Rentometer, Inc. | Data as of 12/05/2025
Cannon Falls, nestled along the scenic Mississippi River in southeastern Minnesota, offers a charming blend of historic character and modern outdoor lifestyle that makes its rental market especially appealing. The downtown corridor, anchored by the iconic Cannon Falls Bridge and vibrant Main Street shops, provides easy access to cafés, boutiques, and cultural events, while nearby natural attractions such as Carley Park and the scenic River Valley Trail draw outdoor enthusiasts year‑round. Residents enjoy a close‑knit community feel with family‑friendly neighborhoods like River Valley and Eastside, where tree‑lined streets and well‑maintained parks create an inviting environment for renters of all ages.
The local rental inventory is dominated by apartments, ranging from cozy studios to spacious two‑bedroom units. Studio apartments typically fall in the $1000 range, offering an affordable entry point for singles and young professionals. One‑bedroom rentals often sit in the $1200‑$1300 range, providing comfortable space for couples or small households. Larger two‑bedroom apartments frequently approach the $1500‑$1600 range, appealing to families seeking extra room without sacrificing the town’s tranquil atmosphere. With quick proximity to the high‑school, local businesses, and major commuter routes to the Twin Cities, Cannon Falls presents a balanced rental opportunity that combines affordability, convenience, and the scenic charm of Minnesota’s riverfront living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,071 | $1,055 | $1,000 - $1,160 | $1,000 - $1,160 |
| Apartment | 1 Bedroom | $1,200 | $1,250 | $1,040 - $1,310 | $1,040 - $1,310 |
| Apartment | 2 Bedroom | $1,483 | $1,557 | $1,150 - $1,670 | $1,495 - $1,670 |
In the current period, the average rent in Cannon Falls was $1,072 for Studio, $1,200 for 1 Bedroom, and $1,484 for 2 Bedroom.
Data provided by Rentometer, Inc.