Homes & Apartments for Rent in 55425

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What to Know About

Living in 55425

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 June 2026, Minneapolis's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Minneapolis's average rent is 1.7% ($26) higher than the Minnesota average of $1,539 and 12.9% ($232) lower than the U.S. average of $1,797.

Average Rent
$1,565
Monthly ChangeMonth Over Month Change
Decreased2.7% ($43)
Yearly ChangeYear Over Year Change
Increased13.5% ($186)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,334 Decreased0.1% ($2) Increased14.1% ($165)
2 Beds $1,943 Decreased1.3% ($25) Increased14.9% ($252)
3 Beds $2,422 Decreased1.2% ($30) Increased5.6% ($129)
Nearby Cities Average Rent Avg. Rent vs. MinneapolisAverage Rent vs. Minneapolis Avg. Days on MarketAverage Days on Market
Hopkins $1,487 Decreased5% ($78) 31 days
Saint Paul $1,533 Decreased2% ($32) 31 days
Eden Prairie $1,674 Increased7% ($109) 37 days
Wayzata $1,520 Decreased2.9% ($45) 36 days
Osseo $1,746 Increased11.6% ($181) 34 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 $1,565 per month.
Homes in Minneapolis typically rent for between $934 and $3,149 per month, with an average of $1,565 per month.
In Minneapolis, the average rent for a 1-bedroom home is $1,334 per month, for a 2-bedroom home, $1,943 per month, and a 3-bedroom home is $2,422 per month.
The average rent in Minneapolis is 12.9% ($232) lower than the national average of $1,797 per month.
The average rent in Minneapolis has decreased by 2.7% ($43) in the last month and increased by 13.5% ($186) 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 33 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 1,161 rental property available in Minneapolis, MN.
Based on the current averages, a household would need an annual income of $77,720 to comfortably afford a 2-bedroom home in Minneapolis.
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