North Branch, Minnesota Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the North Branch, Minnesota rental market.
North Branch, Minnesota
Average Apartment Rent
$1,040
Y-o-Y Change in Average
Apartment Rent
0.5%
As of March 2026
Compared to a year ago, North Branch, Minnesota apartments have recorded a 0.5% rent increase.
North Branch, Minnesota Average apartment rent trend
North Branch, Minnesota Average Apartment Rent
North Branch, Minnesota Apartment rent ranges
At 62.62%, apartments priced $1,000 - $1,500 represent the bulk of North Branch, Minnesota rentals, while condos priced Under $1,000 hold the lowest share of the market – 37.38%.
North Branch, Minnesota Housing tenure**
Renters take up 16% of North Branch, Minnesota real estate, occupying a total of 674 units, while homeowners live in 3,547 properties.
Median number of rooms of renter-occupied housing units**
3.3
Renter median household income**
$36,500
Average household size of renter-occupied housing units**
1.93
North Branch, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 225 rentals in North Branch, Minnesota with 2 beds making up the highest share of the market, at 33%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 14 units. Overall, the median number of rooms in North Branch, Minnesota homes for rent is 3.3.
North Branch, Minnesota Renter-occupied units by age of householder**
Most condos for rent in North Branch, Minnesota are occupied by residents in the 75 - 84 years age group (25%), followed by those in the 25 - 34 years age group (23%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 4%.
North Branch, Minnesota Renter-occupied housing units by family type**
North Branch, Minnesota Renter-occupied housing units by the presence of own children**
A total of 305 apartments for rent in North Branch, Minnesota, or 45% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 160 units. All in all, the median size of a renter-occupied household in North Branch, Minnesota is 1.93.
North Branch, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 6% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in North Branch, Minnesota.
North Branch, Minnesota Renter-occupied units by year structure built**
The highest share of North Branch, Minnesota apartment rentals, namely 28% or 187 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (27%, 179 units), and the ones Built 1970 - 1979 (16%, 105 units).
North Branch, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most North Branch, Minnesota renters (52%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their North Branch, Minnesota condos for rent is 2017.
North Branch, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of North Branch, Minnesota renters have 1 vehicle available per household, 20% of them have No vehicle available, and 15% have 2 vehicles available.
North Branch, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
North Branch, Minnesota Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all North Branch, Minnesota apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
