Average Rent in Phillips, Minneapolis, MN and Rent Price Trends

Rent trends in Phillips, Minneapolis, MN

Average rent prices in Phillips have remained the same over the last month and have increased by 7% 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
Phillips, Minneapolis, MN

Rent prices in Phillips vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Phillips is $1,300, whereas a house costs $2,450. 1-bedroom apartments in Phillips run $1,100 on average, while 2-bedroom apartments are $1,400.


Studio	$1,035	2%	No Change
1 bedroom	$1,300	1%	1%
2 bedroom	$1,484	11%	17%
3 bedroom	$1,787	2%	6%
4 bedroom	$2,695	1%	11%

		Listings
Carag	$1,097
Dinkytown	$1,695
Lowry Hill	$995
Lowry Hill East	$1,349
Lyndale	$1,312
Prospect Park	$1,515


Apartments	$1,300	1%	4%
Condos	$1,400	9%	No Change
Houses	$2,450	No Change	-

Studio

Average rent

$1,035

Last 30 days

Last year

No Change

1 bedroom

Average rent

$1,300

Last 30 days

Last year

2 bedroom

Average rent

$1,484

Last 30 days

11%

Last year

17%

3 bedroom

Average rent

$1,787

Last 30 days

Last year

4 bedroom

Average rent

$2,695

Last 30 days

Last year

11%

The table above reflects average rent prices in Phillips, 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 Phillips, Minneapolis, MN compare to other neighborhoods?

Compare median rent prices in Phillips and Carag by all bedroom counts and property types.

Phillips

Median rent price$1,399

28%

lower than the national median

Median rent price$1,097

44%

lower than the national median

Takeaway

The median rent for all rentals in Phillips, Minneapolis, MN is 28% higher than the median rent in Carag, Minneapolis, MN.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,097

$1,695

$995

$1,349

$1,312

$1,515

Discover rentals in Phillips, Minneapolis, MN

3d ago

Phillips apartment for rent in Minneapolis

3 beds

1 bath

$1,600

$1,475

Price drop

Apartment for rent

Available Jun 8

5d+ ago

Phillips apartment for rent in Minneapolis

Newly Built Apartment Cat Friendly

2643 12th Ave S #1, Minneapolis, MN 55407

2 beds

1 bath

$1,785

Apartment for rent

Available Sep 1

5d+ ago

Phillips apartment for rent in Minneapolis

Newly Updated 3 bed, 1 bath Apartment - With on-site washer/dryer!

912 E 25th St #3, Minneapolis, MN 55404

3 beds

1 bath

$1,800

Apartment for rent

Available Jun 30

5d+ ago

Phillips apartment for rent in Minneapolis

Newly Updated 3 bed, 1 bath Apartment - With on-site washer/dryer!

912 E 25th St #2, Minneapolis, MN 55404

3 beds

1 bath

$1,825

Apartment for rent

Available Jul 31

5d+ ago

Phillips apartment for rent in Minneapolis

2407 Elliot Ave, Minneapolis, MN 55404

3 beds

1 bath

$2,300

Apartment for rent

Available Jan 5

5d+ ago

Phillips townhouse for rent in Minneapolis

Available Now 5 bedroom 2 bath Duplex in Minneapolis

2540 12th Ave S #2, Minneapolis, MN 55404

5 beds

2 baths

$2,450

House for rent

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Frequently asked questions for Phillips, Minneapolis, MN

Quick answers to common questions about the Phillips rental market.

How much is rent in Phillips?

The average rent in Phillips is $1,399 per month as of July 4, 2026.

Is rent up or down in Phillips?

Average rent prices in Phillips have remained the same over the last month and have increased by 7% since last year.

How does Phillips rent compare to the national average?

Rent in Phillips is 28% below the national average, which means renters are paying approximately $550 less per month.

What salary do I need to afford rent in Phillips?

To comfortably afford rent in Phillips, you'd need to earn approximately $56,000/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).