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Rental Market Trends in North Branch, MN

What is the average rent in North Branch, MN?

$1,036/month

Average Rent

564 Sq Ft

Average Apartment Size

-1.5%

Decrease in the Last Year

As of April 2026, the average rent in North Branch, MN is $1,036 per month. This is 37% lower than the national average rent of $1,641/month, making renting in North Branch more affordable than most cities in the US. When you rent an apartment in North Branch, you can expect to pay about $1,095 per month for a studio, $1,036 for a one-bedroom apartment, and around $1,370 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,504 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,095/month
527 Sq Ft
One Bedroom
$1,036/month
564 Sq Ft
Two Bedroom
$1,370/month
947 Sq Ft
Three Bedroom
$1,504/month
1,243 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 North Branch, MN?

In the past year, rent has decreased by 1.5%, which averages out to $15 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in North Branch, MN
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in North Branch, MN
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
67% $1,001 - $1,500/month
33% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in North Branch is $1,036, you’ll want to make about $3,453 per month or $41,436 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

North Branch, MN

9 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare North Branch, 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 North Branch, MN

Apartment Averages

Nearby City Rent Trends

  • Cambridge Average Rent

Apartment communities in North Branch we think you'll love

Ashwood Birchwood Apartments

Ashwood Birchwood Apartments

6495 Ash St,
North Branch, MN 55056

$1,315 - $1,450 Plus Fees

1-2 Beds | 12 Month Lease

Falcon Apartments

Falcon Apartments

5385 385th St,
North Branch, MN 55056

$1,325 - $1,550 Plus Fees

1-2 Beds | 12 Month Lease

36014 Falcon Way

36014 Falcon Way

36014 Falcon Way,
North Branch, MN 55056

$2,250 Total Monthly Price

1 Bed | 12 Month Lease

6717 Old Sawmill Rd

6717 Old Sawmill Rd

6717 Old Sawmill Rd,
Harris, MN 55032

$1,071 Total Monthly Price

2 Beds

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United States Minnesota North Branch 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 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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity