Last updated on October 9, 2026

Average rent in
Phillips, Minneapolis, MN

Median rent

Median rent in Phillips

$1,549/mo

increased by11%

vs previous year

The average rent in Phillips is $1,549 per month as of October 2026. This is 18% below the national average rent, or $350 less per month.

$1.54

average price per square foot

Total rentals

Available rentals in Phillips

16

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Phillips rentals at each price point

50%38%25%13%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Phillips, Minneapolis, MN

Average rent prices in Phillips have increased by 5% 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 Phillips, Minneapolis, MN

Rent prices in Phillips vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Phillips is $1,258, whereas a house costs $2,160. 1-bedroom apartments in Phillips run $1,175 on average, while 2-bedroom apartments are $1,715.

Listings

Studio

$950

10%

3%

1 bedroom

$1,175

5%

10%

2 bedroom

$1,695

6%

24%

3 bedroom

$1,835

3%

15%

4 bedroom

$2,325

17%

3%

Studio

Average rent

$950

Last 30 days

10%

Last year

3%

1 bedroom

Average rent

$1,175

Last 30 days

5%

Last year

10%

2 bedroom

Average rent

$1,695

Last 30 days

6%

Last year

24%

3 bedroom

Average rent

$1,835

Last 30 days

3%

Last year

15%

4 bedroom

Average rent

$2,325

Last 30 days

17%

Last year

3%

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$1,549
decreased by18%

lower than the national median

Median rent price$1,312
decreased by31%

lower than the national median

Takeaway

The median rent for all rentals in Phillips, Minneapolis, MN is 18% higher than the median rent in Carag, Minneapolis, MN.

Discover rentals in Phillips, Minneapolis, MN

2500 17th Ave S #2 - Photo 1 of 1

5d+ ago

Phillips apartment for rent in Minneapolis

3 beds

1 bath

$1,200

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
912 E 25th St #3 - Photo 1 of 1

5d+ ago

Phillips apartment for rent in Minneapolis

3 beds

1 bath

$1,675

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
912 E 25th St #2 - Photo 1 of 1

5d+ ago

Phillips apartment for rent in Minneapolis

3 beds

1 bath

$1,695

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
2742 18th Ave S - Photo 1 of 1

5d+ ago

Phillips apartment for rent in Minneapolis

3BR/1.0BA

2742 18th Ave S, Minneapolis, MN 55407

3 beds

1 bath

$1,850

Price dropped $645Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

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 $1,549 per month as of October 3, 2026.

Is rent up or down in Phillips?

Average rent prices in Phillips have increased by 5% over the last month and have increased by 11% since last year.

How does Phillips rent compare to the national average?

Rent in Phillips is 18% below the national average, which means renters are paying approximately $350 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 $62,000/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).

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