Last updated August 24, 2026

Average Rent in Minneapolis, MN & Rent Trends

Rent prices and market trends across 42 apartment communities in Minneapolis, MN. Updated daily.

Area All Areas Beltrami Central Minneapolis Howe Marcy-Holmes Southwest Minneapolis University of Minnesota - Twin Cities Ventura Village

Minneapolis 55402 55403 55415

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed 4 Bed

Market Average

$2,727/mo

▲ +4.4% from last month

Lowest Available

$639/mo

cheapest unit on market

Communities

tracked daily

Units Listed

210

available now

Price Cuts This Week in Minneapolis, MN

152 listed units across 22 buildings offering 2 bed units in Minneapolis, MN dropped their asking rent in the past 7 days, an average cut of $86/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
The Archive Apartments	Unit 12	$3,199	$2,269	$930
Forte on the Park	Unit 15	$6,905	$6,042	$863
The Archive Apartments	Unit 15	$3,579	$3,229	$350
The Archive Apartments	Unit 10	$2,999	$2,699	$300
Loring Park Apartments	Unit 215, Studio	$1,595	$1,313	$282
The Churchill Apartments	Unit 9, 2 Bedroom 01	$2,393	$2,120	$273
The Grand Mill District	Unit 1	$1,723	$1,483	$240
Borealis Apartments	Unit 14, Plan N	$2,549	$2,337	$212

See today's prices on all 210 listed units

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
Central Minneapolis	$2,246	▼ $45	$1,235	23	432
University of Minnesota - Twin Cities	$2,113	▲ $163	$1,708	1	11
Minneapolis 55415	$2,102	▲ $141	$800	8	91
Minneapolis 55403	$2,096	▲ $79	$1,313	2	19
Ventura Village	$1,996	▼ $527	$1,396	2	39
Minneapolis 55402	$1,975	▲ $441	$1,300	2	57
Southwest Minneapolis	$1,881	▼ $128	$1,432	1	30
Beltrami	$1,623	▼ $163	$1,450	1	8
Marcy-Holmes	$1,617	▲ $153	$639	10	61
Howe	$1,389	▲ $64	$1,235	1	5

Is Rent Going Up or Down in Minneapolis, MN?

As of August 2026, the average rent in Minneapolis, MN is $2,727 per month across 42 apartment communities and 210 available units. Rents have increased $90 (4.4%) over the past month.

The most affordable option is Hub Minneapolis starting at $639/mo. By unit type, a 2-bedroom averages $2,727/mo.

Prices range from $639 to $6,042 per month. The most common price point is the $2,400 range, where 39 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	$2,184	+$30	35
June 2026	$2,160	-$24	36
July 2026	$2,093	-$67	42
August 2026	$2,112	+$19	42

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

2 Bed

$2,727

from $639 · 210 units

Rent Prices by Apartment in Minneapolis, MN

Property	Starting at	Average	Units	Rating
Hub Minneapolis	$639/mo	$1,127/mo	6	3.8
St. Anthony Mills	$1,020/mo	$1,248/mo	2	4.1
The Station on Washington	$1,299/mo	$1,350/mo	2	4.5
East Town Apartments	$1,340/mo	$1,340/mo	8	3.9
Riverside Flats	$1,475/mo	$1,492/mo	3	2.9
Thornton Place Apartments	$1,615/mo	$1,615/mo	1	4.5
The Flats at Malcolm Yards	$1,735/mo	$1,735/mo	2	4
Hencen Apartments	$2,010/mo	$2,247/mo	6	4.3
HQ Apartments	$2,026/mo	$2,566/mo	10	4.2
Moment Apartments	$2,088/mo	$2,964/mo	9	3.9
The Churchill Apartments	$2,103/mo	$2,242/mo	7	3.5
7 West Apartments	$2,188/mo	$2,357/mo	6	4.7
Loring Park Apartments	$2,196/mo	$2,362/mo	5	4.7
The Station at Malcolm Yards	$2,218/mo	$2,354/mo	2	4.7
724 Lofts	$2,269/mo	$2,417/mo	4	4.7
The Archive Apartments	$2,269/mo	$2,984/mo	8	4.8
The Copham	$2,270/mo	$2,270/mo	1	4.5
Inspire	$2,277/mo	$2,496/mo	6	3.7
NoLo Living - NoLo South	$2,288/mo	$2,438/mo	5	4
Borealis Apartments	$2,291/mo	$2,637/mo	3	4.7
Dock Street Flats North Loop Apartments	$2,359/mo	$2,582/mo	3	4.3
FreightYard Townhomes and Flats	$2,375/mo	$2,438/mo	2	3.9
The Hall Lofts	$2,377/mo	$2,814/mo	13	3.7
270 Hennepin Apartments	$2,406/mo	$3,080/mo	18	3.9
Third North Apartments	$2,428/mo	$2,483/mo	3	4.7
The Larking	$2,458/mo	$3,083/mo	8	4.6
Second and Second	$2,504/mo	$2,504/mo	1	3.9
The Paxon	$2,530/mo	$2,537/mo	2	3.8
Edition Apartment Homes	$2,568/mo	$3,260/mo	3	4.7
Tyler Street Stacks	$2,600/mo	$2,600/mo	1	4.6
The Grand Mill District	$2,613/mo	$2,831/mo	4	4.6
365 Nicollet	$2,675/mo	$3,108/mo	22	4
Forte on the Park	$2,690/mo	$3,495/mo	6	4.9
Ironclad Residential	$2,750/mo	$3,475/mo	4	4.6
Heritage Landing	$2,795/mo	$2,795/mo	1	4.5
The Vicinity Apartments	$2,902/mo	$2,902/mo	1	4.4
East End Apartments	$2,939/mo	$2,939/mo	1	3.8
Encore Apartments	$3,027/mo	$3,624/mo	5	4.5
Maverick North Loop Apartments	$3,083/mo	$3,250/mo	3	4.6
Variant	$3,234/mo	$3,234/mo	1	4.1
North Loop Green 360	$3,443/mo	$3,892/mo	11	4
240 Park Avenue	$3,585/mo	$3,585/mo	1	4.5

Frequently Asked Questions About Rent in Minneapolis, MN

What is the average rent in Minneapolis, MN?

The average rent in Minneapolis, MN is $2,727 per month as of August 2026, based on 210 units across 42 apartment communities.

Is rent going up or down in Minneapolis, MN?

Rent in Minneapolis, MN has increased $90 (4.4%) over the past month. The current average is $2,727/mo.

What is the cheapest apartment in Minneapolis, MN?

The most affordable apartment in Minneapolis, MN is Hub Minneapolis with units starting at $639/mo.

How many apartments are available in Minneapolis, MN?

There are 210 units available across 42 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

$109,000/year

Based on the 30 percent rule, using our tracked average rent of $2,727/mo.

Comfortable income

$131,000/year

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

To afford the cheapest tracked apartment ($639/mo), you need to earn at least $26,000/year.

Median household income in Minneapolis, MN is $80,269 , about 39% 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)	$2,727	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	$6,331/mo	$75,966/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

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