Rentometer, Inc. | Data as of 10/23/2025
Rice County’s rental market in Minnesota offers a diverse mix of housing that appeals to students, families, and professionals alike. The area’s historic towns—such as North Field, home to the renowned colleges of St. Olaf and Carleton, and Faribault, known for its vibrant downtown and cultural attractions—provide a blend of classic charm and modern conveniences. Prospective renters can choose from well‑maintained single‑family homes as well as a broad selection of apartment communities, ranging from efficient studio units to spacious three‑bedroom layouts. The proximity to the Cannon River, scenic parks, and convenient access to Interstate 35 make commuting and recreation equally enjoyable.
Rental rates in Rice County reflect the balance of affordability and quality. Studio apartments typically sit in the $1,200‑$1,300 range, while one‑bedroom units also hover around the low $1,200s, offering solid value for those seeking a private space. Two‑bedroom apartments generally fall into the $1,400‑$1,500 bracket, providing comfortable accommodations for small families or roommates. Larger three‑bedroom units tend toward the $1,500‑$1,600 range, delivering ample room for growing households. This range of options, combined with the county’s welcoming communities and easy access to local amenities, makes Rice County a compelling choice for renters seeking both convenience and a high quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,250 | $1,320 | $1,000 - $1,425 | $1,040 - $1,400 |
| Apartment | 1 Bedroom | $1,254 | $1,200 | $900 - $1,700 | $1,100 - $1,395 |
| Apartment | 2 Bedroom | $1,459 | $1,462 | $935 - $2,000 | $1,300 - $1,700 |
| Apartment | 3 Bedroom | $1,587 | $1,550 | $870 - $2,300 | $1,250 - $1,900 |
In the current period, the average rent in Rice was
$1,251 for Studio,
$1,262 for 1 Bedroom,
$1,460 for 2 Bedroom, and
$1,636 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.