Last updated October 9, 2026

Average Rent in Central Minneapolis & Rent Trends

Rent prices and market trends across 26 apartment communities in Central Minneapolis, Minneapolis, MN. Updated daily.

Area All Areas Central Minneapolis Beltrami Howe Marcy-Holmes Southwest Minneapolis University of Minnesota - Twin Cities Ventura Village Willard-Hay

Minneapolis 55402 55403 55415

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$2,176/mo

Lowest Available

$1,199/mo

cheapest unit on market

Communities

tracked daily

Units Listed

393

available now

Rent Watch: cuts and increases

Open Rent Watch →

See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

Central Minneapolis vs Minneapolis, MN Average

Central Minneapolis is more expensive than the Minneapolis, MN average by $121/mo (6%). The citywide average is $2,055/mo across all neighborhoods.

Is Rent Going Up or Down in Central Minneapolis?

As of October 2026, the average rent in Central Minneapolis is $2,176 per month across 26 apartment communities and 393 available units.

The most affordable option is Mill City Quarter Apartments starting at $1,199/mo. By unit type, a studio averages $1,511/mo, a 1-bedroom averages $1,920/mo, a 2-bedroom averages $2,774/mo, a 3-bedroom averages $4,784/mo.

Prices range from $1,199 to $8,963 per month. The most common price point is the $1,600 range, where 75 units are currently listed.

Central Minneapolis Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
April 2026	$2,180	-	9
May 2026	$2,321	+$141	18
June 2026	$2,333	+$12	18
July 2026	$2,292	-$41	22
August 2026	$2,212	-$80	22
September 2026	$2,194	-$18	26
October 2026	$2,074	-$120	27

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Central Minneapolis

Studio

$1,511

from $1,250 · 53 units

1 Bed

$1,920

from $1,199 · 204 units

2 Bed

$2,774

from $1,851 · 133 units

3 Bed

$4,784

from $1,895 · 3 units

Rent Prices by Apartment in Central Minneapolis

Property	Starting at	Average	Units	Rating
Mill City Quarter Apartments	$1,199/mo	$1,384/mo	4	3.7
270 Hennepin Apartments	$1,250/mo	$2,049/mo	35	3.9
Variant	$1,250/mo	$2,007/mo	11	4.1
The Hall Lofts	$1,259/mo	$2,081/mo	35	3.7
Moment Apartments	$1,360/mo	$1,968/mo	22	3.9
North Loop Green 360	$1,397/mo	$2,251/mo	75	4
Groove Lofts Apartments	$1,401/mo	$1,997/mo	26	4
Mill City Apartments	$1,455/mo	$1,927/mo	3	5
Sora Apartments	$1,470/mo	$1,774/mo	14	3.4
Dock Street Flats North Loop Apartments	$1,499/mo	$1,855/mo	13	4.3
Third North Apartments	$1,499/mo	$1,499/mo	1	4.7
NoLo Living - NoLo South	$1,523/mo	$1,939/mo	19	4
The Churchill Apartments	$1,570/mo	$1,842/mo	17	3.5
Heritage Landing	$1,620/mo	$2,426/mo	17	4.5
Borealis Apartments	$1,625/mo	$2,132/mo	11	4.7
365 Nicollet	$1,652/mo	$2,704/mo	32	4
Sawyer Apartments	$1,725/mo	$1,810/mo	2	3.4
Second and Second	$1,745/mo	$2,247/mo	7	3.9
The Archive Apartments	$1,799/mo	$2,866/mo	9	4.8
Ironclad Residential	$1,825/mo	$2,699/mo	7	4.6
FreightYard Townhomes and Flats	$1,845/mo	$1,978/mo	4	3.9
724 Lofts	$1,851/mo	$2,134/mo	6	4.7
The Copham	$1,865/mo	$2,060/mo	7	4.5
Viridium Apartments	$1,913/mo	$1,913/mo	1	4
Maverick North Loop Apartments	$1,938/mo	$2,866/mo	14	4.6
222 Hennepin	$1,963/mo	$1,963/mo	1	5

Frequently Asked Questions About Rent in Central Minneapolis

What is the average rent in Central Minneapolis?

The average rent in Central Minneapolis is $2,176 per month as of October 2026, based on 393 units across 26 apartment communities.

Is rent going up or down in Central Minneapolis?

The current average rent in Central Minneapolis is $2,176/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Central Minneapolis?

The most affordable apartment in Central Minneapolis is Mill City Quarter Apartments with units starting at $1,199/mo.

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

A 1-bedroom apartment in Central Minneapolis averages $1,920/mo, with prices starting at $1,199/mo across 204 available units.

How many apartments are available in Central Minneapolis?

There are 393 units available across 26 apartment communities in Central Minneapolis.

What salary do I need to live comfortably in Central Minneapolis?

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

Based on the 30 percent rule, using our tracked average rent of $2,176/mo.

Comfortable income

$104,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,199/mo), you need to earn at least $48,000/year.

Median household income in Central Minneapolis is $80,269 , about 23% below the comfortable-living threshold.

Cost of living in Central Minneapolis

Overall prices in Central Minneapolis 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 Central Minneapolis's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$2,176	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	$5,780/mo	$69,354/year

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.

Minnesota Rent Trends

Compare rent across all Minnesota cities

Minneapolis, MN Neighborhood Rent Map

See rent history by neighborhood on a map

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