Bedroom count

Property type

Last updated on January 19, 2026

Average rent in
Prospect Park, Minneapolis, MN

Last updated on January 19, 2026

Last updated on January 19, 2026

Bedroom count

Property type

As of January 2026, the median rent for all bedroom counts and property types in Prospect Park, Minneapolis, MN is $1,382. This is -27%, or $518, lower than the national average.

$2.18

average price per square foot

Median rent

$1,382

decreased by12%
over the previous yearvs previous year

Total rentals

20

for rent on Zumper.com

As of January 2026, the median rent for all bedroom counts and property types in Prospect Park, Minneapolis, MN is $1,382. This is -27%, or $518, lower than the national average.

$2.18

average price per square foot

Rent ranges

3%
54%
30%
9%
3%
$0-$750$0 - $750
$751-$1,500$751 - $1,500
$1,501-$2,250$1,501 - $2,250
$2,251-$3,000$2,251 - $3,000
$3,001+$3,001+

Households

75%
25%
Renter-occupied
Owner-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent price trends in
Prospect Park, Minneapolis, MN

Rent price trends

Rent prices for all bedroom counts and property types in Prospect Park, Minneapolis, MN have decreased by 3% in the last month and have decreased by 12% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Prospect Park, Minneapolis, MN

The monthly rent for an apartment in Prospect Park, Minneapolis, MN is $1,439. A 1-bedroom apartment in Prospect Park, Minneapolis, MN costs about $1,450 on average, while a 2-bedroom apartment is $2,240. Houses for rent in Prospect Park, Minneapolis, MN are more expensive, with an average monthly cost of $1,900.

Comparables

1 bedroom

$1,450

2%

7%

2 bedroom

$1,897

2%

3%

3 bedroom

$1,795

11%

5%

4 bedroom

$2,499

No Change

9%

Studio

$1,325

No Change

3%

Studio

Average rent

$1,325

Last 30 days

No Change

Last year

3%

1 bedroom

Average rent

$1,450

Last 30 days

2%

Last year

7%

2 bedroom

Average rent

$1,897

Last 30 days

2%

Last year

3%

3 bedroom

Average rent

$1,795

Last 30 days

11%

Last year

5%

4 bedroom

Average rent

$2,499

Last 30 days

No Change

Last year

9%

The table above reflects average rent prices in Prospect Park, 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.

Compare rent prices in Prospect Park, Minneapolis, MN to other neighborhoods

Median rent prices in Prospect Park, Minneapolis, MN for all bedroom counts and property types compared to Como, Minneapolis, MN.

Prospect Park

Median rent price$1,382
decreased by27%

lower than the national median

Median rent price$2,250
increased by18%

higher than the national median

Takeaway

The median rent for all rentals in Prospect Park, Minneapolis, MN is 39% lower than the median rent in Como, Minneapolis, MN.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

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

Average rent in
Nearby neighborhoods

Explore rent trends in other markets

Como

$2,250

decreased by5%

Last year

Dinkytown

$1,800

increased by1%

Last year

Downtown East

$2,459

decreased by23%

Last year

Marcy Holmes

$1,595

decreased by3%

Last year

Phillips

$1,394

decreased by5%

Last year

St Anthony

$1,600

increased by2%

Last year

Apartments for rent in Arden Hills

Discover rentals in Prospect Park, Minneapolis, MN

The Link Minneapolis Low-Rise - Photo 1 of 1
Student housing
3D tour

3d ago

9.3

Excellent

Our team has verified this company

Verified

The Link Minneapolis Low-Rise

2900 4th St Se, Minneapolis, MN 55414

Studio–1 bed

1 bath

$1,279–$1,649

Apartment for rent

Available Aug 22

Call

1311-1313 Franklin Ave SE - Photo 1 of 1
3D tour

3d ago

7.7

Very good

1311-1313 Franklin Ave SE

1311 Southeast Franklin Avenue, Minneapolis, MN 55414

2 beds

1 bath

$1,350

Apartment for rent

1319 Franklin Ave SE - Photo 1 of 1

2d ago

8.3

Very good

1319 Franklin Ave SE

1319 Franklin Ave Se, Minneapolis, MN 55414

2–3 beds

1 bath

$1,475–$1,650

Apartment for rent

55 Williams Avenue Southeast - Photo 1 of 1

2d ago

9.1

Excellent

55 Williams Avenue Southeast

55 Williams Ave Se, Minneapolis, MN 55414

3 beds

1 bath

$1,515

Apartment for rent

Eagle Crossing - Photo 1 of 1

2d ago

9

Excellent

Eagle Crossing

633 Ontario St Se, Minneapolis, MN 55414

3–4 beds

2 baths

$1,800–$2,100

Apartment for rent

Yale on Campus - Photo 1 of 1

3d ago

7.9

Very good

Yale on Campus

1217 Southeast Yale Street, Minneapolis, MN 55414

5 beds

3 baths

$2,425

Apartment for rent

2622 Essex - Photo 1 of 1
3D tour

2d ago

8

Very good

2622 Essex

2622 Essex St Se, Minneapolis, MN 55414

4–5 beds

2–4 baths

$2,795–$3,295

Apartment for rent