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 $1,147/month, Tangletown , where renters pay $1,157/mo on average, and Ventura Village , where the average rent goes for $1,175/mo. If you’re looking for other great deals, check out the listings from Stevens Square - Loring Heights ($1,182), Seward ($1,243), and Windom Park ($1,260), where the asking prices are below the average Minneapolis rent of $1,674/mo.

Q: What are the most popular neighborhoods in Minneapolis?

The most popular neighborhood in Minneapolis is North Loop , where there are 25 listings with an average rent of $2,071. Next up is Uptown Minneapolis , where apartments go for $1,689/month, followed by Downtown Minneapolis with $1,951 If you’re looking to rent in Minneapolis’s most popular neighborhoods, make sure to also check out Brooklyn Center , where renters pay $1,317 on average, and Richfield , where the average monthly rent is $1,430.

What is the average rent in Minneapolis?

The average rent for an apartment in Minneapolis is $1,674. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Minneapolis, MN

Last updated July 2025

Average Rent	Average Apartment Size
$1,674	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	$2,457
Dinkytown	$2,148
St. Anthony West	$2,145
Nicollet Island - East Bank	$2,138
North Loop	$2,071
Marcy Holmes	$1,979
University of Minnesota	$1,957
Downtown Minneapolis	$1,951
Ericsson	$1,824
Prospect Park East River Road	$1,773
Sheridan	$1,708
Hiawatha	$1,707
Bryn - Mawr	$1,696
Uptown Minneapolis	$1,689
St. Anthony	$1,631
Standish	$1,606
Marshall Terrace	$1,597
Midtown Phillips	$1,596
Near North Minneapolis	$1,573
West Calhoun	$1,571
Holland	$1,479
Robbinsdale	$1,473
Cedar Riverside	$1,463
Loring Park	$1,455
Richfield	$1,430
Windom	$1,425
Harrison	$1,388
Lowry Hill	$1,362
Phillips West	$1,354
Linden Hills	$1,350
Howe	$1,348
Whittier	$1,319
Longfellow	$1,317
Brooklyn Center	$1,317
Windom Park	$1,260
Seward	$1,243
Stevens Square - Loring Heights	$1,182
Ventura Village	$1,175
Tangletown	$1,157
CARAG	$1,147

What are the most affordable neighborhoods in Minneapolis?

The most affordable neighborhoods in Minneapolis are CARAG, where the average rent goes for $1,147/month, Tangletown, where renters pay $1,157/mo on average, and Ventura Village, where the average rent goes for $1,175/mo. If you’re looking for other great deals, check out the listings from Stevens Square - Loring Heights ($1,182), Seward ($1,243), and Windom Park ($1,260), where the asking prices are below the average Minneapolis rent of $1,674/mo.

What are the most expensive neighborhoods in Minneapolis?

The most expensive neighborhoods in Minneapolis are St. Anthony West ($2,145), Dinkytown ($2,148) and Cedar - Isles - Dean ($2,457).

What are the most popular neighborhoods in Minneapolis?

The most popular neighborhood in Minneapolis is North Loop, where there are 25 listings with an average rent of $2,071. Next up is Uptown Minneapolis, where apartments go for $1,689/month, followed by Downtown Minneapolis with $1,951 If you’re looking to rent in Minneapolis’s most popular neighborhoods, make sure to also check out Brooklyn Center, where renters pay $1,317 on average, and Richfield, where the average monthly rent is $1,430.

Minneapolis | Rent Comparison by Neighborhood

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

$1,317

Brooklyn Center rent is 21% lower than Minneapolis average

Average Rent $1,317

$1,696

Bryn - Mawr rent is 1% higher than Minneapolis average

Average Rent $1,696

How Minneapolis Compares to Other Cities

State	Average Rent
Minneapolis	$1,674
St. Paul	$1,518
Moorhead	$1,094
Rochester	$1,656
Bloomington	$1,638
Mankato	$1,375
St. Cloud	$1,151
St. Louis Park	$1,789
Edina	$1,857
Minnetonka	$1,907
Burnsville	$1,551
Plymouth, MN	$1,707
Eagan	$1,661
Eden Prairie	$1,781
Coon Rapids	$1,425
Fridley	$1,430
Maplewood	$1,451
Maple Grove, MN	$2,113
White Bear Lake, MN	$1,568
Roseville	$1,404
Brooklyn Center, MN	$1,317

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.