Last updated October 14, 2026

Average Rent in Minneapolis, MN & Rent Trends

Rent prices and market trends across 45 apartment communities in Minneapolis, MN. Updated daily.

Area All Areas Beltrami Central Minneapolis Howe Marcy-Holmes Southwest Minneapolis Ventura Village Willard-Hay

Minneapolis 55402 55403 55415

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$1,753/mo

▼ 3.2% from last month

Lowest Available

$1,022/mo

cheapest unit on market

Communities

tracked daily

Units Listed

251

available now

Rent Watch: cuts and increases

Open Rent Watch →

9 cuts and 2 increases among 73 comparable listings this week. Filter by bedrooms and budget, then inspect each building’s history.

HQ Apartments
↑ $185/mo
Increase of 11.1% · Unit 1518
Borealis Apartments
↓ $84/mo
Cut of 4.0% · Unit 102
Variant
↓ $78/mo
Cut of 4.1% · Unit 420

Rent by Neighborhood in Minneapolis, MN

Compare average rent across Minneapolis, MN neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map

Neighborhood	Avg Rent	30d Change	From	Properties	Units
Marcy-Holmes	$2,310	▲ $100	$1,022	7	63
Central Minneapolis	$2,284	▼ $114	$1,062	24	291
University of Minnesota - Twin Cities	$1,875	▼ $114	$1,368	1	14
Minneapolis 55402	$1,850	▼ $95	$1,067	2	70
Southwest Minneapolis	$1,839	▼ $44	$1,315	1	37
Minneapolis 55403	$1,661	▼ $245	$1,224	2	20
Beltrami	$1,525	▼ $13	$1,047	6	30
Minneapolis 55415	$1,513	▼ $151	$800	4	48
Ventura Village	$1,383	-	$1,040	3	8
Howe	$1,382	▼ $69	$1,075	3	15

Is Rent Going Up or Down in Minneapolis, MN?

As of October 2026, the average rent in Minneapolis, MN is $1,753 per month across 45 apartment communities and 251 available units. Rents have decreased $57 (3.2%) over the past month.

The most affordable option is The Station on Washington starting at $1,022/mo. By unit type, a 1-bedroom averages $1,753/mo.

Prices range from $1,022 to $3,483 per month. The most common price point is the $1,600 range, where 72 units are currently listed.

Minneapolis, MN Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
April 2026	$2,154	-	19
May 2026	$2,187	+$33	34
June 2026	$2,154	-$33	35
July 2026	$2,071	-$83	42
August 2026	$2,108	+$37	42
September 2026	$2,066	-$42	52
October 2026	$1,939	-$127	55

