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The average monthly rent in Minneapolis is flat compared to last month but down 4.82% year-over-year.
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3d ago
Verified
1254 Hennepin Avenue, Minneapolis, MN 55403
In-unit laundry | Air conditioning | Swimming pool
Studio–2 beds
1–2 baths
$1,095–$2,300
Apartment for rent
Available Feb 10
2d ago
Verified
2813 4th St Se, Minneapolis, MN 55414
In-unit laundry | Furnished | Fitness center
Studio–2 beds
1–2 baths
$1,278–$2,489
Apartment for rent
Available Aug 1
3d ago
Verified
2900 4th St Se, Minneapolis, MN 55414
In-unit laundry | Furnished | Fitness center
Studio–1 bed
1 bath
$1,279–$1,649
Apartment for rent
Available Aug 22
2d ago
Verified
3535 Bryant Ave S, Minneapolis, MN 55408
Walk-in closets | Dishwasher | Microwave
Studio
1 bath
$1,235–$1,305
Apartment for rent
2d ago
Verified
4815 Nicollet Ave, Minneapolis, MN 55419
Air conditioning | On-site laundry | Ceiling fan
Studio–2 beds
1 bath
$1,175–$1,795
Apartment for rent
3d ago
Verified
350 26th Ave Ne, Minneapolis, MN 55418
Garage parking | On-site laundry | Central heat
2 beds
1 bath
$1,235
Apartment for rent
5d+ ago
Verified
3300 Fremont Avenue South, Minneapolis, MN 55408
Air conditioning | Garage parking | Central heat
Studio
1 bath
$825
Apartment for rent
Available May 1
11h ago
2 beds
2 baths
$3,895
Apartment for rent
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12h ago
Sheridan apartment for rent in Minneapolis
1629 Marshall St Ne, Minneapolis, MN 55413
In-unit laundry | Air conditioning | On-site laundry
5 beds
3 baths
$2,595
Apartment for rent
2d ago
1 bed
1 bath
$1,209–$1,289
Apartment for rent
On-Site Laundry
Dishwasher
In-Unit Laundry
Storage
4d ago
629 Oak St Se, Minneapolis, MN 55414
In-unit laundry | Garage parking | On-site laundry
5 beds
2 baths
$2,595
Apartment for rent
4d ago
Dinkytown house for rent in Minneapolis
6 beds
2 baths
$3,800
House for rent
4d ago
Dinkytown house for rent in Minneapolis
4 beds
2 baths
$2,800
House for rent
5d+ ago
Lowry Hill East apartment for rent in Minneapolis
Garage parking | On-site laundry | Assigned parking
5 beds
2 baths
$2,795
$2,595
Price drop
Apartment for rent
5d+ ago
2 beds
1–2 baths
$2,700–$3,130
Apartment for rent
5d+ ago
2611 2nd Ave S, Minneapolis, MN 55408
In-unit laundry | Air conditioning | On-site laundry
1 bed
1 bath
$1,515–$1,535
Apartment for rent
5d+ ago
1 bed
1 bath
$1,420
Apartment for rent
5d+ ago
Linden Hills house for rent in Minneapolis
2 beds
2 baths
$2,595
House for rent
5d+ ago
Field house for rent in Minneapolis
4 beds
4 baths
$4,500
House for rent
5d+ ago
CARAG house for rent in Minneapolis
4 beds
2 baths
$3,500
House for rent
5d+ ago
Dinkytown apartment for rent in Minneapolis
In-unit laundry | Hardwood floor | Storage
4 beds
2 baths
$3,000
Apartment for rent
5d+ ago
Dinkytown apartment for rent in Minneapolis
In-unit laundry | Air conditioning | Storage
8 beds
4 baths
$5,600
Apartment for rent
3d ago
Verified
4255 Minnehaha Ave #3, Minneapolis, MN 55406
Air conditioning | On-site laundry | Hardwood floor
1 bed
1 bath
$1,300
Apartment for rent
Available Oct 1
4d ago
2220 E Lake St, Minneapolis, MN 55407
Air conditioning | On-site laundry | Fitness center
1–2 beds
1 bath
$1,394–$1,659
Apartment for rent
5d+ ago
Verified
1035 12th Ave Se, Minneapolis, MN 55414
In-unit laundry | Air conditioning | Assigned parking
5 beds
2 baths
$2,195
Apartment for rent
Available Sep 15
5d+ ago
Verified
4255 Minnehaha Ave #1, Minneapolis, MN 55406
Air conditioning | Garage parking | On-site laundry
1 bed
1 bath
$1,300
Apartment for rent
Available Sep 18
2d ago
Verified
1024 25th Ave Se, Minneapolis, MN 55414
Walk-in closets
4 beds
3 baths
$3,099
$2,795
Price drop
House for rent
Available Aug 28
3d ago
1475 Currie Ave W, Minneapolis, MN 55405
In-unit laundry | On-site laundry | Dishwasher
1–2 beds
1–2 baths
