Last updated July 10, 2026

Average Rent in Minneapolis, MN & Rent Trends

Rent prices and market trends across 51 apartment communities in Minneapolis, MN. Updated daily.

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

Minneapolis 55402 55403 55415

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$2,195/mo

▼ 12.9% from last month

Lowest Available

$659/mo

cheapest unit on market

Communities

tracked daily

Units Listed

848

available now

Price Cuts This Week in Minneapolis, MN

165 listed units across 22 buildings in Minneapolis, MN dropped their asking rent in the past 7 days, an average cut of $105/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
HQ Apartments	Unit 23	$3,076	$1,876	$1,200
HQ Apartments	Unit 26	$3,866	$2,996	$870
365 Nicollet	Unit 22, b10	$3,984	$3,501	$483
365 Nicollet	Unit 29, b4	$4,046	$3,571	$475
365 Nicollet	Unit 33, s1	$2,194	$1,721	$473
HQ Apartments	Unit 35	$2,946	$2,556	$390
Maverick North Loop Apartments	Unit 27462	$3,913	$3,573	$340
365 Nicollet	Unit 26, b3	$3,479	$3,181	$298

See today's prices on all 848 listed units

Rent by Neighborhood in Minneapolis, MN

Compare average rent across Minneapolis, MN neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map

Neighborhood	Avg Rent	30d Change	From	Properties	Units
Central Minneapolis	$2,397	▼ $5	$1,020	26	500
Minneapolis 55415	$2,228	▼ $36	$1,285	6	84
Minneapolis 55403	$2,085	▲ $135	$1,446	2	21
Ventura Village	$2,084	▲ $661	$800	2	52
Minneapolis 55402	$2,073	▼ $37	$1,386	1	24
Southwest Minneapolis	$1,954	▲ $53	$1,567	1	29
Beltrami	$1,699	▼ $92	$1,390	2	16
Marcy-Holmes	$1,658	▼ $83	$659	9	65
Howe	$1,408	▲ $77	$1,135	2	11

Is Rent Going Up or Down in Minneapolis, MN?

As of July 2026, the average rent in Minneapolis, MN is $2,195 per month across 51 apartment communities and 848 available units. Rents have decreased $270 (12.9%) over the past month.

The most affordable option is Hub Minneapolis starting at $659/mo. By unit type, a studio averages $1,694/mo, a 1-bedroom averages $2,029/mo, a 2-bedroom averages $2,720/mo, a 3-bedroom averages $6,403/mo.

Prices range from $659 to $12,408 per month. The most common price point is the $1,600 range, where 144 units are currently listed.

Minneapolis, MN Rent Price History

Window

View as table

Month	Avg Rent	Change	Properties
April 2026	$2,131	-	20
May 2026	$2,124	-$7	39
June 2026	$2,106	-$18	41
July 2026	$2,070	-$36	45

