Rent in Red Wing, MN
A 2-bedroom in Red Wing, MN (ZIP 55066) typically rents for about $1,120 a month, with a range of $1,120–$1,172. Owner-occupied homes in Goodhue County pay about 1.05% 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 | $641 | $641–$816 | 1 |
| 1 bed | $786 | $786–$966 | 1 |
| 2 beds | $1,120 | $1,120–$1,172 | 1 |
| 3 beds | $1,364 | $1,364–$1,613 | 1 |
| 4 beds | $1,959 | $1,959 | 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).
Red Wing ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Red Wing, MN?
- About $1,120 a month: the median of the typical rents in 1 ZIP code, which range from $1,120–$1,172. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Red Wing, MN?
- About $786 a month: the median of the typical rents in 1 ZIP code, which range from $786–$966. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Red Wing, MN?
- About $1,364 a month: the median of the typical rents in 1 ZIP code, which range from $1,364–$1,613. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Red Wing, MN?
- About $641 a month: the median of the typical rents in 1 ZIP code, which range from $641–$816. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Red Wing, MN?
- About $1,959 a month: the median of the typical rents in 1 ZIP code, which range from $1,959. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Red Wing, MN?
- Owner-occupied homes in Goodhue County pay a typical 1.05% 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 Red Wing rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).