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Rental Market Trends in Northfield, MN

What is the average rent in Northfield, MN?

$1,115/month

Average Rent

668 Sq Ft

Average Apartment Size

+0.8%

Increase in the Last Year

As of March 2026, the average rent in Northfield, MN is $1,115 per month. This is 31% lower than the national average rent of $1,626/month, making renting in Northfield more affordable than most cities in the US. When you rent an apartment in Northfield, you can expect to pay about $1,076 per month for a studio, $1,115 for a one-bedroom apartment, and around $1,182 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,613 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,076/month
457 Sq Ft
One Bedroom
$1,115/month
668 Sq Ft
Two Bedroom
$1,182/month
901 Sq Ft
Three Bedroom
$1,613/month
1,392 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 Northfield, MN?

In the past year, rent has increased by 0.8%, which averages out to $9 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 March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Northfield, MN
Last Updated March 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Northfield, MN
Percentage*
Rent Range
0% Below $700/month
47% $700 - $1,000/month
33% $1,001 - $1,500/month
20% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Northfield is $1,115, you’ll want to make about $3,716 per month or $44,592 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

Northfield, MN

68 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Northfield, 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 Northfield, MN

Apartment Averages

Nearby City Rent Trends

  • Faribault Average Rent
  • Farmington Average Rent
  • Lakeville Average Rent

Apartment communities in Northfield we think you'll love

Dundas Apartments

Dundas Apartments

80 West Ave W,
Dundas, MN 55019

$1,600 - $2,000 Plus Fees

2-3 Beds

Woodridge Apartments

Woodridge Apartments

1900-1960 Roosevelt Dr,
Northfield, MN 55057

$910 Total Monthly Price

1 Bed

Hidden Valley Apartments

Hidden Valley Apartments

1370 Heritage Dr,
Northfield, MN 55057

$1,010 Total Monthly Price

2 Beds

5th Street Lofts

5th Street Lofts

116 5th St E,
Northfield, MN 55057

$1,425 - $2,100 Plus Fees

Studio - 1 Bed

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United States Minnesota Northfield 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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity