Minneapolis, MN Rent Trends

Rank #61, last updated February 26

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What is the average rent in Minneapolis?

The average rent of a studio apartment in Minneapolis, MN is $927. The average rent of a 1-bedroom in Minneapolis, MN is $1,050. The average rent of a 2-bedroom in Minneapolis, MN is $1,475. The average rent of a 3-bedroom in Minneapolis, MN is $2,250.

Studio

$927


1 bed

$1,050


2 beds

$1,475


3+ beds

$2,250

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 $1,800+.

$600 - $900

$900 - $1,200

$1,200 - $1,500

$1,500 - $1,800

$1,800+

What is the average apartment size in Minneapolis?

The average size of a Minneapolis, MN apartment is 698 square feet, while the median apartment size for Minneapolis, MN is 624 square feet. However, square footage varies based on unit type. Most rentals in Minneapolis, MN (49.11%) are 1 bedroom apartments, while the fewest (15.48%) are 3+ bedroom apartments. Meanwhile, 2 bedroom apartments account for 17.71%, and studio apartments make up 17.71%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Minneapolis?

Studio1 bed2 beds3+ beds
Downtown West$1,275$1,292**
East Harriet$915$999**
Elliot Park*$1,025$1,650*
King Field*$1,385$1,500*
Loring Park$775$981$2,092*
Lowry Hill East$895$978$1,298*
Lyndale$799$1,087$1,650*
Marcy Holmes$1,097$1,366$1,550$3,016
Powderhorn Park$979$1,125**
South Uptown$1,010$1,130$1,600$1,595
St. Anthony West$1,282$1,375$1,999*
Steven'S Square - Loring Heights$856$975$1,468*
West Calhoun*$1,197$1,698*
Whittier$947$950$1,223$1,919

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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