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

Rent trends in Phillips, Minneapolis, MN

Average rent prices in Phillips have increased by 12% 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 $1,349, whereas a house costs $1,725. 1-bedroom apartments in Phillips run $1,029 on average, while 2-bedroom apartments are $1,400.


Studio	$925	3%	2%
1 bedroom	$1,029	11%	6%
2 bedroom	$1,619	10%	21%
3 bedroom	$1,900	4%	8%
4 bedroom	$2,737	2%	2%

		Listings
Carag	$1,150
Dinkytown	$1,699
Lowry Hill	$1,096
Lowry Hill East	$1,257
Lyndale	$1,315
Prospect Park	$1,525


Apartments	$1,349	3%	1%
Condos	$1,425	27%	No Change
Houses	$1,725	12%	-

Studio

Average rent

$925

Last 30 days

Last year

1 bedroom

Average rent

$1,029

Last 30 days

11%

Last year

2 bedroom

Average rent

$1,619

Last 30 days

10%

Last year

21%

3 bedroom

Average rent

$1,900

Last 30 days

Last year

4 bedroom

Average rent

$2,737

Last 30 days

Last year

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$1,400

28%

lower than the national median

Median rent price$1,150

41%

lower than the national median

Takeaway

The median rent for all rentals in Phillips, Minneapolis, MN is 22% higher than the median rent in Carag, Minneapolis, MN.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,150

$1,699

$1,096

$1,257

$1,315

$1,525

Discover rentals in Phillips, Minneapolis, MN

5d+ ago

8.8

Very good

2219 5th Ave South

2219 5th Ave S, Minneapolis, MN 55404

2 beds

1 bath

$1,300

Apartment for rent

5d+ ago

Phillips apartment for rent in Minneapolis

$1,400 - 2 Bedroom 1 Bathroom Apartment In Midtown, Minneapolis with updated kitchen. Available immediately! Year Lease

2704 Chicago Ave #1, Minneapolis, MN 55407

2 beds

1 bath

$1,400

Apartment for rent

Available Jan 1

5d+ ago

Phillips condo for rent in Minneapolis

2 bedroom with Den, one bath.

2530 17th Ave S #2, Minneapolis, MN 55404

2 beds

1 bath

$1,450

Condo for rent

Available May 26

5d+ ago

Phillips apartment for rent in Minneapolis

2930 Cedar Ave S #2, Minneapolis, MN 55407

3 beds

1 bath

$1,700

Apartment for rent

Available Jun 10

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

$1,925

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

$1,975

Apartment for rent

Available Jun 30

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 $1,400 per month as of May 23, 2026.

Is rent up or down in Phillips?

Average rent prices in Phillips have increased by 12% 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).