Cannonball Apartments
415 Hickory Dr,
Cannon Falls, MN 55009
Studio - 2 Beds | $1,195 - $1,690
Rental Market Trends in Cannon Falls, MN
Updated August 2026
The average rent in Cannon Falls, MN is $1,159/month.
Rent in Cannon Falls is 30% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,159/month
Average Rent
643 Sq Ft
Average Size
+1.8%
Change / Year
3
Available Apartments
Cannon Falls rent varies by unit size and layout:
- Studio apartments in Cannon Falls average $1,136 per month.
- One-bedroom apartments in Cannon Falls average $1,159 per month.
- Two-bedroom apartments in Cannon Falls average $1,529 per month.
- Three-bedroom apartments in Cannon Falls average or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Cannon Falls, MN?
In the past year, rent has increased by 1.8%, which averages out to $21 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Cannon Falls, MN
August 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
100%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Cannon Falls, MN?
Because the average rent in Cannon Falls is $1,159, you’ll want to make about $3,863 per month or $46,356 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.
How does Cannon Falls, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Cannon Falls, 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Northfield
Avg Rent: $1,134/month
-
Hastings
Avg Rent: $1,263/month
-
Farmington
Avg Rent: $1,374/month
-
Red Wing
Avg Rent: $1,223/month
-
Prescott
Avg Rent: $1,410/month
-
Rosemount
Avg Rent: $1,534/month
-
Zumbrota
Avg Rent: $1,317/month
Apartment Communities in Cannon Falls We Think You'll Love
Rental Management, Simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Cannon Falls?
The average rent in Cannon Falls is $1,159 per month, which is 30.3% lower than the national average of $1,663.
Are rents going up or down in Cannon Falls?
Rents in Cannon Falls, MN are increasing, with prices up 1.8% year-over-year and $21 more per month.
What rent range is most common in Cannon Falls?
In Cannon Falls, MN, 100% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 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.
* Percentages may not total 100 due to rounding.