average rent of $1,639/month, making renting in Byron more affordable than most cities in the US. When you rent an apartment in Byron, you can expect to pay about per month for a studio, $1,298 for a one-bedroom apartment, and around $1,543 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,886 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,298/month
756 Sq Ft
Two Bedroom
$1,543/month
1,164 Sq Ft
Three Bedroom
$1,886/month
1,502 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Byron, MN?

In the past year, rent has increased by 4%, which averages out to $53 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated September 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Byron, MN?

Because the average rent in Byron is $1,298, you’ll want to make about $4,326 per month or $51,912 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Byron, MN

22 Available Apartments for Rent

Search for Nearby Apartments

How does Byron, MN compare to other nearby cities and neighborhoods?

Use the tool below to compare Byron, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Byron, MN

Apartment Averages

Nearby City Rent Trends

  • Rochester Average Rent
  • Pine Island Average Rent
  • Stewartville Average Rent

Apartment communities in Byron we think you'll love

Stone Haven Apartments

Stone Haven Apartments

1075 4th St NE,
Byron, MN 55920

$1,450 - $1,695

1-2 Beds

Bear Path Apartments

Bear Path Apartments

1151 4th St NE,
Byron, MN 55920

$1,250 - $1,500

1-2 Beds

Kodiak Apartments

Kodiak Apartments

308 9th Ave NE,
Byron, MN 55920

$1,195 - $3,247

1-3 Beds

224 4th St NW

224 4th St NW

224 4th St NW,
Byron, MN 55920

$2,500

3 Beds

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United States Minnesota Byron Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity