Rent in Princeton, MN
A 2-bedroom in Princeton, MN (ZIP 55371) typically rents for about $794 a month, with a range of $794–$1,124. Owner-occupied homes in Mille Lacs County pay about 1.04% 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 | $820 | $820 | 1 |
| 1 bed | $870 | $870 | 1 |
| 2 beds | $794 | $794–$1,124 | 1 |
| 3 beds | $1,568 | $1,351–$1,568 | 1 |
| 4 beds | $1,927 | $1,879–$1,927 | 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).
Princeton ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Princeton, MN?
- About $794 a month: the median of the typical rents in 1 ZIP code, which range from $794–$1,124. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Princeton, MN?
- About $870 a month: the median of the typical rents in 1 ZIP code, which range from $870. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Princeton, MN?
- About $1,568 a month: the median of the typical rents in 1 ZIP code, which range from $1,351–$1,568. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Princeton, MN?
- About $820 a month: the median of the typical rents in 1 ZIP code, which range from $820. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Princeton, MN?
- About $1,927 a month: the median of the typical rents in 1 ZIP code, which range from $1,879–$1,927. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Princeton, MN?
- Owner-occupied homes in Mille Lacs 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 7.32% 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 Princeton rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).