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Minneapolis, MN

Studio

$1,694

from $659 · 212 units

1 Bed

$2,029

from $1,046 · 377 units

2 Bed

$2,720

from $699 · 250 units

3 Bed

$6,403

from $2,495 · 9 units

Rent Prices by Apartment in Minneapolis, MN

Property	Starting at	Average	Units	Rating
Hub Minneapolis	$659/mo	$1,051/mo	3	3.8
Stadium Village Flats	$699/mo	$699/mo	1	3.8
East Town Apartments	$800/mo	$1,137/mo	21	3.9
East River Terrace	$1,015/mo	$1,015/mo	1	3.4
The Station on Washington	$1,017/mo	$1,405/mo	50	4.5
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	$2,138/mo	21	4.6
Hencen Apartments	$1,247/mo	$1,806/mo	25	4.3
Third North Apartments	$1,270/mo	$1,590/mo	5	4.7
East End Apartments	$1,285/mo	$1,601/mo	18	3.8
The Station at Malcolm Yards	$1,295/mo	$1,877/mo	16	4.7
Variant	$1,352/mo	$1,943/mo	5	4.1
270 Hennepin Apartments	$1,360/mo	$2,450/mo	55	3.9
The Hall Lofts	$1,363/mo	$2,019/mo	50	3.7
4th & Park	$1,380/mo	$2,732/mo	30	4.8
HQ Apartments	$1,386/mo	$2,073/mo	24	4.2
Tyler Street Stacks	$1,390/mo	$1,737/mo	14	4.6
NoLo Living - NoLo South	$1,395/mo	$1,990/mo	26	4
7 West Apartments	$1,400/mo	$1,820/mo	24	4.7
Soo Line Building City Apartments	$1,419/mo	$1,989/mo	35	4.2
Oaks Station Place	$1,435/mo	$1,478/mo	3	4.5
Moment Apartments	$1,436/mo	$2,202/mo	20	3.9
700 Central Apartments	$1,437/mo	$1,509/mo	3	4.4
Loring Park Apartments	$1,446/mo	$2,168/mo	12	4.7
Inspire	$1,472/mo	$1,956/mo	29	3.7
Maverick North Loop Apartments	$1,483/mo	$2,382/mo	11	4.6
Edition Apartment Homes	$1,483/mo	$2,206/mo	11	4.7
The Churchill Apartments	$1,487/mo	$2,034/mo	14	3.5
Thornton Place Apartments	$1,540/mo	$1,540/mo	1	4.5
North Loop Green 360	$1,542/mo	$2,747/mo	107	4
Forte on the Park	$1,565/mo	$3,274/mo	14	4.9
Mill City Apartments	$1,580/mo	$1,860/mo	3	5
The Link Minneapolis	$1,580/mo	$1,580/mo	1	3.6
The Paxon	$1,595/mo	$2,221/mo	9	3.8
The Vicinity Apartments	$1,632/mo	$2,409/mo	9	4.4
Gatsby Apartment Homes	$1,638/mo	$1,973/mo	9	4.7
The Grand Mill District	$1,653/mo	$2,223/mo	6	4.6
Heritage Landing	$1,660/mo	$2,536/mo	7	4.5
The Archive Apartments	$1,699/mo	$2,382/mo	20	4.8
365 Nicollet	$1,721/mo	$2,995/mo	42	4
Second and Second	$1,724/mo	$2,229/mo	14	3.9
Ironclad Residential	$1,825/mo	$3,081/mo	7	4.6
FreightYard Townhomes and Flats	$1,830/mo	$2,158/mo	2	3.9
Borealis Apartments	$1,885/mo	$2,262/mo	18	4.7
240 Park Avenue	$1,995/mo	$2,365/mo	4	4.5
The Copham	$2,000/mo	$2,161/mo	7	4.5
222 Hennepin	$2,000/mo	$2,762/mo	9	5
Encore Apartments	$2,059/mo	$3,739/mo	8	4.5
724 Lofts	$2,269/mo	$2,334/mo	2	4.7

Frequently Asked Questions About Rent in Minneapolis, MN

What is the average rent in Minneapolis, MN?

The average rent in Minneapolis, MN is $2,195 per month as of July 2026, based on 848 units across 51 apartment communities.

Is rent going up or down in Minneapolis, MN?

Rent in Minneapolis, MN has decreased $270 (12.9%) over the past month. The current average is $2,195/mo.

What is the cheapest apartment in Minneapolis, MN?

The most affordable apartment in Minneapolis, MN is Hub Minneapolis with units starting at $659/mo.

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

A 1-bedroom apartment in Minneapolis, MN averages $2,029/mo, with prices starting at $1,046/mo across 377 available units.

How many apartments are available in Minneapolis, MN?

There are 848 units available across 51 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

$88,000/year

Based on the 30 percent rule, using our tracked average rent of $2,195/mo.

Comfortable income

$105,000/year

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

To afford the cheapest tracked apartment ($659/mo), you need to earn at least $26,000/year.

Median household income in Minneapolis, MN is $80,269 , about 24% 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)	$2,195	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	$5,799/mo	$69,582/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

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