How much is the average rent in Minneapolis, MN for 1-bedroom and 2-bedroom apartments?

Minneapolis 1-bedroom apartments averaged around $1,300 per month in 2025, while 2-bedroom units averaged around $1,700 monthly. These figures represent the current rental market across Minnesota's largest city, with 1-bedrooms making up 37% of available inventory and 2-bedrooms accounting for 26% of monthly listings.

When is the best time to look for an apartment in Minneapolis, MN?

May and December offer the best opportunities for Minneapolis apartment hunters, with May seeing the lowest rents and December representing the least competitive period. October has the highest rent with approximately a 3.9% difference between peak and off-peak months, while March emerges as the most competitive month with higher demand relative to available inventory.

What are the best neighborhoods to rent an apartment in Minneapolis, MN?

Elliot Park and North Loop excel for renters seeking vibrant social scenes, offering high walk scores and excellent transit access throughout Minneapolis. Downtown East and Downtown West provide abundant restaurants and well-developed street infrastructure that support an active urban lifestyle. CARAG and Marcy-Holmes represent premium options, both averaging around $2,910 monthly for 1-bedroom apartments.

What areas of Minneapolis, MN are best for budget-conscious renters?

Loring Park offers Minneapolis's most affordable option at around $1,070 per month, followed closely by Stevens Square at around $1,100 monthly. Folwell provides another budget-friendly choice at around $1,100 per month, while Whittier and Lyndale offer 1-bedroom apartments 19% and 21% below the city median respectively.

Are there pet-friendly apartments in Minneapolis, MN?

Minneapolis offers excellent options for pet owners, with 66% of rental listings welcoming pets across the city. Cedar Isles-Dean, Loring Park, Elliot Park, and North Loop provide exceptional pet amenities including dog parks, pet waste stations, and outdoor spaces. Many apartments in these neighborhoods feature pet-friendly flooring and dedicated pet spaces.

Are utilities usually included in rent in Minneapolis, MN?

Utilities are rarely included in Minneapolis rental prices, appearing in less than 1% of available listings across all apartment types. Studios, 1-bedrooms, 2-bedrooms, and 3-bedrooms all show utilities included in approximately 0.03% to 0.06% of their respective inventories, making utility-inclusive rentals uncommon throughout Minnesota's largest city.

Are most apartments in Minneapolis, MN largely older buildings or new developments?

High-rise buildings account for the majority of rental properties in Minneapolis, reflecting the city's urban development patterns and density needs. These tall residential structures typically feature modern amenities and efficient layouts designed to maximize living space, allowing Minneapolis to accommodate more residents within its urban core while providing contemporary living spaces.