Rent in Byron, MN
A 2-bedroom in Byron, MN (ZIP 55920) typically rents for about $1,216 a month, with a range of $1,216–$1,422. Owner-occupied homes in Olmsted County pay about 1.06% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,183 | $1,183 | 1 |
| 1 bed | $856 | $856–$1,226 | 1 |
| 2 beds | $1,216 | $1,216–$1,422 | 1 |
| 3 beds | $1,458 | $1,458–$1,969 | 1 |
| 4 beds | $1,130 | $1,130–$2,377 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Byron ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Byron, MN?
- About $1,216 a month: the median of the typical rents in 1 ZIP code, which range from $1,216–$1,422. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Byron, MN?
- About $856 a month: the median of the typical rents in 1 ZIP code, which range from $856–$1,226. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Byron, MN?
- About $1,458 a month: the median of the typical rents in 1 ZIP code, which range from $1,458–$1,969. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Byron, MN?
- About $1,183 a month: the median of the typical rents in 1 ZIP code, which range from $1,183. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Byron, MN?
- About $1,130 a month: the median of the typical rents in 1 ZIP code, which range from $1,130–$2,377. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Byron, MN?
- Owner-occupied homes in Olmsted County pay a typical 1.06% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Byron rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).