Renter Resources
What Renters Must Photograph Before Moving In
Your landlord just gave you the keys. You're excited to move in, but one thing that could cost you hundreds later is not documenting what's already broken.
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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 June 2025, Minneapolis's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Minneapolis's average rent is 7.5% ($112) lower than the Minnesota average of $1,491 and 22.7% ($405) lower than the U.S. average of $1,784.
Average Rent
$1,379
Monthly ChangeMonth Over Month Change
0.6% ($9)
Yearly ChangeYear Over Year Change
0.9% ($13)
Avg. Days on MarketAverage Days on Market
33
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,169 | No change | 4.4% ($54) |
| 2 Beds | $1,691 | 0.1% ($1) | 11.8% ($179) |
| 3 Beds | $2,293 | 3.1% ($74) | 4.9% ($108) |
| Nearby Cities | Average Rent | Avg. Rent vs. MinneapolisAverage Rent vs. Minneapolis | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Hopkins | $1,591 | 15.4% ($212) | 31 days |
| Saint Paul | $1,387 | 0.6% ($8) | 31 days |
| Eden Prairie | $1,496 | 8.5% ($117) | 37 days |
| Wayzata | $1,460 | 5.9% ($81) | 36 days |
| Osseo | $1,939 | 40.6% ($560) | 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 $1,379 per month.
Apartments in Minneapolis typically rent for between $818 and $2,981 per month, with an average of $1,379 per month.
In Minneapolis, the average rent for a 1-bedroom apartment is $1,169 per month, for a 2-bedroom apartment, $1,691 per month, and a 3-bedroom apartment is $2,293 per month.
The average rent in Minneapolis is 22.7% ($405) lower than the national average of $1,784 per month.
The average rent in Minneapolis has decreased by 0.6% ($9) in the last month and decreased by 0.9% ($13) 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 1,218 rental property available in Minneapolis, MN.
Based on the current averages, a household would need an annual income of $67,640 to comfortably afford a 2-bedroom apartment in Minneapolis.