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Rent Price Distribution

Rent by Bedroom Type in Minneapolis, MN

1 Bed

$1,753

from $1,022 · 251 units

Rent Prices by Apartment in Minneapolis, MN

Property	Starting at	Average	Units	Rating
The Station on Washington	$1,022/mo	$1,440/mo	4	4.5
Lilium Apartments	$1,040/mo	$1,040/mo	1	5
Riverside Flats	$1,075/mo	$1,125/mo	2	2.9
East Town Apartments	$1,082/mo	$1,082/mo	8	3.9
Stonehouse Square Apartments	$1,200/mo	$1,297/mo	6	3.8
The Flats at Malcolm Yards	$1,201/mo	$1,367/mo	3	4
HQ Apartments	$1,211/mo	$1,493/mo	23	4.2
East Village Apartments	$1,300/mo	$1,300/mo	1	3
Thornton Place Apartments	$1,320/mo	$1,320/mo	1	4.5
Ladder 260 Apartments	$1,418/mo	$1,418/mo	4	4.6
La Pompadour Apartments	$1,439/mo	$1,439/mo	1	3.3
Inspire	$1,465/mo	$1,672/mo	21	3.7
Soo Line Building City Apartments	$1,476/mo	$1,615/mo	8	4.2
The Churchill Apartments	$1,496/mo	$1,608/mo	13	3.5
Dock Street Flats North Loop Apartments	$1,499/mo	$1,616/mo	9	4.3
Third North Apartments	$1,499/mo	$1,499/mo	1	4.7
East End Apartments	$1,508/mo	$1,732/mo	10	3.8
The Larking	$1,526/mo	$1,549/mo	6	4.6
Sora Apartments	$1,530/mo	$1,598/mo	9	3.4
Tyler Street Stacks	$1,535/mo	$1,606/mo	3	4.6
The Abbey Apartments	$1,545/mo	$1,602/mo	3	4.3
700 Central Apartments	$1,577/mo	$1,782/mo	3	4.4
Groove Lofts Apartments	$1,614/mo	$1,740/mo	8	4
Heritage Landing	$1,645/mo	$1,952/mo	6	4.5
Moment Apartments	$1,652/mo	$1,821/mo	5	3.9
7 West Apartments	$1,663/mo	$1,759/mo	7	4.7
The Station at Malcolm Yards	$1,695/mo	$1,831/mo	6	4.7
Huck Apartments	$1,695/mo	$1,845/mo	2	4.3
Forte on the Park	$1,710/mo	$2,324/mo	12	4.9
Sawyer Apartments	$1,725/mo	$1,810/mo	2	3.4
Borealis Apartments	$1,741/mo	$1,860/mo	6	4.7
The Archive Apartments	$1,799/mo	$1,959/mo	3	4.8
Ironclad Residential	$1,825/mo	$1,982/mo	3	4.6
Variant	$1,843/mo	$1,981/mo	6	4.1
FreightYard Townhomes and Flats	$1,845/mo	$1,845/mo	2	3.9
The Grand Mill District	$1,853/mo	$1,893/mo	6	4.6
The Copham	$1,865/mo	$1,935/mo	3	4.5
Stadium Village Flats	$1,869/mo	$1,869/mo	1	3.8
365 Nicollet	$1,885/mo	$2,240/mo	10	4
Viridium Apartments	$1,913/mo	$1,987/mo	2	4
Maverick North Loop Apartments	$1,923/mo	$2,202/mo	7	4.6
Expo	$2,015/mo	$2,223/mo	5	3.9
Edition Apartment Homes	$2,063/mo	$2,177/mo	5	4.7
Encore Apartments	$2,368/mo	$2,718/mo	3	4.5
Vesi Apartments	$2,587/mo	$2,587/mo	1	4.2

Frequently Asked Questions About Rent in Minneapolis, MN

What is the average rent in Minneapolis, MN?

The average rent in Minneapolis, MN is $1,753 per month as of October 2026, based on 251 units across 45 apartment communities.

Is rent going up or down in Minneapolis, MN?

Rent in Minneapolis, MN has decreased $57 (3.2%) over the past month. The current average is $1,753/mo.

What is the cheapest apartment in Minneapolis, MN?

The most affordable apartment in Minneapolis, MN is The Station on Washington with units starting at $1,022/mo.

How much is a 1-bedroom apartment in Minneapolis, MN?

A 1-bedroom apartment in Minneapolis, MN averages $1,753/mo, with prices starting at $1,022/mo across 251 available units.

How many apartments are available in Minneapolis, MN?

There are 251 units available across 45 apartment communities in Minneapolis, MN.

What salary do I need to live comfortably in Minneapolis, MN?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$70,000/year

Based on the 30 percent rule, using our tracked average rent of $1,753/mo.

Comfortable income

$84,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,022/mo), you need to earn at least $41,000/year.

Median household income in Minneapolis, MN is $80,269 , about 5% below the comfortable-living threshold.

Cost of living in Minneapolis, MN

Overall prices in Minneapolis, MN runs above the national average by about 4% (BEA Regional Price Parity index 104.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Minneapolis, MN's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$1,753	daily refresh
Utilities	$474	BLS × BEA RPP
Groceries	$565	BLS × BEA RPP
Transportation	$1,131	BLS × BEA RPP
Healthcare	$552	BLS × BEA RPP
Other goods and services	$882	BLS × BEA RPP
Estimated total	$5,357/mo	$64,278/year

Population

426,845

Median household income

$80,269

Census median rent

$1,329/mo

Census rent burden

28.7%

Median age

33.0

Mean commute

23 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Minnesota Rent Trends

Compare rent across all Minnesota cities

Minneapolis, MN Neighborhood Rent Map

See rent history by neighborhood on a map

Explore Minneapolis, MN on Map

See neighborhoods and rent data interactively

US-wide rent comparison

See how Minneapolis, MN rents stack up against the national median