Minneapolis, MN Rental Market Trends

Last updated: October 21, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Average rent in Minneapolis, MN

Last updated: October 21, 2025

Minneapolis, MN rent trends

Rental prices in Minneapolis, MN have increased by 2.67% over the past year. The average rent moved from $1,637 to $1,681.

What's the typical rent budget in Minneapolis, MN?

The largest share of rentals in Minneapolis, MN (41%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Minneapolis, MN?

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Minneapolis, MN By Neighborhood

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Minneapolis | Rent Comparison by Neighborhood

Neighborhood
vs.

Rent in Brooklyn Center is the same as in Brooklyn Center

$1,327

Brooklyn Center rent is 21% lower than Minneapolis average

Average Rent $1,327
$1,327

Brooklyn Center rent is 21% lower than Minneapolis average

Average Rent $1,327

How Minneapolis Compares to Other Cities

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Minneapolis apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.