First Street Estates
1611 1st St W,
Thief River Falls, MN 56701
1-3 Beds | $920 - $1,250
Rental Market Trends in Thief River Falls, MN
What is the average rent in Thief River Falls, MN?
$854/month
Average Rent
718 Sq Ft
Average Apartment Size
+2.2%
Increase in the Last Year
Thief River Falls, MN Rental Market Overview
The average rent in Thief River Falls, MN is $854 per month. This is 48% lower than the national average rent of $1,645/month, making renting in Thief River Falls more affordable than most cities in the US.
- Studio apartments in Thief River Falls average $427 per month.
- One-bedroom apartments in Thief River Falls average $854 per month.
- Two-bedroom apartments in Thief River Falls average $989 per month.
- Three-bedroom apartments in Thief River Falls average $1,280 or more per month.
Data Updated: June 1, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Thief River Falls, MN?
In the past year, rent has increased by 2.2%, which averages out to $19 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Thief River Falls, MN
Last Updated June 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
27%
Below $700/month
36%
$700 - $1,000/month
36%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Thief River Falls, MN?
Because the average rent in Thief River Falls is $854, you’ll want to make about $2,846 per month or $34,152 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Thief River Falls, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Thief River Falls, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Frequently Asked Questions
What is the average rent in Thief River Falls?
The average rent in Thief River Falls is $854 per month, which is 48.1% lower than the national average of $1,645.
Are rents going up or down in Thief River Falls?
Rents in Thief River Falls, MN are increasing, with prices up 2.2% year-over-year and $19 more per month.
What rent range is most common in Thief River Falls?
In Thief River Falls, MN, 36% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.