Apartments for Rent in Prospect Park, Minneapolis, MN

What is the average rent for a 1-bedroom apartment in Prospect Park, Minneapolis, MN?

One-bedroom apartments in Prospect Park average around $1,500 per month in 2025, down 4.2% from the previous year. These units typically offer about 588 sqft of living space.

What is the average rent for a 2-bedroom apartment in Prospect Park, Minneapolis, MN?

Two-bedroom apartments in Prospect Park rent for around $1,500 per month in 2025, representing a 14.3% decline from 2024. These apartments average around 836 sqft in size.

What is the average rent for a 3-bedroom apartment in Prospect Park, Minneapolis, MN?

Three-bedroom apartments in Prospect Park average around $1,600 per month in 2025, down 4.8% from the previous year. These larger units typically provide around 978 sqft of living space.

How much does it cost to rent an apartment in Prospect Park, Minneapolis, MN?

Prospect Park's rental market averaged around $1,500 per month across all property types in 2025, down 4.6% year over year. January typically sees the highest rents in this Minneapolis neighborhood, about 3% higher than October pricing.

What is the average apartment size in Prospect Park, Minneapolis, MN?

Apartments in Prospect Park average around 623 sqft across all unit types. Studios are the most compact at around 415 sqft, while three-bedroom units offer the most space at around 978 sqft.

What type of apartment is most common in Prospect Park, Minneapolis, MN?

One-bedroom apartments are the most common rental type in Prospect Park, with about 46 listings available monthly. Studios follow as the second most available option with approximately 35 listings per month.

Why Prospect Park, Minneapolis is a great place to live

Prospect Park is a neighborhood that caters to renters who prioritize social life and fitness wellness. With many apartments offering onsite meditation and yoga spaces, gym equipment, and fitness centers, it's easy to maintain an active lifestyle. Additionally, features like low VOC materials, health and wellness events, and sports facilities contribute to a holistic approach to wellness.

The area also supports a vibrant social life, thanks to its safe environment, frequent transit options, well-maintained street infrastructure, and shared community spaces. If you're looking for a neighborhood that fosters connections and community engagement, Prospect Park is an excellent choice. Its unique blend of fitness and social opportunities makes it an attractive option for renters seeking a balanced lifestyle.

What type of apartment is least common in Prospect Park, Minneapolis, MN?

Three-bedroom apartments have the lowest availability in Prospect Park, with about 5 listings per month. Two-bedroom units are more readily available, averaging approximately 33 listings monthly.