Minneapolis, MN Rental Market Trends

Q: What are the most affordable neighborhoods in Minneapolis?

The most affordable neighborhoods in Minneapolis are CARAG , where the average rent goes for $1,150/month, Tangletown , where renters pay $1,173/mo on average, and Ventura Village , where the average rent goes for $1,179/mo. If you’re looking for other great deals, check out the listings from Stevens Square - Loring Heights ($1,192), Seward ($1,234), and Windom Park ($1,278), where the asking prices are below the average Minneapolis rent of $1,686/mo.

Q: What are the most popular neighborhoods in Minneapolis?

The most popular neighborhood in Minneapolis is North Loop , where there are 24 listings with an average rent of $2,079. Next up is Downtown Minneapolis , where apartments go for $1,966/month, followed by Uptown Minneapolis with $1,698 If you’re looking to rent in Minneapolis’s most popular neighborhoods, make sure to also check out Brooklyn Center , where renters pay $1,321 on average, and Richfield , where the average monthly rent is $1,443.

What is the average rent in Minneapolis?

The average rent for an apartment in Minneapolis is $1,686. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Minneapolis, MN

Last updated August 2025

Average Rent	Average Apartment Size
$1,686	778 sq. ft.

What is the average apartment size in Minneapolis?

The average size for a Minneapolis, MN apartment is 778 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Minneapolis, MN apartment rent ranges

Minneapolis, MN Occupied Housing Units

98,258 or 52% of the households in Minneapolis, MN are renter-occupied while 90,686 or 48% are owner-occupied.

Minneapolis, MN rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Minneapolis, MN By Neighborhood

City	Average Rent
Cedar - Isles - Dean	$2,517
Nicollet Island - East Bank	$2,157
St. Anthony West	$2,156
Dinkytown	$2,112
North Loop	$2,079
Marcy Holmes	$1,992
Downtown Minneapolis	$1,966
University of Minnesota	$1,961
Ericsson	$1,820
Prospect Park East River Road	$1,785
Hiawatha	$1,722
Sheridan	$1,714
Bryn - Mawr	$1,704
Uptown Minneapolis	$1,698
St. Anthony	$1,644
Marshall Terrace	$1,612
Standish	$1,604
Midtown Phillips	$1,603
Near North Minneapolis	$1,599
King Field	$1,596
West Calhoun	$1,586
Robbinsdale	$1,541
Holland	$1,491
Cedar Riverside	$1,479
Loring Park	$1,466
Windom	$1,466
Richfield	$1,443
Phillips West	$1,400
Harrison	$1,391
Linden Hills	$1,377
Lowry Hill	$1,375
Howe	$1,358
Whittier	$1,323
Brooklyn Center	$1,321
Longfellow	$1,309
Windom Park	$1,278
Seward	$1,234
Stevens Square - Loring Heights	$1,192
Ventura Village	$1,179
Tangletown	$1,173
CARAG	$1,150

What are the most affordable neighborhoods in Minneapolis?

The most affordable neighborhoods in Minneapolis are CARAG, where the average rent goes for $1,150/month, Tangletown, where renters pay $1,173/mo on average, and Ventura Village, where the average rent goes for $1,179/mo. If you’re looking for other great deals, check out the listings from Stevens Square - Loring Heights ($1,192), Seward ($1,234), and Windom Park ($1,278), where the asking prices are below the average Minneapolis rent of $1,686/mo.

What are the most expensive neighborhoods in Minneapolis?

The most expensive neighborhoods in Minneapolis are St. Anthony West ($2,156), Nicollet Island - East Bank ($2,157) and Cedar - Isles - Dean ($2,517).

What are the most popular neighborhoods in Minneapolis?

The most popular neighborhood in Minneapolis is North Loop, where there are 24 listings with an average rent of $2,079. Next up is Downtown Minneapolis, where apartments go for $1,966/month, followed by Uptown Minneapolis with $1,698 If you’re looking to rent in Minneapolis’s most popular neighborhoods, make sure to also check out Brooklyn Center, where renters pay $1,321 on average, and Richfield, where the average monthly rent is $1,443.

Minneapolis | Rent Comparison by Neighborhood

Rent in Brooklyn Center is 22% lower than in Bryn - Mawr

$1,321

Brooklyn Center rent is 22% lower than Minneapolis average

Average Rent $1,321

$1,704

Bryn - Mawr rent is 1% higher than Minneapolis average

Average Rent $1,704

How Minneapolis Compares to Other Cities

State	Average Rent
Minneapolis	$1,686
St. Paul	$1,526
Moorhead	$1,087
Rochester	$1,671
St. Cloud	$1,145
Bloomington	$1,653
St. Louis Park	$1,797
Mankato	$1,387
Edina	$1,861
Minnetonka	$1,927
Burnsville	$1,547

What is the average price for a storage unit in Minneapolis?

The average rent for a non-climate-controlled 10'x10' storage unit in Minneapolis is $126.67. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.