
Cheap Homes for Rent in Princeton, MN from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Princeton.


35 Lake St S

490 3rd St S
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

723 5th Ave S

1508 16th St N

860 Independence Dr
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

9127 MN-25
Princeton, MN Local Guide

How much does it cost to rent a home in Princeton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Princeton 2 Bedroom Homes for Rent | $1,656 | $895 | $2,200 |
| Princeton 3 Bedroom Homes for Rent | $2,356 | $1,500 | $2,995 |
| Princeton 4 Bedroom Homes for Rent | $3,771 | $1,500 | $7,900 |
| Princeton 5 Bedroom Homes for Rent | $4,165 | $2,195 | $6,900 |
| Princeton 6 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
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Princeton, MN Local Guide
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Cheapest Available Princeton Apartments for Rent and Nearby
 The cheapest available apartment rental in Princeton, MN is a 1 Bed unit found at Isanti Village Apartments in the Isanti Northern Suburbs neighborhood priced from $1,115. Isanti Village II in the Isanti Northern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,115. Here is today’s list of the most affordable Princeton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Isanti Village Apartments | One Bedroom One Bathroom BLDG D | 1BR,1BA | $1,115 |
| Isanti Village II | One Bedroom One Bathroom BLDG D | 1BR,1BA | $1,115 |
| Prairie Village | Two Bedroom/ Two Bathroom | 2BR,1BA | $1,160 |
Best Value Apartments for Rent in Princeton, MN and Nearby
As of July 29, 2026 the best value apartment in the Princeton area is the $1.34 price per square foot 3 Bedroom Large Model at Northern Star Apartments in the in the Clemens Munsinger Gardens neighborhood starting from $1,725. The second greatest value Princeton apartment is the 3 Bedroom (60%) Model at The Bridgewell Apartments starting at $1,784 with a $1.53 price per square foot in the Isanti Northern Suburbs neighborhood. Here is today’s list of the best values for Princeton apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Northern Star Apartments | 3 Bedroom Large | 3BR,2BA | $1.34 |
| The Bridgewell Apartments | 3 Bedroom (60%) | 3BR,1.75BA | $1.53 |
| 555 Highway 23 E | Open Concept | 2BR,1BA | $1.50 |
| Rum River Apartments | B3 | 2BR,1BA | $1.38 |
| Station Street Apartments | 2 Bedroom/2 Bath Apartment | 2BR,2BA | $1.61 |
| Birch Grove Estates | 2 Bedroom / 2 Bath | 2BR,2BA | $1.62 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| Prairie Village | Two Bedroom/ Two Bathroom | 2BR,1.5BA | $1.21 |
| Isanti Village II | One Bedroom One Bathroom BLDG D | 1BR,1BA | $1.59 |
| Isanti Village Apartments | One Bedroom One Bathroom BLDG D | 1BR,1BA | $1.59 |
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.
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Best Local Schools in Princeton, MN
Princeton Primary School
Princeton Senior High School
Princeton Intermediate School
School data provided by Great Schools
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Princeton, MN Area Reviews
NoMan • 4+ years in Princeton
June 8, 2025It is okay if ur not gonna live here for 10+ years
Frequently Asked Questions about Princeton
What type of rentals are currently available in Princeton?
There are currently 58 Apartments for Rent in Princeton, MN with pricing that ranges from $920 to $2,494. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Princeton ranging from $895 to $7,900.
What is the current price range for Rental Homes in Princeton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Princeton ranges from $895 to $7,900 with an average monthly rent of $2,633.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.