Apartments for Rent in Minneapolis, MN

Prices and availability in Minneapolis, MN were last updated on 19 Sep 2026.

The best apartments in Minneapolis, MN are: The Park Apartments, The Original at West Lake Quarter, The Gateway at West Lake Quarter, ELEVATE Apartment Homes and Tyler Street Stacks.

The average rent in Minneapolis, MN is $1,680.

The price range for a studio apartment in Minneapolis, MN is between $502 and $7,820.

The price range for a 1-bedroom apartment in Minneapolis, MN is between $512 and $6,353.

The price range for a 2-bedroom apartment in Minneapolis, MN is between $525 and $11,995.

The price range for a 3-bedroom apartment in Minneapolis, MN is between $525 and $15,169.

In Minneapolis, 52% of the residents are renting compared to 48% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 36% of Minneapolis's rentals, 54% are small-scale complexes with under 50 units, and 9% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Minneapolis are about 31 years old, on average. Of these, 56% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 9 stories. About 47% of the rental communities here are low-rise, garden-style communities, 45% are mid-rises, and 23% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Minneapolis come in a range of sizes and floorplans. Studio apartments represent 13% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 55% of the total apartments in the city, while 2-bedroom floorplans represent around 27% of all rentals in Minneapolis. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.