$1,161–$1,723
Apartment for rent
4d ago
Verified
2 beds
2 baths
$2,100
House for rent
4d ago
Verified
2 beds
1 bath
$1,350
Apartment for rent
5d+ ago
Verified
6 beds
3 baths
$3,660
House for rent
5d+ ago
Verified
3 beds
1 bath
$1,795
$1,695
Price drop
Apartment for rent
5d+ ago
Verified
5604 23rd Ave S, Minneapolis, MN 55417
Garage parking | Hardwood floor | Fireplace
3 beds
1 bath
$2,435
$2,245
Price drop
House for rent
Available Aug 18
5d+ ago
Verified
3 beds
1 bath
$2,200
$2,100
Price drop
House for rent
5d+ ago
Verified
1 bed
1 bath
$1,095
Apartment for rent
5d+ ago
Verified
3 beds
2 baths
$2,750
$2,500
Price drop
Apartment for rent
5d+ ago
Verified
3 beds
2 baths
$2,495
$2,395
Price drop
Apartment for rent
5d+ ago
Verified
3 beds
1 bath
$1,750
Apartment for rent
5d+ ago
Verified
2 beds
2 baths
$2,150
Condo for rent
5d+ ago
Verified
2 beds
2 baths
$4,995
$4,795
Price drop
Condo for rent
5d+ ago
Verified
4 beds
1 bath
$2,400
Apartment for rent
5d+ ago
Verified
1 bed
1 bath
$975
Apartment for rent
5d+ ago
Verified
5710 36th Ave S, Minneapolis, MN 55417
Garage parking | Hardwood floor | Fireplace
3 beds
1 bath
$2,295
House for rent
Available Aug 22
5d+ ago
Verified
4 beds
2 baths
$2,000
Apartment for rent
5d+ ago
Verified
4 beds
2 baths
$2,000
Apartment for rent
5d+ ago
Verified
3 beds
1 bath
$1,876
Apartment for rent
5d+ ago
Verified
Furnished | Air conditioning | Garage parking
3 beds
1 bath
$2,150
Apartment for rent
5d+ ago
Verified
2 beds
1 bath
$1,550
Apartment for rent
5d+ ago
Verified
Studio
1 bath
$1,050
Apartment for rent
Are you a rental professional?
The Zumper Minneapolis Metro Report analyzed active listings last month across metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Minnesota one bedroom median rent was $1,266 last month.
The Most Expensive
The Least Expensive
The Largest Decline (Y/Y%)
The Largest Decline (M/M%)
About
The Zumper Minneapolis Metro Area Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.
Crystal Chen is a seasoned real estate and housing market expert with more than a decade of experience analyzing rental trends, housing affordability, and urban living. At Zumper, she leads data storytelling as well as press and media relations, where she translates complex housing research into easily digestible insights for renters, industry professionals, and journalists. Her reports can be seen cited in national outlets like The New York Times, The Wall Street Journal, and CNBC. She is passionate about helping renters navigate today’s evolving housing landscape with clarity and confidence. Living in New York City herself, she knows firsthand the chaos and challenges of navigating a competitive rental market.
255 rentals
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143 rentals
16 rentals
5 rentals
6 rentals
18 rentals
7 rentals
11 rentals
5 rentals
65 rentals
15 rentals
568 rentals
165 rentals
102 rentals
76 rentals
True Minneapolis is centered around three lakes: Lake of the Isles, Lake Calhoun, and Lake Harriet. If you live close to one of these guys, your life revolves around the water.
Once you're settled in your new apartment, go for a run, walk, bike or drive around the Big Three to familiarize yourself with your new grounds. It is incredibly easy to get around, so there's no excuse to miss out on what this city has to offer. Sit in the top section at a Twins game and catch the sun setting on the best view of downtown. Rent a speedboat and spend a sunny day on Lake Minnetonka. Bike to the stone arch bridge and watch the Mississippi roar beneath you. Minneapolis has a huge theatre scene, and actors come from all over the world with the hope of landing a role in a production at the Guthrie Theatre. People in this city are generally very supportive of the arts, which adds to the overall sense of community in Minneapolis. Winters are brutal, but Minnesotans get through them together. Let it snow!
