Average Rent in Minneapolis, MN
72 apartment buildings, 796 units. Daily asking prices with rent history for every building.
Browse apartments in Minneapolis, MNCheapest
$800/mo
East Town Apartments
Properties
72
tracked daily
Units
796
available now
Minneapolis, MN Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 72 properties in Minneapolis, MN.
Average rent trend, last 3 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Minneapolis, MN Rent Prices
All 72 properties ranked by lowest available rent.
East Town Apartments
618 S 9th Ave, Minneapolis, MN 55415, USA
Hub Minneapolis
311 SE Harvard St, Minneapolis, MN 55414, USA
St. Anthony Mills
720 Washington Ave S, Minneapolis, MN 55415, USA
The Station on Washington
616 Washington Ave SE, Minneapolis, MN 55414, USA
Lilium Apartments
706 S 9th St, Minneapolis, MN 55404, USA
Stadium Village Flats
850 Washington Ave SE, Minneapolis, MN 55414, USA
Stonehouse Square Apartments
215 Broadway St NE, Minneapolis, MN 55413, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | East Town Apartments 618 S 9th Ave, Minneapolis, MN 55415, USA | $800 | $1,146 | $1.60/ft² | 3.9 (111) | 22 |
| 2 | Hub Minneapolis 311 SE Harvard St, Minneapolis, MN 55414, USA | $1,018 as of Sep 22 | $1,018 | $1.26/ft² | 3.8 (340) | 1 |
| 3 | St. Anthony Mills 720 Washington Ave S, Minneapolis, MN 55415, USA | $1,020 | $1,248 | $1.55/ft² | 4.1 (50) | 2 |
| 4 | The Station on Washington 616 Washington Ave SE, Minneapolis, MN 55414, USA | $1,022 | $1,517 | $2.33/ft² | 4.5 (188) | 19 |
| 5 | Lilium Apartments 706 S 9th St, Minneapolis, MN 55404, USA | $1,040 | $1,170 | $1.71/ft² | 5 (5) | 2 |
| 6 | Stadium Village Flats 850 Washington Ave SE, Minneapolis, MN 55414, USA | $1,045 | $1,366 | -- | 3.8 (112) | 4 |
| 7 | Stonehouse Square Apartments 215 Broadway St NE, Minneapolis, MN 55413, USA | $1,047 as of Sep 30 | $1,270 | $1.81/ft² | 3.8 (17) | 5 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
East Town Apartments
3.9 (111)618 S 9th Ave, Minneapolis, MN 55415, USA
Hub Minneapolis
3.8 (340)311 SE Harvard St, Minneapolis, MN 55414, USA
St. Anthony Mills
4.1 (50)720 Washington Ave S, Minneapolis, MN 55415, USA
The Station on Washington
4.5 (188)616 Washington Ave SE, Minneapolis, MN 55414, USA
Lilium Apartments
5 (5)706 S 9th St, Minneapolis, MN 55404, USA
Stadium Village Flats
3.8 (112)850 Washington Ave SE, Minneapolis, MN 55414, USA
By Area
Minneapolis, MN neighborhoods
Tracked buildings across 11 named neighborhoods. Pick one to see its apartments.
Minneapolis, MN Average Rent Prices 2026
The average rent in Minneapolis, MN is $2,060 per month, based on 796 units across 72 apartment communities. Prices range from $800 at East Town Apartments to $8,963 at 365 Nicollet.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,511/mo | $800/mo | 144 |
| 1 Bed | $1,822/mo | $1,022/mo | 373 |
| 2 Bed | $2,557/mo | $1,020/mo | 261 |
| 3 Bed | $4,200/mo | $1,368/mo | 18 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Building Economics
How much do Minneapolis, MN apartments earn?
The 16 buildings we can estimate generate about $4.8M in rental revenue per month ($58M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Asking / Leased | Est. Occupancy | Units |
|---|---|---|---|---|
| 1.NoLo Living - NoLo South | $536K/mo | $1,939 / $1,854 | 94% | 308 |
| 2.HQ Apartments | $511K/mo | $1,934 / $1,893 | 88% | 306 |
| 3.The Archive Apartments | $490K/mo | $2,866 / $2,563 | 96% | 200 |
| 4.Soo Line Building City Apartments | $459K/mo | $2,047 / $1,988 | 91% | 254 |
| 5.Moment Apartments | $394K/mo | $2,053 / $1,961 | 91% | 222 |
| 11 more estimated buildings | $2.4M/mo |
Research estimates from listing activity, not operator financials. Asking is the average listed rent; leased is the average rent at which units left the market. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in Minneapolis, MN, and what they pay
Tracked one-bedroom rent in Minneapolis, MN averages $1,822/mo, with two-bedroom units averaging $2,557/mo. At the local median household income of $80,269, that works out to 31% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Minneapolis, MN at $1,329/mo. The current tracked market average runs 55% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Minneapolis, MN while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Minneapolis-St. Paul
Demand in the Minneapolis-St. Paul rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Target
- U.S. Bank
- Ameriprise Financial
- Xcel Energy
- UnitedHealth Group
- Medtronic
- 3M
Mean one-way commute in Minneapolis, MN is 23 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Minneapolis, MN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$82,000/year
Based on the 30 percent rule, using our tracked average rent of $2,060/mo.
Comfortable income
$99,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($800/mo), you need to earn at least $32,000/year.
Median household income in Minneapolis, MN is $80,269 , about 19% below the comfortable-living threshold.
Cost of living in Minneapolis, MN
Overall prices in Minneapolis, MN runs above the national average by about 4% (BEA Regional Price Parity index 104.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Minneapolis, MN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,060 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $5,664/mo |
Population
426,845
Median household income
$80,269
Census median rent
$1,329/mo
Census rent burden
28.7%
Median age
33.0
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Minnesota
How Minneapolis, MN rent compares to other markets in the state.
| City | Avg Rent | vs Minneapolis, MN | 30-Day Change | Properties |
|---|---|---|---|---|
| Eden Prairie, MN | $1,960 | -5% | -2.3% | 17 |
| ST Paul, MN | $1,786 | -13% | -3.4% | 16 |
| Burnsville, MN | $1,637 | -21% | -2.5% | 15 |
| Woodbury, MN | $1,942 | -6% | +6.5% | 15 |
| Eagan, MN | $1,893 | -8% | +4.6% | 14 |
| Rochester, MN | $1,655 | -20% | -3.2% | 13 |
Frequently asked questions
What is the average rent in Minneapolis, MN?
The average rent in Minneapolis, MN is $2,060 per month, based on 796 units across 72 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Minneapolis, MN?
The median asking rent in Minneapolis, MN is $1,878 per month, computed from 796 live listed units and refreshed daily. The average is $2,060/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Minneapolis, MN?
The lowest available rent in Minneapolis, MN starts at $800 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Minneapolis, MN?
1-bedroom apartments in Minneapolis, MN average $1,822/mo. The lowest listed 1-bedroom starts at $1,022/mo across 373 units tracked.
How much is a 2-bedroom apartment in Minneapolis, MN?
2-bedroom apartments in Minneapolis, MN average $2,557/mo. Units start from $1,020/mo across 261 units currently listed.
Rent Trends in Minneapolis, MN
Track how apartment prices are changing over time.
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