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Minneapolis, MN Rent Trends

Rank #59, last updated March 27

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 $950. The average rent of a 1-bedroom in Minneapolis, MN is $1,082. The average rent of a 2-bedroom in Minneapolis, MN is $1,600. The average rent of a 3-bedroom in Minneapolis, MN is $2,295.

Studio

$950


1 bed

$1,082


2 beds

$1,600


3+ beds

$2,295

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 693 square feet, while the median apartment size for Minneapolis, MN is 620 square feet. However, square footage varies based on unit type. Most rentals in Minneapolis, MN (47.83%) are 1 bedroom apartments, while the fewest (11.98%) are 3+ bedroom apartments. Meanwhile, 2 bedroom apartments account for 20.39%, and studio apartments make up 19.8%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Minneapolis?

Studio1 bed2 beds3+ beds
Downtown West$1,144$1,898**
Elliot Park$995$925**
King Field*$1,545$2,220*
Loring Park$818$973$1,850*
Lowry Hill$858$998**
Lowry Hill East$865$990$1,308$2,695
Lyndale$863$995$1,275*
Marcy Holmes$1,167$1,395$1,921$2,775
North Loop$1,672$1,631$2,605*
Phillips West$935$977**
Seward$1,039$1,037**
Sheridan*$1,628$2,205*
South Uptown$846$950$1,399*
Steven'S Square - Loring Heights$775$1,060$1,853*
West Calhoun$1,133$1,255$2,078*
Whittier$885$984$1,295$1,845

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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