Average Rent in Redwood County, MN↑ Rents rising 4.2% YoY🔻 3rd cheapest in MN
HUD FY2027 · Official government data · Updated annually · Metro pop. 15,383
Market Overview
Redwood County, MN has rental prices ranging from $706/month to $1,509/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $775/month — 45% below the national average of $1,400/month. With a median household income of $67,024/year, spending $775/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.
How Redwood County Compares
With an average 2-bedroom rent of $1,014/month, Redwood County ranks #74 most expensive of the 76 cities tracked in Minnesota — more affordable than 63% of all US cities in our data.
The Redwood County Rental Market
The Redwood County, MN area has a population of about 15,383 and 20% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Redwood County, MN have risen by $41/month (4.2%) over the past year, from $973 to $1,014. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Redwood County, MN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,000. The local median household income of $67,024 exceeds that threshold by $36,024, making Redwood County relatively accessible compared to local wages.
Economy & Jobs
Redwood County, MN has an unemployment rate of 4.9%, 1.0 percentage point above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.
Fair Market Rents
HUD FY2027Is Redwood County, MN Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in MNlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Minneapolis | $1,265 | $1,427 | $1,734 | $2,264 | — |
| Duluth | $841 | $961 | $1,207 | $1,671 | — |
| Lake County | $848 | $942 | $1,236 | $1,489 | — |
| Fargo | $781 | $903 | $1,104 | $1,529 | — |
| Rochester | $1,183 | $1,226 | $1,422 | $1,969 | — |
| St. Cloud | $884 | $961 | $1,233 | $1,656 | — |
Rent or Buy in Redwood County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Redwood County data
Buying breaks even after 4 years — worth it if you stay 4+ years.
Living in Redwood County
Cost of living, job market, crime rates, and moving cost estimates.
Moving Cost Estimator
Estimate your moving costs based on FMCSA public mover data
Select your origin state to see the estimate
Frequently Asked Questions
Explore More
Compare rent & home prices by neighborhood
💵Rent Affordability in Redwood CountySalary needed to afford rent here
🗺️All Cities in MNSee how Redwood County ranks statewide
⚖️Compare Redwood CountySide-by-side rent & cost of living with any city
📋MN Tenant RightsDeposit limits, eviction laws & renters protections