With a stable government sector, and thriving commerce, finance, trucking, technology, industry and healthcare sectors, the Minneapolis-St.Paul metro is the second largest economic center in the Midwest. Fortune 500 companies with headquarters in Minneapolis include Ameriprise Financial, Target, Thrivent Financial, U.S. Bancorp, Valspar, and Xcel Energy. PepsiAmericas is based in St. Paul. And St. Paul-based Ecolab Inc., a global provider of water, hygiene and energy technologies and services, was recently added to the Fortune 500 and also named one of the “World’s Most Ethical Companies” by the Ethisphere Institute. As of 2015, the largest employers in Minneapolis were Target, Wells Fargo, HCMC, Hennepin County, Ameriprise, U.S. Bancorp, Xcel Energy, City of Minneapolis, RBC Wealth Management, the Star Tribune, Capella Education Company, Thrivent, CenturyLink, ABM Industries, and the Federal Reserve Bank of Minneapolis.
Minneapolis rent data for:
As of today, you'll find 976 apartments for rent in Minneapolis, with a median rent price of $1,450 per month. Minneapolis has seen a 5%—or $83—decrease in median rent price compared to the previous year.Average Rent
$1,450Year Over Year Change
-5%
$83
Rentals available, last 30 days
976
The average rent in Minneapolis, MN, for rentals of all sizes and types, is $1,450, which is a 4.82% decrease year-over-year.
The monthly rent for 1-bedroom apartments in Minneapolis, MN is about $1,216. The average rent for 2-bedroom apartments in Minneapolis, MN is $1,650, and studios are about $999 per month.
See more Minneapolis, MN rent data on our rent research page.
About Niche: Niche compiles and analyzes the latest data from public sources like the US Census Bureau and the Department of Education to generate rankings for schools and neighborhoods across the US.
Disclaimer: School ratings from Niche are intended for informational purposes only. Check with the nearby schools to verify eligibility and zoning criteria before using this data to decide on your next home.
2501 w 56th st
minneapolis, MN, 55410
1601 w 50th st
minneapolis, MN, 55419
5330 13th ave south
minneapolis, MN, 55417
5720 emerson ave s
minneapolis, MN, 55419
4912 vincent ave south
minneapolis, MN, 55410
Showing 1 - 5 of 46 results
Age Range
0-19
23%
20-34
32%
35-44
14%
45-64
20%
65+
9%
Language
English
78%
Spanish
7%
Indo Euro
2%
Asia Pac
4%
Other
7%
Education
No HS
9%
High School
31%
Bachelor's
39%
Master's
13%
Prof Degree
3%
Doctorate
2%
Household Income
0-25k
20%
25-50k
18%
50-75k
16%
75-100k
12%
100-150k
15%
150k+
16%
Minneapolis locals spend about 23 minutes commuting, and most drive to get to work. Residents or visitors looking to take public transit can hop on a bus or the light rail run by Metro Transit to navigate Minneapolis and nearby areas. The best way to fly in or out of Minneapolis is through Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field, 6.20 miles away.
Scores for Minneapolis are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.
We surveyed 10,000 renters across the country about what it's like living in their cities and neighborhoods. In Minneapolis, 38% of residents reported feeling satisfied or very satisfied with the city overall, which is lower than the national average of 60%.
Top Three Reasons to Live in Minneapolis
Parks & recreation
75%Satisfaction rating
Pet friendly
74%Satisfaction rating
Nightlife
51%Satisfaction rating
Other Things to Consider
Data last updated in 2024. Do you live here? Take our survey and share your experience.
How we got this dataThe overall cost of living in Minneapolis, MN is 6% lower than the national average, according to the Cost of Living Index published by the Council for Community and Economic Research. This is calculated by comparing several expenses, including food and basic necessities like energy and healthcare. When it comes to comparing these expenses to the rest of the country, in Minneapolis you can expect groceries to cost more than the national average, and healthcare to cost less. Eggs run about $3.56 per carton, and milk $4.66. Regarding healthcare costs, a doctor’s visit could amount to $170 on average—but this will likely vary depending on several factors, including insurance and medical specialty.
