What is the median rent in Princeton, MN?

Name: Median rent in Princeton, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Princeton, MN is $991 (±$152) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 732 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Princeton, the median gross rent went from $675 in 2015–2019 to $991 in 2020–2024 (+46.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $991 (±$152)
Rented homes: 732 (±153)
$2,000 or more: 5.1%
Since 2015–2019: +46.8%

How much rent costs in Princeton

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Princeton	Mille Lacs County	Minnesota	United States
Less than $500	11.6% (±8.2 points)	15.7%	8.4%	6.3%
$500 to $999	39.8% (±15.4 points)	48.1%	21.5%	20.2%
$1,000 to $1,499	22.8% (±14.0 points)	21.4%	33.6%	28.1%
$1,500 to $1,999	20.8% (±14.9 points)	9.5%	21.4%	21.1%
$2,000 to $2,499	5.1% (±5.3 points)	4.0%	9.2%	12.0%
$2,500 to $2,999	0.0% (±3.0 points)	1.4%	3.0%	5.5%
$3,000 or more	0.0% (±3.0 points)	0.0%	3.0%	6.8%

The most common range is $500 to $999, paid by 39.8% of renting households.

5.1% of rented homes in Princeton cost $2,000 or more a month.

Princeton against Mille Lacs County, its state and the nation

Estimate (90% margin of error)
	Princeton	Mille Lacs County	Minnesota	United States
Median gross rent	$991 (±$152)	$903 (±$52)	$1,280 (±$7)	$1,413
Rented homes paying rent	732 (±153)	2,145 (±233)	614,257 (±4,397)	42,849,984

In Princeton, median gross rent is not measurably different from Mille Lacs County ($903).

It is also lower than in Minnesota ($1,280).

It is lower than the national figure ($1,413).

In Mille Lacs County, Princeton ranks 8 of 18 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 631 of 1,347.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Princeton has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$675 (±$250)	$991 (±$152)	+46.8%	No measurable change after inflation
Households that rent	45.3% (±6.9 points)	37.9% (±8.0 points)	−7.4 percentage points	Not a measurable change
Rental vacancy rate	0.0% (±1.9 points)	5.0% (±7.7 points)	+5.0 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Princeton

Nearest places with a published estimate, compared with Princeton
Place	Distance	Median gross rent	Compared with this place
Princeton	—	$991 (±$152)	—
Greenbush Township	5.9 mi	$725 (±$337)	Not measurably different
Blue Hill Township	6.2 mi	$788 (±$640)	Not measurably different
Wyanett Township	7.7 mi	$1,366 (±$98)	Higher
Zimmerman	8.8 mi	$1,398 (±$220)	Higher
Pease	9.6 mi	$1,116 (±$73)	Not measurably different
Dalbo Township	11 mi	$1,536 (±$264)	Higher
Glendorado Township	11 mi	$731 (±$597)	Not measurably different
Santiago Township	12 mi	$1,375 (±$1,002)	Not measurably different

Nearby places with a measurably higher figure: Wyanett Township, MN ($1,366), Zimmerman, MN ($1,398), Dalbo Township, MN ($1,536).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Mille Lacs County, place by place

Rank	Place	Median gross rent
2	Isle Harbor Township	$1,750 (±$975)
3	Hayland Township	$1,700 (±$123)
4	Bradbury Township	$1,625 (±$773)
5	Foreston	$1,278 (±$133)
6	Milaca Township	$1,188 (±$325)
7	Pease	$1,116 (±$73)
8	Princeton	$991 (±$152)
9	Page Township	$950 (±$37)
10	Kathio Township	$933 (±$128)
11	South Harbor Township	$928 (±$59)
12	Wahkon	$856 (±$94)
13	Milaca	$835 (±$51)
14	East Side Township	$831 (±$292)

Showing 13 of 18 places in Mille Lacs County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Princeton

What is the average rent in Princeton, MN?

The Census Bureau publishes the median rather than the average: the median gross rent in Princeton is $991 (±$152) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Princeton?

In Princeton, the median gross rent went from $675 in 2015–2019 to $991 in 2020–2024 (+46.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Princeton cost more than $2,000 a month?

5.1% of rented homes in Princeton have a gross rent of $2,000 or more a month, and 11.6% cost less than $500.

Is rent in Princeton higher than in Mille Lacs County?

In Princeton, median gross rent is not measurably different from Mille Lacs County ($903).

It is also lower than in Minnesota ($1,280).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Princeton city, Minnesota (place:52522, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.