
Cheap Homes for Rent in Cannon Falls, MN from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Cannon Falls.


710 W 4th St

501 1st St W
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

138 Sargent Dr

2894 138th St W

1516 149th St W
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

504 Juliet Dr
Cannon Falls, MN Local Guide

How much does it cost to rent a home in Cannon Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cannon Falls 2 Bedroom Homes for Rent | $1,708 | $1,475 | $2,010 |
| Cannon Falls 3 Bedroom Homes for Rent | $2,293 | $1,320 | $3,600 |
| Cannon Falls 4 Bedroom Homes for Rent | $3,009 | $1,700 | $3,990 |
| Cannon Falls 5 Bedroom Homes for Rent | $2,345 | $2,195 | $2,495 |
Browse Top Homes for Rent in Cannon Falls
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Cannon Falls, MN Local Guide
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Cheapest Available Cannon Falls Apartments for Rent and Nearby
 The cheapest available apartment rental in Cannon Falls, MN is a 1 Bed unit found at Riverview Manor in the Green Meadows neighborhood priced from $995. Park Place Plaza in the Harliss neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here is today’s list of the most affordable Cannon Falls apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverview Manor | 1 BD 1 BA | 1BR,1BA | $995 |
| Park Place Plaza | A2 | Studio,1BA | $1,075 |
| Avanti | Studio A | Studio,1BA | $1,085 |
Best Value Apartments for Rent in Cannon Falls, MN and Nearby
As of June 19, 2026 the best value apartment in the Cannon Falls area is the $1.64 price per square foot Dublin I Model at Waterford Commons in the in the Glendalough neighborhood starting from $1,947. The second greatest value Cannon Falls apartment is the B Model at Park Place Apartments starting at $1,610 with a $1.57 price per square foot in the Harliss neighborhood. Here is today’s list of the best values for Cannon Falls apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Waterford Commons | Dublin I | 2BR,2BA | $1.64 |
| Park Place Apartments | B | 2BR,2BA | $1.57 |
| Timberfield Apartments | Two Bedroom/ Two Bathroom | 2BR,2BA | $1.73 |
| Voyageur Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.80 |
| Pleasant Ridge Apartments | Two Bed | 2BR,2BA | $1.23 |
| 551 18th St E | 2 bedroom | 2BR,1BA | $1.44 |
| Dundas Apartments | 2 bed, 1 bath | 2BR,1BA | $1.78 |
| Riverview Manor | 1 BD 1 BA | 1BR,1BA | $1.27 |
| Centennial & Heritage Apartments | 2 BD/1 BA (715) | 2BR,1BA | $1.89 |
| The Bank | 1 Bedroom | 1BR,1BA | $1.69 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Cannon Falls
What type of rentals are currently available in Cannon Falls?
There are currently 57 Apartments for Rent in Cannon Falls, MN with pricing that ranges from $910 to $3,017. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cannon Falls ranging from $1,320 to $3,990.
What is the current price range for Rental Homes in Cannon Falls?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Cannon Falls ranges from $1,320 to $3,990 with an average monthly rent of $2,338.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.