Last updated August 18, 2026

Average Rent in Minneapolis, MN & Rent Trends

Rent prices and market trends across 30 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

$1,550/mo

▼ 8.4% from last month

Lowest Available

$659/mo

cheapest unit on market

Communities

tracked daily

Units Listed

120

available now

Price Cuts This Week in Minneapolis, MN

225 listed units across 19 buildings offering studio units in Minneapolis, MN dropped their asking rent in the past 7 days, an average cut of $121/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
365 Nicollet	Unit 23, b16	$7,045	$5,920	$1,125
365 Nicollet	Unit 37, c1	$9,833	$8,961	$872
The Station on Washington	Unit 1	$1,849	$1,025	$824
365 Nicollet	Unit 27, b4	$3,585	$2,775	$810
The Larking	Unit 78	$6,125	$5,625	$500
7 West Apartments	Unit 25	$2,558	$2,063	$495
365 Nicollet	Unit 38, s1	$2,070	$1,595	$475
365 Nicollet	Unit 28, b4	$3,645	$3,216	$429

See today's prices on all 120 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	$2,295	▼ $50	$1,332	20	380
Minneapolis 55403	$2,242	▲ $93	$1,595	1	8
Minneapolis 55415	$2,241	▼ $32	$800	12	134
Ventura Village	$2,004	▲ $194	$1,300	3	77
University of Minnesota - Twin Cities	$1,995	▲ $120	$1,368	1	11
Minneapolis 55402	$1,950	▼ $3	$1,374	1	27
Southwest Minneapolis	$1,817	▼ $149	$1,422	1	25
Marcy-Holmes	$1,654	▲ $227	$639	9	62
Beltrami	$1,546	▼ $172	$1,450	1	8
Howe	$1,389	▲ $53	$1,235	1	5

Is Rent Going Up or Down in Minneapolis, MN?

As of August 2026, the average rent in Minneapolis, MN is $1,550 per month across 30 apartment communities and 120 available units. Rents have decreased $168 (8.4%) over the past month.

The most affordable option is Stadium Village Flats starting at $659/mo. By unit type, a studio averages $1,550/mo.

Prices range from $659 to $3,038 per month. The most common price point is the $1,400 range, where 59 units are currently listed.

Minneapolis, MN Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
April 2026	$2,130	-	10
May 2026	$2,057	-$73	21
June 2026	$2,031	-$26	21
July 2026	$1,962	-$69	32
August 2026	$2,024	+$62	31

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.

Rent Price Distribution

Rent by Bedroom Type in Minneapolis, MN

Studio

$1,550

from $659 · 120 units

Rent Prices by Apartment in Minneapolis, MN

Property	Starting at	Average	Units	Rating
Stadium Village Flats	$659/mo	$1,079/mo	2	3.8
East Town Apartments	$800/mo	$854/mo	4	3.9
East River Terrace	$1,015/mo	$1,015/mo	1	3.4
The Larking	$1,300/mo	$1,454/mo	11	4.6
NoLo Living - NoLo South	$1,307/mo	$1,326/mo	2	4
Hub Minneapolis	$1,319/mo	$1,369/mo	2	3.8
270 Hennepin Apartments	$1,332/mo	$1,412/mo	8	3.9
7 West Apartments	$1,368/mo	$1,368/mo	1	4.7
The Hall Lofts	$1,369/mo	$1,509/mo	8	3.7
East End Apartments	$1,378/mo	$1,446/mo	2	3.8
Hencen Apartments	$1,382/mo	$1,414/mo	3	4.3
Third North Apartments	$1,394/mo	$1,394/mo	1	4.7
Dock Street Flats North Loop Apartments	$1,420/mo	$1,476/mo	4	4.3
Inspire	$1,422/mo	$1,475/mo	5	3.7
Moment Apartments	$1,424/mo	$1,525/mo	12	3.9
700 Central Apartments	$1,437/mo	$1,437/mo	1	4.4
Tyler Street Stacks	$1,450/mo	$1,474/mo	6	4.6
Edition Apartment Homes	$1,488/mo	$1,601/mo	3	4.7
Gatsby Apartment Homes	$1,508/mo	$1,962/mo	13	4.7
North Loop Green 360	$1,566/mo	$1,654/mo	15	4
The Link Minneapolis	$1,580/mo	$1,580/mo	1	3.6
365 Nicollet	$1,595/mo	$1,769/mo	5	4
Loring Park Apartments	$1,599/mo	$1,599/mo	1	4.7
Variant	$1,630/mo	$1,630/mo	1	4.1
The Station on Washington	$1,649/mo	$1,649/mo	2	4.5
Heritage Landing	$1,660/mo	$1,660/mo	1	4.5
4th & Park	$1,718/mo	$1,718/mo	1	4.8
The Grand Mill District	$1,723/mo	$1,723/mo	2	4.6
Maverick North Loop Apartments	$1,903/mo	$1,903/mo	1	4.6
222 Hennepin	$2,143/mo	$2,143/mo	1	5

Frequently Asked Questions About Rent in Minneapolis, MN

What is the average rent in Minneapolis, MN?

The average rent in Minneapolis, MN is $1,550 per month as of August 2026, based on 120 units across 30 apartment communities.

Is rent going up or down in Minneapolis, MN?

Rent in Minneapolis, MN has decreased $168 (8.4%) over the past month. The current average is $1,550/mo.

What is the cheapest apartment in Minneapolis, MN?

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

How many apartments are available in Minneapolis, MN?

There are 120 units available across 30 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

$62,000/year

Based on the 30 percent rule, using our tracked average rent of $1,550/mo.

Comfortable income

$74,000/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 8% above 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)	$1,550	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	$5,154/mo	$61,842/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