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 decreased by 9% 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 $1,199, whereas a house costs $2,450. 1-bedroom apartments in Phillips run $1,195 on average, while 2-bedroom apartments are $1,785.


Studio	$995	9%	No Change
1 bedroom	$1,125	No Change	8%
2 bedroom	$1,650	8%	13%
3 bedroom	$1,850	1%	15%
4 bedroom	$2,695	No Change	9%

		Listings
Carag	$1,200
Dinkytown	$1,642
Lowry Hill	$1,060
Lowry Hill East	$1,199
Lyndale	$1,100
Prospect Park	$1,500


Apartments	$1,199	3%	No Change
Condos	$1,750	70%	-
Houses	$2,450	17%	No Change

Studio

Average rent

$995

Last 30 days

Last year

No Change

1 bedroom

Average rent

$1,125

Last 30 days

No Change

Last year

2 bedroom

Average rent

$1,650

Last 30 days

Last year

13%

3 bedroom

Average rent

$1,850

Last 30 days

Last year

15%

4 bedroom

Average rent

$2,695

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$1,275

34%

lower than the national median

Median rent price$1,200

38%

lower than the national median

Takeaway

The median rent for all rentals in Phillips, Minneapolis, MN is 6% higher than the median rent in Carag, Minneapolis, MN.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,200

$1,642

$1,060

$1,199

$1,100

$1,500

Discover rentals in Phillips, Minneapolis, MN

5d+ ago

Phillips apartment for rent in Minneapolis

3 beds

1 bath

$1,425

$1,250

Price drop

Apartment for rent

Available Jun 8

5d+ ago

Phillips apartment for rent in Minneapolis

HALF OFF FIRST MONTHS RENT! Newly Updated 3 bed, 1 bath Apartment - With on-site washer/dryer!

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

3 beds

1 bath

$1,795

Apartment for rent

Available Jun 30

5d+ ago

Phillips apartment for rent in Minneapolis

HALF OFF FIRST MONTHS RENT! Newly Updated 3 bed, 1 bath Apartment - With on-site washer/dryer!

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

3 beds

1 bath

$1,815

Apartment for rent

Available Jul 31

3d ago

Phillips apartment for rent in Minneapolis

Huge 4 Bed 2 Bath Unit

2428 Chicago Ave #2, Minneapolis, MN 55404

4 beds

2 baths

$2,100

Apartment for rent

Available Sep 10

5d+ ago

Phillips house for rent 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 $1,275 per month as of August 22, 2026.

Is rent up or down in Phillips?

Average rent prices in Phillips have remained the same over the last month and have decreased by 9% since last year.

How does Phillips rent compare to the national average?

Rent in Phillips is 34% below the national average, which means renters are paying approximately $650 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 $51,000/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).