Average Rent in Near North, Minneapolis, MN and Rent Price Trends

Rent trends in Near North, Minneapolis, MN

Average rent prices in Near North have increased by 8% over the last month and have decreased by 2% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Near North, Minneapolis, MN

Rent prices in Near North vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Near North is $1,599, whereas a house costs $2,450. 1-bedroom apartments in Near North run $1,335 on average, while 2-bedroom apartments are $2,040.


Studio	$1,097	242%	21%
1 bedroom	$1,495	5%	1%
2 bedroom	$2,149	No Change	23%
3 bedroom	$1,895	9%	40%
4 bedroom	$2,285	1%	19%

		Listings
Folwell	$1,380
Harrison	$1,825
Hawthorne	$2,187
Holland	$1,722
Mckinley	$1,625
St Anthony West	$1,949


Apartments	$1,599	1%	No Change
Condos	$2,195	40%	No Change
Houses	$2,450	32%	No Change
Rooms	$1,000	-	-

Studio

Average rent

$1,097

Last 30 days

242%

Last year

21%

1 bedroom

Average rent

$1,495

Last 30 days

Last year

2 bedroom

Average rent

$2,149

Last 30 days

No Change

Last year

23%

3 bedroom

Average rent

$1,895

Last 30 days

Last year

40%

4 bedroom

Average rent

$2,285

Last 30 days

Last year

19%

The table above reflects average rent prices in Near North, Minneapolis, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Near North, Minneapolis, MN compare to other neighborhoods?

Compare median rent prices in Near North and Folwell by all bedroom counts and property types.

Near North

Median rent price$1,590

16%

lower than the national median

Median rent price$1,380

27%

lower than the national median

Takeaway

The median rent for all rentals in Near North, Minneapolis, MN is 15% higher than the median rent in Folwell, Minneapolis, MN.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,380

$1,825

$2,187

$1,722

$1,625

$1,949

Discover rentals in Near North, Minneapolis, MN

1d ago

Near North condo for rent in Minneapolis

1414 Golden Valley Rd #1, Minneapolis, MN 55411

3 beds

1 bath

$1,995

1d ago

8.5

Very good

Knox Ave 2: 1030

1030 Knox Ave N, Minneapolis, MN 55411

4–5 beds

1 bath

$2,099–$2,450

5d+ ago

Near North condo for rent in Minneapolis

STUNNING SPACIOUS 3 BED 2 BATH HOME FOR RENT!

1829 Girard Ave N #A, Minneapolis, MN 55411

3 beds

2 baths

$2,300

5d+ ago

Near North apartment for rent in Minneapolis

Bright, Spacious 3 or 4 Bed 1 Bath Loft Apt in Up/Down Duplex w/ Optional Attic Bed/Family Room

1239 Knox Ave N, Minneapolis, MN 55411

4 beds

1 bath

$2,400

5d+ ago

Near North house for rent in Minneapolis

Fantastic 5 Bedroom 2 Bathroom Home

1203 Morgan Ave N, Minneapolis, MN 55411

5 beds

2 baths

$2,650

Stay up to date with rental market insights

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Frequently asked questions for Near North, Minneapolis, MN

Quick answers to common questions about the Near North rental market.

How much is rent in Near North?

The average rent in Near North is $1,590 per month as of September 26, 2026.

Is rent up or down in Near North?

Average rent prices in Near North have increased by 8% over the last month and have decreased by 2% since last year.

How does Near North rent compare to the national average?

Rent in Near North is 16% below the national average, which means renters are paying approximately $310 less per month.

What salary do I need to afford rent in Near North?

To comfortably afford rent in Near North, you'd need to earn approximately $64,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).