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1 Bedroom Apartments for Rent in Minneapolis, MN
883 Rentals Available


Minneapolis’s average rent reached $1,559 in April

Minneapolis’s average rent reached $1,559 in April, after a 2.7% decrease since last year. A major midwestern job hub with a 50% renter share, Minneapolis is a desirable place to live and work in, with apartment prices above the national average of $1,417. [View Full Report]

Minneapolis apartment rent report

Minneapolis’s average rent was $1,559 in April

Minneapolis’s average rent reached $1,559 in April, after a 2.7% decrease since last year. A major midwestern job hub with a 50% renter share, Minneapolis is a desirable place to live and work in, with apartment prices above the national average of $1,417.

The average rent for an apartment in Minneapolis decreased compared to other surrounding cities, such as Bloomington ($1,359), where prices went up by 1%. Meanwhile, apartment rates in St. Paul increased by 0.5%, reaching a $1,317 average.

Minneapolis apartment rent report

What it costs to rent in the largest renter hubs in the Minneapolis area

Hopkins, the city with the largest renter share (64%) in the Minneapolis area, has a $1,289 average rent, after a 1.2% decrease. Minneapolis comes in second, followed by St. Paul, where 47% of residents are tenants.

Anoka has the fourth largest renter share (40%), with apartments going for $1,182 after a 4.4% annual increase. Last but not least, St. Louis Park's 39% share of renters places it fifth among the area’s renter hubs. The city’s average rent reached $1,506 in April, going down by 0.1% in the past year. 

The priciest and cheapest cities for renters in the Minneapolis area

Maple Grove is the priciest city for renters in the Minneapolis area, with apartments renting for $1,715 per month. Edina’s $1,670 rate is the second most expensive, while apartments in Woodbury ($1,662) come in third.

For renters in search of budget-friendly apartments, New Brighton's $1,117 average rent is the cheapest in the Minneapolis area, followed by Richfield's $1,124 rate. West St. Paul rentals are the third least pricey on the list, with a $1,130 average rent as of April.

Minneapolis and St. Paul apartment rents in popular ZIP codes for renters

Among Minneapolis's most popular renter ZIP codes, 55414 has a $1,891 average rent, above the city average ($1,559). At the same time, rentals in ZIP 55403 go for $1,320, while prices in ZIP 55401 circle around $1,806. Apartment rents in ZIP 55408 clock in at around $1,542, similar to the Minneapolis average, while rates in ZIP 55454 average at $1,315.

When it comes to St. Paul, apartments in ZIP 55116 go for $1,284 on average, while rentals in ZIP 55101 are priced at around $1,566, higher than the city average ($1,317). Meanwhile, ZIP 55119 has an $1,116 average rent and apartment rates in ZIP 55102 circle around $1,513. Rentals in another popular area, ZIP 55106, go for $1,012.

Check out how average rents evolved across the Minneapolis area

Minneapolis apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Look for 1 bedroom apartments near me

Looking for that perfect apartment that's just the right size for you and maybe you and someone else? You can now look at 1 bedroom apartment listings on RENTCafé in your area to find the one that meets your needs in terms of price and location. Whether you are looking for a 1 bedroom apartment near you, or anywhere in the U.S., we can help you find a home you'll love. Filter apartments by type, size, price, and amenities, check property reviews, and save your favorites.

Search for 1 bedroom apartments near you, whether it's in your neighborhood, or ZIP code, or any city in any state you plan to move to in the U.S. Somewhere out there is the perfect apartment for you. Let us help you find your next home!

Frequently Asked Questions

What is the price of a 1 bedroom apartment in Minneapolis, MN?

The price range of a 1 bedroom apartment is between $680 and $3,939. Search 1 bedroom apartments in Minneapolis, MN.

How many 1 bedroom apartments for rent are available in Minneapolis, MN on RENTCafé?

There are 758 1 bedroom rentals available on RENTCafé. Prices and availability in Minneapolis, MN were last updated on 25 Jul 2021.

What is the average size of a 1 bedroom apartment in Minneapolis, MN?

The average Minneapolis, MN 1 bedroom apartment size is 627 sq. ft.

What are the advantages of renting a 1 bedroom apartment in Minneapolis, MN?

Renting a 1 bedroom apartment comes with more living and storage space compared to a studio apartment.

What are the downsides of renting a 1 bedroom apartment in Minneapolis, MN?

1 bedroom apartments are usually more expensive than studio apartments in terms of rent and utility costs. You might be interested in studio apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Minneapolis, MN.

Minneapolis, MN Demographics

  • Total Population420,324
  • Female 212,823
    Male 207,501
  • Median Age32.3

Average Rent in Minneapolis, MN

  • Minneapolis, MN Average Rental Price, June 2021 $1,587 /mo

    Minneapolis, MN Apartment Rent Ranges

    Minneapolis, MN Rent Trends

    Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jun / 2021
    Minneapolis, MN $1,512 $1,557 $1,544 $1,554 $1,591 $1,590 $1,596 $1,602 $1,553 $1,559 $1,587
    National $1,348 $1,357 $1,362 $1,394 $1,401 $1,403 $1,394 $1,397 $1,404 $1,482
    /

    Minneapolis, MN Households

    • Total Number of Households176,974
    • Family 78,820
      Non-family 98,154
    • Children 40,265
      No Children 136,709
    • Average People Per Household2.28
    • Median Household Income$62,583
    • Median Housing Costs Per Month$1,194

    Minneapolis, MN Education Statistics

    Renting a 1 bedroom apartment in Minneapolis, MN

    Searching for great one bedroom apartments in Minneapolis, MN? We are here to lend a helping hand and some useful information. You will find 892 apartments in Minneapolis, MN, with prices starting from $889 going all the way up to $3,440. Whether you are browsing for chic single bedroom apartments with a higher price-tag or a cheap one bedroom efficiency, we want to make sure that you find a fabulous apartment, regardless. You can rent beautiful, spacious 1 bedroom apartments if you can fork a higher monthly rent. But if your budget is on the low-low, you will need stellar searching skills to land a nice apartment. If that happens to be the case, don’t lose hope, just keep on reading.

    Is it possible to find a nice cheap apartment?

    Yes, it is. If you want to find a quality apartment in a great location, as close to $889 as possible, which is as cheap as it gets in Minneapolis, MN, keep in mind that this is kind of like bargain shopping for clothes. You have to look carefully, check often, and be quick, because there’s always a deal waiting to be discovered. Of the 265 listings in Minneapolis, MN that have units available for rent, many offer weekly or monthly specials and discounts. Unbelievably good deals come up all the time. Keep checking, get notified by using saved searches, be the first one to see it, act fast and apply for it right away. You are not the only one looking for cheap one bedroom apartments, so these deals disappear quickly. A great deal on a one bedroom furnished apartment can be gone in no time. In order to find that perfect, affordable 1 bedroom we suggest you order your search results by price and hit the refresh button often. If you’ve studied the market and did your homework, you will know when a bargain hits the market.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!