CATEGORY | AVERAGE COST COMPARED TO NATIONAL AVERAGE |
---|---|
Goods & Services | 3% lower |
Groceries | 3% higher |
Utilities | 3% lower |
Transportation | 4% lower |
Health | 4% lower |
CATEGORY
Goods & Services
AVERAGE COST COMPARED TO NATIONAL AVERAGE
CATEGORY
Groceries
AVERAGE COST COMPARED TO NATIONAL AVERAGE
CATEGORY
Utilities
AVERAGE COST COMPARED TO NATIONAL AVERAGE
CATEGORY
Transportation
AVERAGE COST COMPARED TO NATIONAL AVERAGE
CATEGORY
Health
AVERAGE COST COMPARED TO NATIONAL AVERAGE
Minneapolis residents appreciate the variety of cultural activities available, from music festivals to art galleries. The extensive park systems and proximity to lakes also draw affection, with many locals enjoying outdoor recreational opportunities year-round. The city's neighborhoods, each with its unique vibe, offer diverse dining options and shops. However, renters often cite issues with traffic congestion and the high cost of living as notable downsides, particularly in sought-after areas. Overall, the lively atmosphere and amenities make it an engaging place to live, though challenges like parking and affordability can detract from the experience.
Minneapolis's rental market offers a strong selection of listings, with an average of 3,849 available per month. The most common apartment sizes are 1-bedroom units, making up 40% of the market, followed by 2-bedroom units at 29%. Studios account for 16% of listings, while 3-bedroom apartments are relatively less common, at 9%.
Many Minneapolis apartments cater to pet owners, with a significant proportion allowing cats, small pets, or pets in general. In fact, over 75% of listings are pet-friendly, making Minneapolis a grea option for renters with furry friends. Keep in mind that these figures are based on historical data, but they should give you a sense of what to expect in the current market.
Minneapolis' rental market has experienced a slight decline in 2024, with the average monthly rent decreasing by 1.9% year-over-year to $1,561. Broken down by bed count, 1-bedrooms average $1,366 per month, a 4.5% decrease from 2023, while 2-bedrooms average $1,946, a 4.7% decrease. Studios average $1,102, a 3% decrease.
The market exhibits seasonal fluctuations, with August typically seeing the highest rent prices, 2.3% higher than May, the month with the lowest rent. July is the most competitive month, with higher demand relative to available inventory. Conversely, June and October are less competitive, with lower demand. If you're searching for a new apartment, prices may be slightly lower during the less competitive months, but the selection may be limited.
Minneapolis is characterized by a prevalence of high-rise buildings, which make up a significant portion of the city's properties. This style is often associated with modern amenities and urban living. According to data from Zumper's historical inventory over the last few years, high-rise buildings are the most common architectural style in Minneapolis, offering residents a range of options for city living. Architectural style in Minneapolis is representative of a subset of listings available on Zumper over the last few years.
Minneapolis offers a unique blend of urban living and natural beauty, with various neighborhoods catering to different lifestyles. At Zumper, we've analyzed our listings to determine which areas best fit your needs.
For those prioritizing social life, Downtown West, Warehouse District, Elliot Park, and Downtown East are ideal. These neighborhoods offer a high level of safety, an array of restaurants, excellent walk scores, and frequent public transportation.
Pet owners will appreciate Ventura Village, Shingle Creek, Bancroft, and Warehouse District, which feature pet-friendly amenities such as dedicated pet spaces, minimal pet deposits, and easy access to dog parks and outdoor spaces.
If you're looking for the most sought-after neighborhoods, consider Marcy-Holmes, Whittier, and Como. These areas have 1.62, 0.72, and 1.13 times more consumer interest than the market average, respectively, with 1-bedroom rents averaging $2065 per month.
At Zumper, we manually calculate lifestyle scores to ensure you find the perfect fit for your needs. Explore our listings to discover your ideal Minneapolis neighborhood.
For budget-conscious renters, Loring Park, Ventura Village, and Folwell offer affordable options, with 1-bedroom rents at $1170, $950, and $885 per month, respectively. These neighborhoods are 10%, 27%, and 32% lower than the city median, making them attractive choices for those prioritizing affordability.
Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2024 rental inventory and prices.
Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.
Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.
🔑Available apartment rentals | 2,418 |
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💰Best rent deal | 3300 Fremont Avenue South |
✨Popular amenities | , , |
🧦In-unit laundry | |
🍽With dishwasher | |
🏠With photos |