Rent to own Homes in Northfield, MN

Northfield's status as an agricultural center officially changed in 2002 with the closing of the downtown grain elevator. Today, Northfield is a growing suburb on the southern edge of the Minneapolis-St. Paul area. Carleton College and St. Olaf College lead the town with a vibrant arts and culture environment, where there is always something going on. Northfield provides just the right mix of economic stability and affordability to make it a popular place to live.

Northfield, MN is a great place for affordable rent-to-own homes! With a median household income of over $69,407 and a median rent of $812, the Northfield, MN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Northfield, MN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Northfield, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
14620 GARRETT AVE #211
Rent To Own
 
Townhouse/Condo
Saint Paul, MN 55124
1
1
720 ft2
1980
1 of 14 224 W HOLLY ST
Rent To Own
 
Single Family Home
Owatonna, MN 55060
4
1
1133 ft2
1885
107 WILKIN ST
Rent To Own
West Seventh
Single Family Home
Saint Paul, MN 55102
3
2
1548 ft2
1880
6337 GIRARD AVE S
Rent To Own
CARAG
Single Family Home
Minneapolis, MN 55423
2
3
1380 ft2
1940
6319 W 32ND ST
Rent To Own
Lenox
Single Family Home
Minneapolis, MN 55416
1
1
612 ft2
1926
New
709 SUMMIT AVE W
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
3
3
1284 ft2
1959
1 of 25 1007 MAPLE ST
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
4
3
2880 ft2
1973
New
2404 HARBOR DR
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
3
4
1834 ft2
2015
1206 DIVISION ST S
Rent to Own Eligible
 
Townhouse/Condo
Northfield, MN 55057
2
1
898 ft2
1959
201 ELM ST
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
3
5
3701 ft2
1915
319 GRINDSTONE LN
Rent to Own Eligible
 
Single Family Home
Dundas, MN 55019
5
5
1512 ft2
2002
New
2820 OAK LAWN DR
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
5
3
1497 ft2
2008
New
412 AFTON DR
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
5
4
2535 ft2
2000
1 of 25 831 HEADLEY CT
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
3
2
1494 ft2
2001
409 MANITOU ST
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
3
2
1304 ft2
1931
841 HEADLEY CT
Rent to Own Eligible
 
Townhouse/Condo
Northfield, MN 55057
3
2
1126 ft2
1992
101 SAINT OLAF AVE #407
Rent to Own Eligible
 
Townhouse/Condo
Northfield, MN 55057
2
1
1078 ft2
2006
2838 OAK LAWN DR
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
4
4
2372 ft2
2006
2007 GRANT DR
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
5
5
2376 ft2
2019
1 of 37 1116 GREENVALE AVE W
Rent to Own Eligible
 
Townhouse/Condo
Northfield, MN 55057
2
1
857 ft2
1971
1125 HERITAGE DR
Rent to Own Eligible
 
Townhouse/Condo
Northfield, MN 55057
2
3
1450 ft2
1991
1 of 23 419 PLUM ST N
Rent to Own Eligible
 
Single Family Home
Northfield, MN 55057
3
2
1422 ft2
1966
New
545 FRENCH LN
Rent to Own Eligible
 
Townhouse/Condo
Dundas, MN 55019
2
3
1430 ft2
2007
2040 37TH ST W
Rent to Own Eligible
 
Single Family Home
Webster, MN 55088
3
4
2123 ft2
1983
1462 260TH ST E
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
3
3
3502 ft2
1955
11542 CIRCLE RIDGE CT
Rent to Own Eligible
 
Single Family Home
Faribault, MN 55021
2
5
2064 ft2
2005
1 of 26 11436 DEUCE RD
Rent to Own Eligible
 
Single Family Home
Elko New Market, MN 55020
3
2
2905 ft2
1970
16571 BAGLEY AVE
Rent to Own Eligible
 
Single Family Home
Faribault, MN 55021
4
5
2376 ft2
1973
1 of 20 26883 MEADOW RIDGE DR
Rent to Own Eligible
 
