Jumping two spots this month, Minneapolis became the 18th most expensive rental market in the nation. The price of one bedroom units increased 4% to a median of $1,300, while two bedrooms increased 3.9% to $1,610. Since this time last year, both one and two bedroom units in Minneapolis are up 15%.
This fall, Downtown East ($1,900), Warehouse District ($1,710), and Lyn Lake ($1,610) were the most expensive neighborhoods to rent. More affordable areas priced below $1,200 included Prospect Park, St. Anthony West, and Marcy Holmes.
If you want to see how Minneapolis stacks up against the rest of the United States, view our National Rent for September, which analyzes over 1 million active listings to identify rental trends across the 50 largest U.S. cities.
To keep up to date with rent changes across the country, like or follow Zumper on Facebook, Gazouillement, Pinterest, and Instagram. In the market for a new place? Search over 900 Minneapolis apartments for rent on Zumper now.
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