Apartments for Rent in Loring Park, Minneapolis, MN

Loring Park, Minneapolis apartment availability

Loring Park's rental market offers a very strong selection of listings, with an average of 213 rentals available each month in 2024. The neighborhood's inventory is comprised mainly of studios and 1-bedroom apartments, making it an ideal location for singles and couples. Notably, 86% of apartments in Loring Park allow pets, with many buildings permitting small pets and cats, making it a great option for pet owners. With its vibrant atmosphere and proximity to parks, Loring Park is a popular choice for renters seeking a lively and convenient living experience.

Loring Park, Minneapolis rental market trends

Loring Park's rental market in Minneapolis has seen a moderate increase in prices in 2024. The average monthly rent across all property types rose 4.97% from the previous year to around $1,057. 1-bedrooms experienced a 6.19% jump, averaging $1,159 per month, while 2-bedrooms now rent for around $1,881, and 3-bedrooms for $1,740. Studios, however, saw a slight decrease of 0.24% to $844 per month.

The most expensive time to rent in Loring Park is August, with prices 22.28% higher than in February, the least expensive month. This significant difference in rent prices between the peak and off-peak seasons presents an opportunity for budget-conscious renters to find more affordable options during the winter months. Overall, Loring Park's rental market remains relatively stable, with moderate price increases across most property types.

Why Loring Park, Minneapolis is a great place to live

Loring Park is a neighborhood that seamlessly aligns with the lifestyles and interests of its residents. Our analysis of local amenities and attractions reveals that this area is particularly well-suited for individuals prioritizing social life and fitness wellness.

For those focused on fitness and wellness, Loring Park offers a range of amenities, including onsite gym equipment, health clinics, and wellness centers. The presence of grocery stores, farmers' markets, and health food stores further supports a healthy lifestyle. Additionally, features like low VOC materials, soundproofing, and health and wellness events contribute to an environment that promotes overall well-being.

The neighborhood also caters to those with an active social life, thanks to its numerous restaurants, frequent transit options, well-developed street infrastructure, high walk score, and emphasis on safety. Whether you're looking to stay active or enjoy a vibrant social scene, Loring Park is an excellent choice.