Homes for Rent in 55421

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What to Know About

Living in 55421

Minneapolis is a city that combines the best of both worlds - the raw beauty of nature and the vibrancy of urban life. Part of the charming "Twin Cities" duo, along with its sister city, St. Paul, Minneapolis, has a lot to offer. Get ready for a mouth-watering experience with the city's festive food and craft beer scene, upscale boutiques, and splendid parks. Embrace the city's artistic culture and visit iconic institutions such as the Walker Center for the Arts, Minneapolis Institute of Art, the Minnesota Orchestra, and Guthrie Theater. If you feel more adventurous, join the Minneapolis St. Paul or the Twin Cities Marathons.

Sports aficionados will be in paradise with the presence of professional teams such as the Minnesota Vikings (NFL), Minnesota Wild (NHL), Minnesota Timberwolves (NBA), and Minnesota Twins (MLB). In addition, outdoor enthusiasts can explore hidden gems showcasing the city's breathtaking natural beauty, from the enchanting Minnehaha Regional Park to the stunning Calhoun Lake and the Chain Lakes.

Minneapolis is a city that offers the perfect blend of a fulfilling lifestyle and ample opportunities to build your ideal future, which is why it's such a great place to live.

Rental Market Trends

Minneapolis, MN

As of January 2026, Minneapolis's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Minneapolis's average rent is 9.0% ($137) higher than the Minnesota average of $1,523 and 5.6% ($99) lower than the U.S. average of $1,759.

Average Rent
$1,660
Monthly ChangeMonth Over Month Change
Increased0.2% ($4)
Yearly ChangeYear Over Year Change
Increased28.7% ($370)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,361 Increased0.1% ($1) Increased19.2% ($219)
2 Beds $2,039 Decreased0.4% ($9) Increased32.6% ($501)
3 Beds $2,464 Increased1.3% ($32) Increased20.1% ($413)
Nearby Cities Average Rent Avg. Rent vs. MinneapolisAverage Rent vs. Minneapolis Avg. Days on MarketAverage Days on Market
Hopkins $1,576 Decreased5.1% ($84) 31 days
Saint Paul $1,449 Decreased12.7% ($211) 31 days
Minnetonka $2,255 Increased35.8% ($595) 32 days
Eden Prairie $1,500 Decreased9.6% ($160) 37 days
Wayzata $1,570 Decreased5.4% ($90) 36 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Minneapolis Rental Market FAQs

Explore rental prices, market trends, and availability in Minneapolis, MN.

The average rent in Minneapolis, MN is $1,660 per month.
Homes in Minneapolis typically rent for between $953 and $3,203 per month, with an average of $1,660 per month.
In Minneapolis, the average rent for a 1-bedroom home is $1,361 per month, for a 2-bedroom home, $2,039 per month, and a 3-bedroom home is $2,464 per month.
The average rent in Minneapolis is 5.6% ($99) lower than the national average of $1,759 per month.
The average rent in Minneapolis has increased by 0.2% ($4) in the last month and increased by 28.7% ($370) over the past year.
The rental market in Minneapolis, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Minneapolis, MN, the average rental stays on the market for approximately 28 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1,095 rental property available in Minneapolis, MN.
Based on the current averages, a household would need an annual income of $81,560 to comfortably afford a 2-bedroom home in Minneapolis.
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