Last updated May 19, 2026

Average Rent in Minneapolis MN & Rent Trends

Rent prices and market trends across 40 apartment communities in Minneapolis MN. Updated daily.

Area All Neighborhoods Beltrami Central Minneapolis Howe Marcy-Holmes Minneapolis 55403 Minneapolis 55415 Southwest Minneapolis Ventura Village

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$2,168/mo

▼ 2.2% from last month

Lowest Available

$800/mo

cheapest unit on market

Communities

tracked daily

Units Listed

537

available now

Rent by Neighborhood in Minneapolis MN

Compare average rent across Minneapolis MN neighborhoods. Click any area to see detailed trends.

Neighborhood	Avg Rent	From	Properties	Units
Central Minneapolis	$2,423	$1,157	21	296
Ventura Village	$2,015	$1,220	2	47
Minneapolis 55403	$2,007	$1,337	2	24
Southwest Minneapolis	$1,839	$1,315	1	31
Minneapolis 55415	$1,826	$800	6	62
Marcy-Holmes	$1,767	$1,192	3	51
Beltrami	$1,743	$1,333	2	22
Howe	$1,335	$1,015	3	4

Is Rent Going Up or Down in Minneapolis MN?

As of May 2026, the average rent in Minneapolis MN is $2,168 per month across 40 apartment communities and 537 available units. Rents have decreased $48 (2.2%) over the past month.

The most affordable option is East Town Apartments starting at $800/mo. By unit type, a studio averages $1,570/mo, a 1-bedroom averages $1,991/mo, a 2-bedroom averages $2,804/mo, a 3-bedroom averages $4,797/mo.

Prices range from $800 to $9,773 per month. The most common price point is the $1,600 range, where 86 units are currently listed.

Minneapolis MN Rent Price History

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Minneapolis MN

Studio

$1,570

from $800 · 124 units

1 Bed

$1,991

from $1,082 · 249 units

2 Bed

$2,804

from $1,020 · 157 units

3 Bed

$4,797

from $1,589 · 7 units

Rent Prices by Apartment in Minneapolis MN

Property	Starting at	Average	Units	Rating
East Town Apartments	$800/mo	$1,161/mo	21	3.9
East River Terrace	$1,015/mo	$1,015/mo	1	3.4
St. Anthony Mills	$1,020/mo	$1,258/mo	3	4.1
NoLo Living - NoLo South	$1,157/mo	$1,938/mo	23	4
Hencen Apartments	$1,192/mo	$1,764/mo	27	4.3
The Flats at Malcolm Yards	$1,201/mo	$1,263/mo	4	4
The Larking	$1,220/mo	$1,853/mo	23	4.6
Thornton Place Apartments	$1,295/mo	$1,460/mo	2	4.5
Inspire	$1,315/mo	$1,839/mo	31	3.7
Tyler Street Stacks	$1,333/mo	$1,744/mo	14	4.6
Loring Park Apartments	$1,337/mo	$1,914/mo	10	4.7
The Grand Mill District	$1,350/mo	$2,056/mo	11	4.6
270 Hennepin Apartments	$1,354/mo	$2,257/mo	46	3.9
Variant	$1,382/mo	$2,087/mo	6	4.1
Third North Apartments	$1,394/mo	$1,845/mo	5	4.7
Oaks Station Place	$1,405/mo	$1,405/mo	1	4.5
East End Apartments	$1,408/mo	$1,822/mo	13	3.8
The Station at Malcolm Yards	$1,410/mo	$1,872/mo	20	4.7
Mill City Apartments	$1,415/mo	$1,832/mo	5	5
HQ Apartments	$1,431/mo	$2,170/mo	24	4.2
Edition Apartment Homes	$1,445/mo	$2,132/mo	14	4.7
Gatsby Apartment Homes	$1,450/mo	$2,074/mo	14	4.7
700 Central Apartments	$1,463/mo	$1,741/mo	8	4.4
The Churchill Apartments	$1,465/mo	$1,918/mo	13	3.5
Moment Apartments	$1,500/mo	$2,199/mo	19	3.9
Second and Second	$1,524/mo	$2,295/mo	12	3.9
Maverick North Loop Apartments	$1,565/mo	$2,792/mo	7	4.6
North Loop Green 360	$1,594/mo	$2,802/mo	64	4
The Paxon	$1,632/mo	$2,211/mo	5	3.8
Ironclad Residential	$1,645/mo	$2,718/mo	10	4.6
FreightYard Townhomes and Flats	$1,695/mo	$1,942/mo	3	3.9
365 Nicollet	$1,751/mo	$3,140/mo	21	4
Heritage Landing	$1,795/mo	$2,255/mo	16	4.5
Borealis Apartments	$1,899/mo	$2,343/mo	17	4.7
The Vicinity Apartments	$1,911/mo	$2,779/mo	6	4.4
Encore Apartments	$1,973/mo	$2,964/mo	5	4.5
The Copham	$2,020/mo	$2,427/mo	3	4.5
724 Lofts	$2,039/mo	$2,202/mo	3	4.7
Forte on the Park	$2,065/mo	$3,146/mo	6	4.9
240 Park Avenue	$3,595/mo	$3,595/mo	1	4.5

Google Search Trends for Minneapolis MN Apartments

Search interest for apartments in this area over the past 12 months.

Search Interest Over Time

Explore more on Google Trends

Frequently Asked Questions About Rent in Minneapolis MN

What is the average rent in Minneapolis MN?

The average rent in Minneapolis MN is $2,168 per month as of May 2026, based on 537 units across 40 apartment communities.

Is rent going up or down in Minneapolis MN?

Rent in Minneapolis MN has decreased $48 (2.2%) over the past month. The current average is $2,168/mo.

What is the cheapest apartment in Minneapolis MN?

The most affordable apartment in Minneapolis MN is East Town Apartments with units starting at $800/mo.

How much is a 1-bedroom apartment in Minneapolis MN?

A 1-bedroom apartment in Minneapolis MN averages $1,991/mo, with prices starting at $1,082/mo across 249 available units.

How many apartments are available in Minneapolis MN?

There are 537 units available across 40 apartment communities in Minneapolis MN.

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

$87,000/year

30 percent rule -- using our average rent of $2,168/mo.

Comfortable income

$104,000/year

25 percent rule -- leaves 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 23% 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	Source
Rent (market average)	$2,168	daily refresh
Utilities	$474	BLS × BEA RPP
Groceries	$565	BLS × BEA RPP
Transportation	$1,131	BLS × BEA RPP
Healthcare	$552	BLS × BEA RPP
Other goods and services	$882	BLS × BEA RPP
Estimated total	$5,772/mo	$69,258/year

Population

426,845

Median household income

$80,269

Census median rent

$1,329/mo

Rent as % of income

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.

Minnesota Rent Trends

Compare rent across all Minnesota cities

Explore Minneapolis MN on Map

See neighborhoods and rent data interactively

US-wide rent comparison

See how Minneapolis MN rents stack up against the national median