Last updated August 1, 2026

Average Rent in Minneapolis, MN & Rent Trends

Rent prices and market trends across 52 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 4 Bed

Market Average

$2,201/mo

▼ 8.6% from last month

Lowest Available

$639/mo

cheapest unit on market

Communities

tracked daily

Units Listed

730

available now

Price Cuts This Week in Minneapolis, MN

196 listed units across 21 buildings in Minneapolis, MN dropped their asking rent in the past 7 days, an average cut of $108/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
North Loop Green 360	Unit 3115, PHC3	$5,805	$5,265	$540
Edition Apartment Homes	Unit 35549	$2,333	$1,828	$505
Maverick North Loop Apartments	Unit 27464	$3,538	$3,088	$450
North Loop Green 360	Unit 823, B4	$2,907	$2,515	$392
365 Nicollet	Unit 4, a2	$2,229	$1,839	$390
North Loop Green 360	Unit 1323, B4	$2,992	$2,608	$384
365 Nicollet	Unit 9, a3	$2,439	$2,069	$370
North Loop Green 360	Unit 1022, B3	$2,768	$2,403	$365

See today's prices on all 730 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	$2,385	▼ $70	$1,259	20	373
Minneapolis 55415	$2,241	▼ $154	$800	12	139
Minneapolis 55403	$2,190	-	$1,338	1	9
Ventura Village	$2,089	▲ $52	$1,300	3	57
Southwest Minneapolis	$1,963	▼ $27	$1,547	1	31
Minneapolis 55402	$1,936	▼ $59	$1,347	1	38
Beltrami	$1,711	▼ $45	$1,465	1	11
Marcy-Holmes	$1,602	▼ $27	$639	10	65
University of Minnesota - Twin Cities	$1,483	-	$1,483	1	1
Howe	$1,360	▼ $32	$1,135	2	9

Is Rent Going Up or Down in Minneapolis, MN?

As of August 2026, the average rent in Minneapolis, MN is $2,201 per month across 52 apartment communities and 730 available units. Rents have decreased $181 (8.6%) over the past month.

The most affordable option is Hub Minneapolis starting at $639/mo. By unit type, a studio averages $1,734/mo, a 1-bedroom averages $1,990/mo, a 2-bedroom averages $2,882/mo, a 3-bedroom averages $4,936/mo, a 4-bedroom averages $929/mo.

Prices range from $639 to $12,408 per month. The most common price point is the $1,600 range, where 123 units are currently listed.

Minneapolis, MN Rent Price History

Timeframe

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	$2,012	-$94	52
August 2026	$1,923	-$89	13

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 Minneapolis, MN

Studio

$1,734

from $699 · 187 units

1 Bed

$1,990

from $1,025 · 338 units

2 Bed

$2,882

from $639 · 194 units

3 Bed

$4,936

from $1,219 · 10 units

4 Bed

$929

from $929 · 1 units

Rent Prices by Apartment in Minneapolis, MN

Property	Starting at	Average	Units	Rating
Hub Minneapolis	$639/mo	$1,280/mo	13	3.8
Stadium Village Flats	$699/mo	$1,312/mo	4	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
St. Anthony Mills	$1,020/mo	$1,258/mo	3	4.1
The Station on Washington	$1,025/mo	$1,470/mo	6	4.5
Riverside Flats	$1,135/mo	$1,349/mo	8	2.9
The Flats at Malcolm Yards	$1,201/mo	$1,436/mo	11	4
Variant	$1,259/mo	$1,872/mo	4	4.1
Third North Apartments	$1,296/mo	$1,608/mo	5	4.7
The Larking	$1,300/mo	$2,213/mo	22	4.6
270 Hennepin Apartments	$1,332/mo	$2,253/mo	56	3.9
Loring Park Apartments	$1,338/mo	$2,188/mo	9	4.7
Soo Line Building City Apartments	$1,347/mo	$1,936/mo	38	4.2
Hencen Apartments	$1,377/mo	$1,949/mo	14	4.3
HQ Apartments	$1,386/mo	$2,073/mo	24	4.2
NoLo Living - NoLo South	$1,395/mo	$2,046/mo	28	4
Thornton Place Apartments	$1,395/mo	$1,513/mo	2	4.5
East End Apartments	$1,398/mo	$1,685/mo	13	3.8
The Hall Lofts	$1,404/mo	$2,144/mo	37	3.7
Edition Apartment Homes	$1,418/mo	$2,201/mo	12	4.7
Maverick North Loop Apartments	$1,428/mo	$2,318/mo	11	4.6
700 Central Apartments	$1,437/mo	$1,722/mo	5	4.4
The Grand Mill District	$1,443/mo	$2,178/mo	10	4.6
Oaks Station Place	$1,450/mo	$1,450/mo	1	4.5
Moment Apartments	$1,456/mo	$2,095/mo	28	3.9
Gatsby Apartment Homes	$1,458/mo	$1,878/mo	11	4.7
Tyler Street Stacks	$1,465/mo	$1,711/mo	11	4.6
7 West Apartments	$1,483/mo	$1,483/mo	1	4.7
The Churchill Apartments	$1,525/mo	$1,891/mo	17	3.5
North Loop Green 360	$1,532/mo	$2,672/mo	95	4
Inspire	$1,547/mo	$1,963/mo	31	3.7
4th & Park	$1,558/mo	$1,558/mo	1	4.8
Mill City Apartments	$1,580/mo	$1,648/mo	2	5
The Link Minneapolis	$1,580/mo	$1,580/mo	1	3.6
The Paxon	$1,595/mo	$2,205/mo	9	3.8
Dock Street Flats North Loop Apartments	$1,609/mo	$1,609/mo	1	4.3
Ironclad Residential	$1,650/mo	$3,235/mo	7	4.6
Heritage Landing	$1,660/mo	$2,477/mo	6	4.5
The Vicinity Apartments	$1,682/mo	$2,021/mo	6	4.4
The Archive Apartments	$1,719/mo	$2,615/mo	19	4.8
Second and Second	$1,727/mo	$2,179/mo	7	3.9
The Station at Malcolm Yards	$1,761/mo	$2,131/mo	8	4.7
The Copham	$1,820/mo	$1,983/mo	13	4.5
365 Nicollet	$1,839/mo	$2,871/mo	42	4
FreightYard Townhomes and Flats	$1,870/mo	$2,195/mo	2	3.9
Borealis Apartments	$1,949/mo	$2,358/mo	15	4.7
240 Park Avenue	$1,995/mo	$2,432/mo	9	4.5
Encore Apartments	$2,021/mo	$3,788/mo	11	4.5
Forte on the Park	$2,120/mo	$3,435/mo	13	4.9
222 Hennepin	$2,163/mo	$2,163/mo	1	5
724 Lofts	$2,269/mo	$2,403/mo	5	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 $2,201 per month as of August 2026, based on 730 units across 52 apartment communities.

Is rent going up or down in Minneapolis, MN?

Rent in Minneapolis, MN has decreased $181 (8.6%) over the past month. The current average is $2,201/mo.

What is the cheapest apartment in Minneapolis, MN?

The most affordable apartment in Minneapolis, MN is Hub Minneapolis with units starting at $639/mo.

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

A 1-bedroom apartment in Minneapolis, MN averages $1,990/mo, with prices starting at $1,025/mo across 338 available units.

How many apartments are available in Minneapolis, MN?

There are 730 units available across 52 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 $2,201/mo.

Comfortable income

$106,000/year

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

To afford the cheapest tracked apartment ($639/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)	$2,201	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	$5,805/mo	$69,654/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