Last updated May 19, 2026

Average Rent in Minneapolis MN & Rent Trends

Rent prices and market trends across 35 apartment communities in Minneapolis MN. Updated daily.

Area All Neighborhoods Beltrami Central Minneapolis Howe Marcy-Holmes Minneapolis 55403 Minneapolis 55415 Southwest Minneapolis Ventura Village

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$1,991/mo

▲ +18.4% from last month

Lowest Available

$1,082/mo

cheapest unit on market

Communities

tracked daily

Units Listed

249

available now

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	$2,423	$1,157	21	296
Ventura Village	$2,015	$1,220	2	47
Minneapolis 55403	$2,007	$1,337	2	24
Southwest Minneapolis	$1,839	$1,315	1	31
Minneapolis 55415	$1,826	$800	6	62
Marcy-Holmes	$1,767	$1,192	3	51
Beltrami	$1,743	$1,333	2	22
Howe	$1,335	$1,015	3	4

Is Rent Going Up or Down in Minneapolis MN?

As of May 2026, the average rent in Minneapolis MN is $1,991 per month across 35 apartment communities and 249 available units. Rents have increased $351 (18.4%) over the past month.

The most affordable option is East Town Apartments starting at $1,082/mo. By unit type, a 1-bedroom averages $1,991/mo.

Prices range from $1,082 to $3,740 per month. The most common price point is the $1,800 range, where 59 units are currently listed.

Minneapolis MN Rent Price History

Rent Price Distribution

Rent by Bedroom Type in Minneapolis MN

1 Bed

$1,991

from $1,082 · 249 units

Rent Prices by Apartment in Minneapolis MN

Property	Starting at	Average	Units	Rating
East Town Apartments	$1,082/mo	$1,082/mo	8	3.9
The Flats at Malcolm Yards	$1,201/mo	$1,263/mo	4	4
St. Anthony Mills	$1,280/mo	$1,280/mo	1	4.1
Thornton Place Apartments	$1,295/mo	$1,295/mo	1	4.5
Oaks Station Place	$1,405/mo	$1,405/mo	1	4.5
Hencen Apartments	$1,437/mo	$1,783/mo	9	4.3
Inspire	$1,455/mo	$1,687/mo	14	3.7
The Churchill Apartments	$1,465/mo	$1,538/mo	7	3.5
Moment Apartments	$1,500/mo	$1,730/mo	10	3.9
Second and Second	$1,524/mo	$1,932/mo	8	3.9
East End Apartments	$1,553/mo	$1,820/mo	9	3.8
700 Central Apartments	$1,578/mo	$1,809/mo	6	4.4
NoLo Living - NoLo South	$1,581/mo	$1,815/mo	11	4
Mill City Apartments	$1,590/mo	$1,648/mo	2	5
Tyler Street Stacks	$1,625/mo	$1,741/mo	7	4.6
270 Hennepin Apartments	$1,632/mo	$2,086/mo	23	3.9
Ironclad Residential	$1,645/mo	$1,820/mo	4	4.6
HQ Apartments	$1,651/mo	$1,899/mo	6	4.2
The Station at Malcolm Yards	$1,681/mo	$1,790/mo	12	4.7
FreightYard Townhomes and Flats	$1,695/mo	$1,695/mo	1	3.9
The Larking	$1,765/mo	$1,856/mo	4	4.6
Third North Apartments	$1,772/mo	$1,792/mo	3	4.7
Edition Apartment Homes	$1,795/mo	$2,014/mo	5	4.7
Heritage Landing	$1,795/mo	$2,125/mo	6	4.5
The Paxon	$1,855/mo	$1,894/mo	2	3.8
North Loop Green 360	$1,857/mo	$2,505/mo	51	4
Borealis Apartments	$1,899/mo	$2,267/mo	13	4.7
The Grand Mill District	$1,905/mo	$1,913/mo	3	4.6
Loring Park Apartments	$1,910/mo	$1,910/mo	1	4.7
The Vicinity Apartments	$1,911/mo	$2,083/mo	2	4.4
The Copham	$2,020/mo	$2,020/mo	1	4.5
Forte on the Park	$2,065/mo	$2,128/mo	3	4.9
Maverick North Loop Apartments	$2,155/mo	$2,155/mo	1	4.6
365 Nicollet	$2,162/mo	$2,321/mo	8	4
Variant	$2,227/mo	$2,365/mo	2	4.1

Google Search Trends for Minneapolis MN Apartments

Search interest for apartments in this area over the past 12 months.

Search Interest Over Time

Explore more on Google Trends

Frequently Asked Questions About Rent in Minneapolis MN

What is the average rent in Minneapolis MN?

The average rent in Minneapolis MN is $1,991 per month as of May 2026, based on 249 units across 35 apartment communities.

Is rent going up or down in Minneapolis MN?

Rent in Minneapolis MN has increased $351 (18.4%) over the past month. The current average is $1,991/mo.

What is the cheapest apartment in Minneapolis MN?

The most affordable apartment in Minneapolis MN is East Town Apartments with units starting at $1,082/mo.

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

A 1-bedroom apartment in Minneapolis MN averages $1,991/mo, with prices starting at $1,082/mo across 249 available units.

How many apartments are available in Minneapolis MN?

There are 249 units available across 35 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

$80,000/year

30 percent rule -- using our average rent of $1,991/mo.

Comfortable income

$96,000/year

25 percent rule -- leaves more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,082/mo), you need to earn at least $43,000/year.

Median household income in Minneapolis MN is $80,269 , about 16% 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)	$1,991	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	$5,595/mo	$67,134/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

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