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 remained the same over the last month and have increased by 11% 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 $1,765, whereas a house costs $2,597. 1-bedroom apartments in Near North run $1,310 on average, while 2-bedroom apartments are $1,895.


Studio	$895	9%	32%
1 bedroom	$1,497	5%	7%
2 bedroom	$1,897	7%	18%
3 bedroom	$1,945	1%	7%
4 bedroom	$2,695	7%	10%

		Listings
Folwell	$1,300
Harrison	$1,279
Hawthorne	$1,900
Holland	$1,476
Mckinley	$1,500
St Anthony West	$1,630


Apartments	$1,765	5%	No Change
Condos	$2,545	5%	No Change
Houses	$2,597	9%	No Change

Studio

Average rent

$895

Last 30 days

Last year

32%

1 bedroom

Average rent

$1,497

Last 30 days

Last year

2 bedroom

Average rent

$1,897

Last 30 days

Last year

18%

3 bedroom

Average rent

$1,945

Last 30 days

Last year

4 bedroom

Average rent

$2,695

Last 30 days

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$1,899

lower than the national median

Median rent price$1,300

33%

lower than the national median

Takeaway

The median rent for all rentals in Near North, Minneapolis, MN is 46% higher than the median rent in Folwell, Minneapolis, MN.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,300

$1,279

$1,900

$1,476

$1,500

$1,630

Discover rentals in Near North, Minneapolis, MN

5d+ ago

Near North apartment for rent in Minneapolis

$650/month - Women Shared Space and Private Bedroom

1430 Irving Ave N, Minneapolis, MN 55411

1 bed

1 bath

$650

Apartment for rent

Available Jul 1

5d+ ago

Near North apartment for rent in Minneapolis

Minneapolis - 1407 15th Ave - 2

1407 15th - 2 #2, Minneapolis, MN 55411

2 beds

1 bath

$1,300

Apartment for rent

Available May 1

12h ago

Near North apartment for rent in Minneapolis

Updated 3 Bedroom with Private Fenced Yard & In Unit Laundry!

1406 15th Ave N #1, Minneapolis, MN 55411

3 beds

1 bath

$1,875

Apartment for rent

Available Aug 10

19h ago

Near North apartment for rent in Minneapolis

3BR/1.0BA

1406 15th Ave N, Minneapolis, MN 55411

3 beds

1 bath

$1,875

Apartment for rent

5d+ ago

Near North apartment for rent in Minneapolis

Spacious & ReFreshed Main Level 3 Bed 1 Bath Duplex Apt

1237 Knox Ave N #1237, Minneapolis, MN 55411

3 beds

1 bath

$1,900

Apartment for rent

Available Jun 15

2d 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

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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 $1,899 per month as of June 27, 2026.

Is rent up or down in Near North?

Average rent prices in Near North have remained the same over the last month and have increased by 11% since last year.

How does Near North rent compare to the national average?

Rent in Near North is 3% below the national average, which means renters are paying approximately $51 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 $76,000/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).