Rental GuideMinneapolis, MN

Minneapolis rent data for:

Apartments for rent

Average Rent

$1,499

Year Over Year Change

Rentals available, last 30 days

978

Rent ranges for Minneapolis apartments

$3,001 - $3,001

$2,251 - $3,000

$1,501 - $2,250

$751 - $1,500

$0 - $750

$3,001 - $3,001

11%

$2,251 - $3,000

13%

$1,501 - $2,250

27%

$751 - $1,500

45%

$0 - $750

11%

13%

27%

45%

How has rent in Minneapolis, MN changed in the last two years?

The average rent in Minneapolis, MN, for rentals of all sizes and types, is $1,499, which is a 0.16% increase year-over-year.

The monthly rent for 1-bedroom apartments in Minneapolis, MN is about $1,310. The average rent for 2-bedroom apartments in Minneapolis, MN is $1,723, and studios are about $1,050 per month.

See more Minneapolis, MN rent data on our rent research page.

What are the K-12 schools in Minneapolis, MN?

schools

29,205

students

About Niche: Niche compiles and analyzes the latest data from public sources like the US Census Bureau and the Department of Education to generate rankings for schools and neighborhoods across the US.

Disclaimer: School ratings from Niche are intended for informational purposes only. Check with the nearby schools to verify eligibility and zoning criteria before using this data to decide on your next home.

Showing 1 - 5 of 46 results

What are some of the top neighborhoods in Minneapolis, MN?

Uptown

Uptown is where creativity and vibrancy come alive, making it a standout place to call home in Minneapolis. This lively neighborhood pulses with artistic energy, filled with musicians, performers, and numerous cultural events that keep the scene fresh and exciting. Nightlife here leans towards a relaxed yet polished vibe, appealing to a more mature crowd that enjoys spirited conversations and live entertainment. You’ll find a delightful mix of local events, from art installations to outdoor festivals, that bring the community together. And let’s not forget the parks and beautiful lakeside views, perfect for a sunny day stroll. It’s a space that truly embraces individuality and creative expression.

Warehouse District/North Loop

If you're eyeing the Warehouse District and North Loop in Minneapolis, there are some things you should know. This area, once home to bustling factories, has transformed into a lively neighborhood filled with stylish lofts and trendy apartments that attract many young professionals. It’s just a stone's throw from the heart of downtown, making it super convenient for commuting. The streets are alive with creativity, showcasing numerous art galleries and unique spaces that often host local artists. Plus, there's an energetic scene for nightlife and social gatherings, so you’ll always find something to do. You’ll quickly discover that living here means embracing a dynamic and exciting lifestyle!

Downtown West

Downtown West is where the heart of Minneapolis really beats. It's the bustling hub that brings together a blend of modern living and the city’s rich history. The iconic Foshay Tower stands tall, reminding residents of days gone by while the vibrant streets buzz with energy. You’ll find a mix of professionals, students, and families all drawn to this lively atmosphere. The area is filled with art and culture; you might stumble upon a local art installation or find an engaging event happening nearby. Plus, getting around is a breeze, whether you’re walking, cycling, or taking public transport. Living here means you're always in the thick of the action!

Marcy - Holmes

Marcy & Holmes is a vibrant and lively area that’s rich in culture and energy, largely thanks to its proximity to the University of Minnesota. Living here means enjoying the delightful mix of students and residents who contribute to a dynamic atmosphere. The beautiful Mississippi River flows nearby, offering scenic views and recreational opportunities. Dinkytown, a popular part of this neighborhood, is filled with a unique blend of shops and local spots that bring the community together. Strolling through the streets, you’ll find plenty of parks and green spaces to unwind in, along with captivating architecture that reflects both history and modern living. It’s a great place to call home!

Who lives in Minneapolis, MN?

Gender

51% Male

49% Female

Age Range

0-19

23%

20-34

32%

35-44

14%

45-64

20%

65+

Language

English

78%

Spanish

Indo Euro

Asia Pac

Other

Education

No HS

High School

31%

Bachelor's

39%

Master's

13%

Prof Degree

Doctorate

What is the household breakdown in Minneapolis, MN?

Families

34% Families

66% Single

Property

53% Renters

47% Owners

Household Income

0-25k

20%

25-50k

18%

50-75k

16%

75-100k

12%

100-150k

15%

150k+

16%

How do residents get around Minneapolis, MN?

Minneapolis locals spend about 23 minutes commuting, and most drive to get to work. Residents or visitors looking to take public transit can hop on a bus or the light rail run by Metro Transit to navigate Minneapolis and nearby areas. The best way to fly in or out of Minneapolis is through Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field, 6.20 miles away.

Walking

5/10

Some shops and stores are within a few minutes.

Cycling

6/10

Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Driving

9/10

Commuting is easy with multiple accessible routes and plenty of parking.

Transit

3/10

There are a few mass transit options within the area.

Scores for Minneapolis are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.

Satisfaction survey results for Minneapolis, MN

We surveyed 10,000 renters across the country about what it's like living in their cities and neighborhoods. In Minneapolis, 38% of residents reported feeling satisfied or very satisfied with the city overall, which is lower than the national average of 60%.

Top Three Reasons to Live in Minneapolis

Parks & recreation

75%Satisfaction rating

Pet friendly

74%Satisfaction rating

Nightlife

51%Satisfaction rating

Other Things to Consider

Public transportation

Job market

Dating scene

Affordable housing

Quality schools

Weather

Cost of living

Public transportation

51%

Job market

45%

Dating scene

43%

Affordable housing

37%

Quality schools

31%

Weather

26%

Cost of living

18%

51%

45%

43%

37%

31%

26%

18%

Data last updated in 2024. Do you live here? Take our survey and share your experience.

How we got this data

What is the cost of living in Minneapolis, MN?

The overall cost of living in Minneapolis, MN is 6% lower than the national average, according to the Cost of Living Index published by the Council for Community and Economic Research. This is calculated by comparing several expenses, including food and basic necessities like energy and healthcare. When it comes to comparing these expenses to the rest of the country, in Minneapolis you can expect groceries to cost more than the national average, and healthcare to cost less. Eggs run about $3.56 per carton, and milk $4.66. Regarding healthcare costs, a doctor’s visit could amount to $170 on average—but this will likely vary depending on several factors, including insurance and medical specialty.

CATEGORY	AVERAGE COST COMPARED TO NATIONAL AVERAGE
Goods & Services	3% lower
Groceries	3% higher
Utilities	3% lower
Transportation	4% lower
Health	4% lower

CATEGORY

Goods & Services