Single Family Home
Elko New Market, MN 55020
4
3
2346 ft2
2005
New
1821 LEGACY DR
Rent to Own Eligible
 
Single Family Home
Faribault, MN 55021
4
6
2469 ft2
2007
New
1311 GREENLEAF RD
Rent to Own Eligible
 
Single Family Home
Faribault, MN 55021
4
6
2644 ft2
1998
2202 HULETT AVE
Rent to Own Eligible
 
Single Family Home
Faribault, MN 55021
3
4
1261 ft2
2000
9855 E 260TH ST
Rent to Own Eligible
 
Single Family Home
Elko New Market, MN 55020
4
1
2256 ft2
1906
11381 242ND CT E
Rent to Own Eligible
 
Single Family Home
Lakeville, MN 55044
3
2
2556 ft2
1968
1 of 63 26829 STIRLING CT
Rent to Own Eligible
 
Single Family Home
Elko New Market, MN 55020
3
3
2439 ft2
2003
22702 HAMBURG AVE
Rent to Own Eligible
 
Single Family Home
Lakeville, MN 55044
3
3
2739 ft2
1997
New
1312 FAIRVIEW LN
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
3
2
1612 ft2
1971
New
1822 WESTERN AVE NW
Rent to Own Eligible
 
Single Family Home
Faribault, MN 55021
3
3
1335 ft2
1962
1129 DORTHY LN
Rent to Own Eligible
 
Townhouse/Condo
Elko New Market, MN 55054
4
3
1340 ft2
2022
1 of 25 3172 AARON DR
Rent to Own Eligible
 
Single Family Home
Elko New Market, MN 55054
5
5
4040 ft2
2017
New
2401 CORNELL DR
Rent to Own Eligible
 
Townhouse/Condo
Faribault, MN 55021
2
2
1286 ft2
1997
1 of 50 22355 ALBATROSS CIR
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
6
4
3614 ft2
2000
716 8TH ST
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
3
1942 ft2
1960
1008 LOCUST ST
Rent to Own Eligible
 
Single Family Home
Farmington, MN 55024
4
2
1598 ft2
1997
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55057 rent to own homes

Buying a Home in Northfield, MN

Northfield, MN is seeing rapid growth and Northfield, MN's' housing market remains not optimal with an average home price that is 11% above the 2024 national average. Northfield, MN is part of Rice county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Rice is 0.89% which is below the national average, which is 0.99%.

Median Home Price in Northfield, MN

Median Rent in Northfield, MN

Rent to own homes offer low monthly payments and flexible terms.

Top 6 Reasons to Live in Northfield, MN

Rising home prices! Northfield home sales have been rising steadily. In addition, popular neighborhoods, such as the Downtown area and the Carleton College neighborhood, continue to enjoy low vacancy rates, and rent to own homes are found in and around the two colleges.

A downtown that brings people together! Bridge Square was built early in the town's history and continues to be a focal point. Scenic walkways along the river, shops and restaurants attract local residents and students alike. The Hogan Brothers cafe offers acoustic music in a relaxed atmosphere, and Sunday morning at Hideaway Coffeehouse is always bustling.

Values can be found everywhere! The average home price is still below the Minnesota average at $98 per square foot. But act quickly, as sellers and rental agents often receive several offers. This can be truer in the Downtown and St. Olaf area during the late summer, when faculty and students are gobbling up available homes.

Learn about the demise of Jesse James! The famous outlaws, the James-Younger Gang, met their end in Northfield. Learn all about it at the museum, which is located at the original bank robbery site. Northfield is proud of its role in defeating the outlaws and holds the Outlaw Run each year. However, the modern day version is a road and bike race, and there are no outlaws to chase.

Don't miss the crazy festivals! The annual Horseshoe Hunt has become a favorite community event as locals try to find a horseshoe hidden somewhere on the public grounds. And, don't miss the annual The Defeat of Jesse James Days and witness the reenactment of the gang's failed robbery.

Get outdoors! Stop by the Carleton College Cowling Arboretum, which boasts a nature preserve and a 15-mile trail for runners. You can also stop and fish at the Cannon River.