Minneapolis, MN Rent Trends
Rank #56, last updated May 17
To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily.
What is the average rent in Minneapolis?
The average rent of a studio apartment in Minneapolis, MN is $959. The average rent of a 1-bedroom in Minneapolis, MN is $1,125. The average rent of a 2-bedroom in Minneapolis, MN is $1,695. The average rent of a 3-bedroom in Minneapolis, MN is $2,265.
Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.
Rent Prices Over Time in Minneapolis
Apartment Rent Ranges in Minneapolis
The monthly rent for apartments in Minneapolis, MN ranges from $600 to $2,200+.
$600 - $1,000
$1,000 - $1,400
$1,400 - $1,800
$1,800 - $2,200
$2,200+
What is the average apartment size in Minneapolis?
The average size of a Minneapolis, MN apartment is 692 square feet, while the median apartment size for Minneapolis, MN is 638 square feet. However, square footage varies based on unit type. Most rentals in Minneapolis, MN (47.24%) are 1 bedroom apartments, while the fewest (12.56%) are 3+ bedroom apartments. Meanwhile, 2 bedroom apartments account for 20.72%, and studio apartments make up 19.47%.
Studio
One bedroom
Two bedrooms
Three+ bedrooms
What is the average rent for various neighborhoods in Minneapolis?
| Studio | 1 bed | 2 beds | 3+ beds | |
|---|---|---|---|---|
| Como | $1,250 | $1,257 | $1,560 | $2,459 |
| Elliot Park | $990 | $999 | $1,826 | $1,850 |
| Fulton | * | $3,595 | $4,995 | $6,495 |
| Loring Park | $852 | $1,148 | $1,879 | * |
| Lowry Hill | $840 | $1,023 | * | * |
| Lowry Hill East | $895 | $1,043 | $1,435 | $2,895 |
| Lyndale | $892 | $1,010 | $1,398 | * |
| Marcy Holmes | $1,068 | $1,375 | $1,845 | $2,438 |
| North Loop | * | $1,843 | $2,467 | * |
| Prospect Park - East River Road | $1,075 | * | $1,657 | * |
| Sheridan | * | $1,724 | $2,238 | * |
| South Uptown | $925 | $1,024 | $1,295 | * |
| Steven'S Square - Loring Heights | $899 | $1,258 | $1,575 | * |
| West Calhoun | $1,223 | $1,323 | $1,880 | * |
| Whittier | $915 | $979 | $1,540 | $1,850 |
Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.
* Insufficient data to calculate value
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