Rentometer, Inc. | Data as of 10/22/2025
Thief River Falls offers a vibrant rental market that caters to a diverse range of renters, from students at Northwest Minnesota College to professionals working in the city’s growing manufacturing and healthcare sectors. The housing stock is dominated by apartments, providing a variety of floor plans that suit both single occupants and families. One‑bedroom units typically fall in the $990s, while two‑bedroom apartments are commonly found around the $1,100 mark, and three‑bedroom options sit in the $1,170s. These price points reflect a balanced market that combines affordability with modern amenities, making Thief River Falls an attractive destination for those seeking comfortable living spaces in a friendly Midwestern community.
The city’s neighborhoods each bring a distinct character to the rental landscape. The historic downtown area boasts walkable streets, boutique shops, and easy access to cultural venues such as the Weichenthal Museum and the River City Playhouse. Riverside and Northside neighborhoods provide quieter, tree‑lined streets and proximity to the Red Lake River, ideal for renters who enjoy outdoor recreation and easy access to parks like Kennedy Park and the River Bluff Trail. Additionally, the growing presence of new apartment complexes near the commercial corridor offers contemporary finishes and convenient access to major employers and public transit.
Beyond housing, Thief River Falls is known for its strong community spirit, annual events like the Riverfest celebrations, and recreational opportunities ranging from golfing at the River Falls Golf Course to winter sports at the nearby ski hills. These amenities, combined with a stable rental market and a range of apartment options, make Thief River Falls a compelling place to call home for anyone looking to enjoy the best of Minnesota’s small‑city lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $989 | $968 | $895 - $1,236 | $906 - $1,010 |
| Apartment | 2 Bedroom | $1,073 | $1,112 | $787 - $1,246 | $995 - $1,153 |
| Apartment | 3 Bedroom | $1,168 | $1,131 | $1,085 - $1,328 | $1,123 - $1,328 |
In the current period, the average rent in Thief River Falls was
$990 for 1 Bedroom,
$1,074 for 2 Bedroom, and
$1,169 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.