Last updated
Average Rent in Minneapolis, MN & Rent Trends
Rent prices and market trends across 43 apartment communities in Minneapolis, MN. Updated daily.
Market Average
$2,276/mo
▲ +2.7% from last month
Lowest Available
$800/mo
cheapest unit on market
Communities
43
tracked daily
Units Listed
659
available now
Price Cuts This Week in Minneapolis, MN
151 listed units across 20 buildings in Minneapolis, MN dropped their asking rent in the past 7 days, an average cut of $144/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| 365 Nicollet | Unit 33, s1 | $2,293 | $1,721 | $572 |
| 365 Nicollet | Unit 10, a7 | $2,735 | $2,238 | $497 |
| 365 Nicollet | Unit 10, a5 | $2,751 | $2,290 | $461 |
| HQ Apartments | Unit 41 | $2,946 | $2,511 | $435 |
| 365 Nicollet | Unit 12, a7 | $2,674 | $2,260 | $414 |
| Second and Second | Unit 612, Nicollet 11 | $2,345 | $1,935 | $410 |
| Second and Second | Unit 225, Nicollet 4 | $2,194 | $1,795 | $399 |
| 365 Nicollet | Unit 28, b4 | $4,038 | $3,659 | $379 |
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 | $2,508 | $1,270 | 26 | 441 |
| Minneapolis 55402 | $2,078 | $1,235 | 3 | 68 |
| Southwest Minneapolis | $2,019 | $1,582 | 1 | 28 |
| Minneapolis 55403 | $1,962 | $1,638 | 1 | 10 |
| Beltrami | $1,757 | $1,390 | 2 | 19 |
| Ventura Village | $1,754 | $1,611 | 1 | 3 |
| Marcy-Holmes | $1,714 | $1,015 | 5 | 55 |
Is Rent Going Up or Down in Minneapolis, MN?
As of July 2026, the average rent in Minneapolis, MN is $2,276 per month across 43 apartment communities and 659 available units. Rents have increased $57 (2.7%) over the past month.
The most affordable option is East Town Apartments starting at $800/mo. By unit type, a studio averages $1,748/mo, a 1-bedroom averages $2,039/mo, a 2-bedroom averages $2,911/mo, a 3-bedroom averages $7,404/mo.
Prices range from $800 to $12,409 per month. The most common price point is the $1,800 range, where 102 units are currently listed.
Minneapolis, MN Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Minneapolis, MN
Rent Prices by Apartment in Minneapolis, MN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| East Town Apartments | $800/mo | $1,137/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 |
| Riverside Flats | $1,135/mo | $1,382/mo | 8 | 2.9 |
| The Flats at Malcolm Yards | $1,201/mo | $1,436/mo | 11 | 4 |
| The Larking | $1,235/mo | $2,154/mo | 20 | 4.6 |
| Hencen Apartments | $1,247/mo | $1,751/mo | 27 | 4.3 |
Google Search Trends for Minneapolis, MN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Minneapolis, MN
What is the average rent in Minneapolis, MN?
Is rent going up or down in Minneapolis, MN?
What is the cheapest apartment in Minneapolis, MN?
How much is a 1-bedroom apartment in Minneapolis, MN?
How many apartments are available 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
$91,000/year
Based on the 30 percent rule, using our tracked average rent of $2,276/mo.
Comfortable income
$109,000/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 27% 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) | $2,276 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $5,880/mo |
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.
Explore Minneapolis, MN Apartments
Browse all 43 communities with daily-updated pricing and availability.