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3 Bedroom Apartments for Rent in Minneapolis, MN - 48 Rentals available

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Minneapolis, MN Demographics

  • Total Population399,950
  • Female 201,739
    Male 198,211
  • Median Age31.9

Average Rent for 3 Bedroom apartments in Minneapolis, MN

  • The average rent for a 3 Bedroom apartment in Minneapolis, MN, December 2018$1,425/mo
  • 1 Bedroom$1,248
  • 2 Bedrooms$1,690
  • 3 Bedrooms$1,954

Minneapolis, MN 3 Bedroom Apartment Rent Ranges

  • $1,001-$1,50053%
  • $1,501-$2,00010%
  • > $2,00038%

Minneapolis, MN 3 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Dec / 2018 $1,425 $1,954
Jan / 2018 $1,420 $1,943
Sept / 2017 $1,390 $1,874
May / 2017 $1,383 $1,842
Jan / 2017 $1,355 $1,848
Sept / 2016 $1,334 $1,798
May / 2016 $1,315 $1,743
Jan / 2016 $1,290 $1,749
Sept / 2015 $1,279 $1,749
May / 2015 $1,267 $1,728
/

Check out the average rent prices in Minneapolis by neighborhood.

Minneapolis, MN Households

  • Total Number of Households168,385
  • Family 76,077
    Non-family 92,308
  • Children 40,703
    No Children 127,682
  • Average People Per Household2.27
  • Median Household Income$51,480
  • Median Housing Costs Per Month$1,054

Minneapolis, MN Education Statistics

  • No High School5%
  • Some High School23%
  • Some College23%
  • Associate Degree6%
  • Bachelor Degree27%
  • Graduate Degree15%

Renting a 3 bedroom apartment in Minneapolis, MN

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,050 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Minneapolis, MN, rents on 3 bedroom apartments go up to $7,495. 45 rental properties offer 3 bedroom units in Minneapolis, MN to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Minneapolis, MN

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $765 in Minneapolis, MN, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like Keewaydin or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.