Last updated
Average Rent in Howe & Rent Trends
Rent prices and market trends across 3 apartment communities in Howe, Minneapolis MN. Updated daily.
Market Average
$1,335/mo
▼ 11.7% from last month
Lowest Available
$1,015/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
4
available now
Howe vs Minneapolis MN Average
Howe is cheaper the Minneapolis MN average by $833/mo (38%). The citywide average is $2,168/mo across all neighborhoods.
Is Rent Going Up or Down in Howe?
As of May 2026, the average rent in Howe is $1,335 per month across 3 apartment communities and 4 available units. Rents have decreased $172 (11.7%) over the past month.
The most affordable option is East River Terrace starting at $1,015/mo. By unit type, a studio averages $1,015/mo, a 1-bedroom averages $1,350/mo, a 2-bedroom averages $1,625/mo.
Prices range from $1,015 to $1,625 per month. The most common price point is the $1,000 range, where 1 units are currently listed.
Howe Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Howe
Rent Prices by Apartment in Howe
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| East River Terrace | $1,015/mo | $1,015/mo | 1 | 3.4 |
| Thornton Place Apartments | $1,295/mo | $1,460/mo | 2 | 4.5 |
| Oaks Station Place | $1,405/mo | $1,405/mo | 1 | 4.5 |
Google Search Trends for Howe Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Howe
What is the average rent in Howe?
Is rent going up or down in Howe?
What is the cheapest apartment in Howe?
How much is a 1-bedroom apartment in Howe?
How many apartments are available in Howe?
What salary do I need to live comfortably in Howe?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$53,000/year
30 percent rule -- using our average rent of $1,335/mo.
Comfortable income
$64,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,015/mo), you need to earn at least $41,000/year.
Median household income in Howe is $80,269 , about 25% above the comfortable-living threshold.
Cost of living in Howe
Overall prices in Howe 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 Howe's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,335 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $4,939/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 Howe Apartments
Browse all 3 communities with daily-updated pricing and availability.