Minneapolis, MN Rental Market Trends
Last updated: October 21, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Minneapolis is $1,681, a 2.67% increase compared to the previous year, when the average rent was $1,637.
Studio Apartments at $1,202 offer the most budget-friendly option with 463 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 680 square feet for $1,505, balancing privacy and affordability.
Two-beedroom units at $2,070 offer 1,017 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,285 sq ft) for $2,443, suitable for larger households.
Average rent in Minneapolis, MN
Last updated: October 21, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,681 | 778 sq. ft. |
| Studio | $1,202 | 463 sq. ft. |
| 1 Bed | $1,505 | 680 sq. ft. |
| 2 Beds | $2,070 | 1,017 sq. ft. |
| 3 Beds | $2,443 | 1,285 sq. ft. |
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?
98,258 or 52% of the households in Minneapolis, MN are renter-occupied while 90,686 or 48% are owner-occupied.
Most affordable neighborhoods in Minneapolis?
Tangletown $1,147/month
Tangletown $1,147/month
CARAG $1,155/month
All of these neighborhoods fall below the city wide average of $1,681/month.Most expensive neighborhoods in Minneapolis?
Nicollet Island - East Bank $2,170/month
Cedar - Isles - Dean $2,537/month
Cedar - Isles - Dean $2,537/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Minneapolis, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Cedar - Isles - Dean | $2,537 |
| Cedar - Isles - Dean | $2,537 |
| Nicollet Island - East Bank | $2,170 |
| Nicollet Island - East Bank | $2,170 |
| St. Anthony West | $2,157 |
| St. Anthony West | $2,157 |
| Dinkytown | $2,122 |
| Dinkytown | $2,122 |
| North Loop | $2,078 |
| North Loop | $2,078 |
| Marcy Holmes | $1,988 |
| Marcy Holmes | $1,988 |
| Downtown Minneapolis | $1,971 |
| Downtown Minneapolis | $1,971 |
| Ericsson | $1,845 |
| Ericsson | $1,845 |
| Prospect Park East River Road | $1,790 |
| Prospect Park East River Road | $1,790 |
| Hiawatha | $1,721 |
| Hiawatha | $1,721 |
| Sheridan | $1,714 |
| Sheridan | $1,714 |
| Bryn - Mawr | $1,693 |
| Bryn - Mawr | $1,693 |
| Uptown Minneapolis | $1,691 |
| Uptown Minneapolis | $1,691 |
| St. Anthony | $1,632 |
| St. Anthony | $1,632 |
| Marshall Terrace | $1,610 |
| Marshall Terrace | $1,610 |
| Standish | $1,604 |
| Standish | $1,604 |
| Midtown Phillips | $1,602 |
| Midtown Phillips | $1,602 |
| Near North Minneapolis | $1,597 |
| Near North Minneapolis | $1,597 |
| West Calhoun | $1,585 |
| West Calhoun | $1,585 |
| Robbinsdale | $1,526 |
| Robbinsdale | $1,526 |
| Holland | $1,488 |
| Holland | $1,488 |
| Loring Park | $1,445 |
| Loring Park | $1,445 |
| Richfield | $1,443 |
| Richfield | $1,443 |
| Windom | $1,417 |
| Windom | $1,417 |
| Cedar Riverside | $1,410 |
| Cedar Riverside | $1,410 |
| Harrison | $1,390 |
| Harrison | $1,390 |
| Phillips West | $1,386 |
| Phillips West | $1,386 |
| Lowry Hill | $1,365 |
| Lowry Hill | $1,365 |
| Howe | $1,355 |
| Howe | $1,355 |
| Linden Hills | $1,345 |
| Linden Hills | $1,345 |
| Brooklyn Center | $1,327 |
| Brooklyn Center | $1,327 |
| Whittier | $1,310 |
| Whittier | $1,310 |
| Longfellow | $1,303 |
| Longfellow | $1,303 |
| Seward | $1,263 |
| Seward | $1,263 |
| Stevens Square - Loring Heights | $1,191 |
| Stevens Square - Loring Heights | $1,191 |
| Ventura Village | $1,183 |
| Ventura Village | $1,183 |
| CARAG | $1,155 |
| CARAG | $1,155 |
| Tangletown | $1,147 |
| Tangletown | $1,147 |
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Minneapolis | Rent Comparison by Neighborhood
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
| City | Average Rent |
|---|---|
| Minneapolis | $1,681 |
| St. Paul | $1,524 |
| St. Louis Park | $1,796 |
| Moorhead | $1,088 |
| Bloomington | $1,661 |
| Edina | $1,862 |
| Rochester | $1,663 |
| Mankato | $1,387 |
| St. Cloud | $1,157 |
| Plymouth, MN | $1,706 |
| Eagan, MN | $1,682 |
| Minnetonka, MN | $1,923 |
| Burnsville, MN | $1,566 |
| Coon Rapids, MN | $1,435 |
| Eden Prairie, MN | $1,781 |
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.