Last updated May 21, 2026

Average Rent in Minneapolis, MN & Rent Trends

Rent prices and market trends across 34 apartment communities in Minneapolis, MN. Updated daily.

Area All Neighborhoods Beltrami Central Minneapolis Howe Marcy-Holmes Minneapolis 55403 Minneapolis 55415 Southwest Minneapolis Ventura Village

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$2,834/mo

▲ +2.6% from last month

Lowest Available

$1,020/mo

cheapest unit on market

Communities

tracked daily

Units Listed

152

available now

Rent by Neighborhood in Minneapolis, MN

Compare average rent across Minneapolis, MN neighborhoods. Click any area to see detailed trends.

Neighborhood	Avg Rent	From	Properties	Units
Central Minneapolis	$2,403	$1,157	19	281
Ventura Village	$1,996	$1,220	3	60
Minneapolis 55403	$1,992	$1,480	1	10
Minneapolis 55415	$1,966	$800	8	87
Southwest Minneapolis	$1,863	$1,315	1	31
Marcy-Holmes	$1,806	$1,015	4	50
Beltrami	$1,751	$1,333	2	21
Howe	$1,405	$1,405	1	1

Is Rent Going Up or Down in Minneapolis, MN?

As of May 2026, the average rent in Minneapolis, MN is $2,834 per month across 34 apartment communities and 152 available units. Rents have increased $55 (2.6%) over the past month.

The most affordable option is St. Anthony Mills starting at $1,020/mo. By unit type, a 2-bedroom averages $2,834/mo.

Prices range from $1,020 to $7,337 per month. The most common price point is the $2,400 range, where 28 units are currently listed.

Minneapolis, MN Rent Price History

Rent Price Distribution

Rent by Bedroom Type in Minneapolis, MN

2 Bed

$2,834

from $1,020 · 152 units

Rent Prices by Apartment in Minneapolis, MN

Property	Starting at	Average	Units	Rating
St. Anthony Mills	$1,020/mo	$1,248/mo	2	4.1
East Town Apartments	$1,340/mo	$1,340/mo	8	3.9
Thornton Place Apartments	$1,525/mo	$1,525/mo	1	4.5
Hencen Apartments	$1,896/mo	$2,203/mo	10	4.3
FreightYard Townhomes and Flats	$1,995/mo	$2,065/mo	2	3.9
724 Lofts	$2,039/mo	$2,202/mo	3	4.7
Inspire	$2,080/mo	$2,296/mo	11	3.7
Loring Park Apartments	$2,101/mo	$2,441/mo	4	4.7
The Churchill Apartments	$2,180/mo	$2,362/mo	6	3.5
Mill City Apartments	$2,200/mo	$2,225/mo	2	5
The Station at Malcolm Yards	$2,218/mo	$2,335/mo	5	4.7
NoLo Living - NoLo South	$2,269/mo	$2,436/mo	7	4
HQ Apartments	$2,296/mo	$2,811/mo	5	4.2
Borealis Apartments	$2,399/mo	$2,589/mo	4	4.7
The Larking	$2,425/mo	$2,894/mo	5	4.6
Third North Apartments	$2,454/mo	$2,454/mo	1	4.7
Heritage Landing	$2,495/mo	$2,595/mo	2	4.5
Tyler Street Stacks	$2,497/mo	$2,498/mo	2	4.6
Moment Apartments	$2,499/mo	$3,064/mo	7	3.9
The Grand Mill District	$2,535/mo	$2,758/mo	4	4.6
Ironclad Residential	$2,600/mo	$3,316/mo	6	4.6
The Copham	$2,630/mo	$2,630/mo	2	4.5
Maverick North Loop Apartments	$2,650/mo	$3,165/mo	5	4.6
Edition Apartment Homes	$2,690/mo	$3,110/mo	2	4.7
The Paxon	$2,799/mo	$2,817/mo	2	3.8
Second and Second	$2,819/mo	$3,021/mo	4	3.9
270 Hennepin Apartments	$2,861/mo	$3,281/mo	8	3.9
East End Apartments	$2,985/mo	$2,985/mo	1	3.8
The Vicinity Apartments	$3,032/mo	$3,072/mo	3	4.4
Encore Apartments	$3,049/mo	$3,212/mo	4	4.5
Variant	$3,153/mo	$3,153/mo	1	4.1
365 Nicollet	$3,271/mo	$3,872/mo	9	4
Forte on the Park	$3,305/mo	$4,015/mo	4	4.9
North Loop Green 360	$3,553/mo	$4,663/mo	10	4

Google Search Trends for Minneapolis, MN Apartments

Search interest for apartments in this area over the past 12 months.

Search Interest Over Time

Explore more on Google Trends

Frequently Asked Questions About Rent in Minneapolis, MN

What is the average rent in Minneapolis, MN?

The average rent in Minneapolis, MN is $2,834 per month as of May 2026, based on 152 units across 34 apartment communities.

Is rent going up or down in Minneapolis, MN?

Rent in Minneapolis, MN has increased $55 (2.6%) over the past month. The current average is $2,834/mo.

What is the cheapest apartment in Minneapolis, MN?

The most affordable apartment in Minneapolis, MN is St. Anthony Mills with units starting at $1,020/mo.

How many apartments are available in Minneapolis, MN?

There are 152 units available across 34 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

$113,000/year

30 percent rule -- using our average rent of $2,834/mo.

Comfortable income

$136,000/year

25 percent rule -- leaves more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,020/mo), you need to earn at least $41,000/year.

Median household income in Minneapolis, MN is $80,269 , about 41% 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)	$2,834	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	$6,438/mo	$77,250/year

Population

426,845

Median household income

$80,269

Census median rent

$1,329/mo

Rent as % of income

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

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