Renter Resources
Tenant Rights 101: What Every Renter Should Know
Your landlord can't just walk in, raise your rent overnight, or kick you out on a whim, but many renters don't know that.
•13 min read
What to Know About
Living in Minneapolis, MN
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 November 2025, Minneapolis's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Minneapolis's average rent is 5.0% ($76) higher than the Minnesota average of $1,530 and 10.5% ($189) lower than the U.S. average of $1,795.
Average Rent
$1,606
Monthly ChangeMonth Over Month Change
7.6% ($114)
Yearly ChangeYear Over Year Change
19.1% ($257)
Avg. Days on MarketAverage Days on Market
33
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,347 | 5.1% ($65) | 13.9% ($164) |
| 2 Beds | $2,014 | 10.8% ($196) | 24.7% ($399) |
| 3 Beds | $2,429 | 2.7% ($65) | 16.3% ($341) |
| Nearby Cities | Average Rent | Avg. Rent vs. MinneapolisAverage Rent vs. Minneapolis | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Hopkins | $1,864 | 16.1% ($258) | 31 days |
| Saint Paul | $1,408 | 12.3% ($198) | 31 days |
| Minnetonka | $2,255 | 40.4% ($649) | 32 days |
| Eden Prairie | $1,579 | 1.7% ($27) | 37 days |
| Wayzata | $1,511 | 5.9% ($95) | 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 $1,606 per month.
Apartments in Minneapolis typically rent for between $943 and $3,158 per month, with an average of $1,606 per month.
In Minneapolis, the average rent for a 1-bedroom apartment is $1,347 per month, for a 2-bedroom apartment, $2,014 per month, and a 3-bedroom apartment is $2,429 per month.
The average rent in Minneapolis is 10.5% ($189) lower than the national average of $1,795 per month.
The average rent in Minneapolis has increased by 7.6% ($114) in the last month and increased by 19.1% ($257) 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 1,117 rental property available in Minneapolis, MN.
Based on the current averages, a household would need an annual income of $80,560 to comfortably afford a 2-bedroom apartment in Minneapolis.
