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 2% over the last month and have decreased by 5% 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 $1,649, whereas a house costs $2,572. 1-bedroom apartments in Near North run $1,410 on average, while 2-bedroom apartments are $1,500.


Studio	$930	53%	29%
1 bedroom	$1,300	16%	25%
2 bedroom	$1,600	No Change	16%
3 bedroom	$1,995	1%	1%
4 bedroom	$2,695	No Change	10%

		Listings
Folwell	$1,248
Harrison	$1,500
Hawthorne	$1,850
Holland	$1,500
Mckinley	$1,749
St Anthony West	$1,595


Apartments	$1,649	8%	No Change
Condos	$1,949	26%	No Change
Houses	$2,572	No Change	2%
Rooms	$800	-	-

Studio

Average rent

$930

Last 30 days

53%

Last year

29%

1 bedroom

Average rent

$1,300

Last 30 days

16%

Last year

25%

2 bedroom

Average rent

$1,600

Last 30 days

No Change

Last year

16%

3 bedroom

Average rent

$1,995

Last 30 days

Last year

4 bedroom

Average rent

$2,695

Last 30 days

No Change

Last year

10%

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$1,697

12%

lower than the national median

Median rent price$1,248

35%

lower than the national median

Takeaway

The median rent for all rentals in Near North, Minneapolis, MN is 36% higher than the median rent in Folwell, Minneapolis, MN.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,248

$1,500

$1,850

$1,500

$1,749

$1,595

Discover rentals in Near North, Minneapolis, MN

5d+ ago

Near North townhouse for rent in Minneapolis

2 beds

1 bath

$1,600

House for rent

Available May 8

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

Apartment for rent

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

Apartment for rent

Available Jun 15

1d 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

House for rent

Available Oct 10

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 $1,697 per month as of August 15, 2026.

Is rent up or down in Near North?

Average rent prices in Near North have increased by 2% over the last month and have decreased by 5% since last year.

How does Near North rent compare to the national average?

Rent in Near North is 12% below the national average, which means renters are paying approximately $227 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 $68,000/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).