Last updated
Average Rent in Southwest Minneapolis & Rent Trends
Rent prices and market trends across 1 apartment community in Southwest Minneapolis, Minneapolis MN. Updated daily.
Market Average
$2,295/mo
▼ 0.4% from last month
Lowest Available
$2,080/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
11
available now
Southwest Minneapolis vs Minneapolis MN Average
Southwest Minneapolis is more expensive the Minneapolis MN average by $127/mo (6%). The citywide average is $2,168/mo across all neighborhoods.
Is Rent Going Up or Down in Southwest Minneapolis?
As of May 2026, the average rent in Southwest Minneapolis is $2,295 per month across 1 apartment community and 11 available units. Rents have decreased $7 (0.4%) over the past month.
The most affordable option is Inspire starting at $2,080/mo. By unit type, a 2-bedroom averages $2,295/mo.
Prices range from $2,080 to $2,820 per month. The most common price point is the $2,200 range, where 5 units are currently listed.
Southwest Minneapolis Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Southwest Minneapolis
Rent Prices by Apartment in Southwest Minneapolis
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Inspire | $2,080/mo | $2,295/mo | 11 | 3.7 |
Google Search Trends for Southwest Minneapolis Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Southwest Minneapolis
What is the average rent in Southwest Minneapolis?
Is rent going up or down in Southwest Minneapolis?
What is the cheapest apartment in Southwest Minneapolis?
How many apartments are available in Southwest Minneapolis?
What salary do I need to live comfortably in Southwest 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
$92,000/year
30 percent rule -- using our average rent of $2,295/mo.
Comfortable income
$110,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,080/mo), you need to earn at least $83,000/year.
Median household income in Southwest Minneapolis is $80,269 , about 27% below the comfortable-living threshold.
Cost of living in Southwest Minneapolis
Overall prices in Southwest 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 Southwest Minneapolis's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,295 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $5,899/mo |
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.
Explore Southwest Minneapolis Apartments
Browse all 1 communities with daily-updated pricing and availability.