Rent in Canby, MN
A 2-bedroom in Canby, MN (ZIP 56220) typically rents for about $606 a month, with a range of $606–$1,014. Owner-occupied homes in Yellow Medicine County pay about 1.04% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $706 | $706 | 1 |
| 1 bed | $442 | $442–$799 | 1 |
| 2 beds | $606 | $606–$1,014 | 1 |
| 3 beds | $616 | $616–$1,290 | 1 |
| 4 beds | $1,468 | $1,468 | 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).
Canby ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Canby, MN?
- About $606 a month: the median of the typical rents in 1 ZIP code, which range from $606–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Canby, MN?
- About $442 a month: the median of the typical rents in 1 ZIP code, which range from $442–$799. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Canby, MN?
- About $616 a month: the median of the typical rents in 1 ZIP code, which range from $616–$1,290. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Canby, MN?
- About $706 a month: the median of the typical rents in 1 ZIP code, which range from $706. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Canby, MN?
- About $1,468 a month: the median of the typical rents in 1 ZIP code, which range from $1,468. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Canby, MN?
- Owner-occupied homes in Yellow Medicine County pay a typical 1.04% 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 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Canby rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).