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Apartments for Rent in Minneapolis, MN under $1200
463 Rentals Available

  • 5800 - 42Nd Ave N, Robbinsdale, MN 55422
    $830 - $1,095
    • 1-2 Beds
    8 Units available Today
  • 1435 West 31St St, Minneapolis, MN 55408
    See current rent specials
    $795 - $1,095
    • Studio-1 Bed
    3 Units available Today
  • 3508 Dupont Ave S, Minneapolis, MN 55408
    $1,050
    • 1 Bed
    1 Unit available Today
  • 430 Oak Grove Street, Minneapolis, MN 55403
    $1,141 - $2,265
    • Studio-1 Bed
    1 Unit available Today
  • 2310 Harriet Ave S, Minneapolis, MN 55409
    See current rent specials
    $825 - $925
    • 1 Bed
    2 Units available Today
  • 410 West Lake Street, Minneapolis, MN 55408
    $1,072 - $1,156
    • Studio-1 Bed
    Contact for availability Today
  • 2440 Dupont Ave S, Minneapolis, MN 55405
    See current rent specials
    $910 - $920
    • Studio-1 Bed
    2 Units available Today
  • 127 West Lake Street, Minneapolis, MN 55408
    $675 - $785
    • Studio-1 Bed
    7 Units available Today
  • 3117 Girard Ave S, Minneapolis, MN 55408
    $1,045
    • 1 Bed
    1 Unit available Today
  • 2001 Bryant Ave S, Minneapolis, MN 55405
    See current rent specials
    $800 - $1,195
    • Studio-2 Beds
    3 Units available Today
  • 3317 1St Ave S, Minneapolis, MN 55408
    $925 - $975
    • 1 Bed
    3 Units available Today
  • 1785 Bryant Ave S, Minneapolis, MN 55403
    See current rent specials
    $850 - $1,010
    • Studio-1 Bed
    3 Units available Today
  • 4233 Nicollet Ave S, Minneapolis, MN 55409
    $1,025
    • 1 Bed
    1 Unit available Today
  • 2120 Aldrich Ave S, Minneapolis, MN 55405
    See current rent specials
    $845
    • Studio-2 Beds
    2 Units available Today
  • 3252 Girard Ave S, Minneapolis, MN 55408
    See current rent specials
    $970 - $1,065
    • 1 Bed
    3 Units available Today
  • 3029 22Nd Avenue South, Minneapolis, MN 55407
    $1,179 - $1,499
    • Studio-1 Bed
    4 Units available Today
  • 3033 Grand Avenue South, Minneapolis, MN 55408
    $850 - $905
    • 1 Bed
    4 Units available Today
  • 3440 Emerson Avenue South, Minneapolis, MN 55408
    $850
    • 1 Bed
    2 Units available Today
  • 3030 Irving Ave S, Minneapolis, MN 55408
    See current rent specials
    $840 - $1,200
    • Studio-2 Beds
    3 Units available Today
  • 2009 Bryant Ave S, Minneapolis, MN 55405
    $895 - $905
    • Studio-1 Bed
    2 Units available Today
  • 2509 Dupont Ave S, Minneapolis, MN 55405
    $1,195
    • Studio-2 Beds
    2 Units available Today
  • 3800 Foss Rd, St Anthony, MN 55421
    $895 - $975
    • Studio-2 Beds
    2 Units available Today
  • 1100 West 28Th St, Minneapolis, MN 55408
    $825
    • 1 Bed
    1 Unit available Today
  • 3439 Garfield Ave S, Minneapolis, MN 55408
    $975
    • 1 Bed
    1 Unit available Today
  • 2885 James Ave. S., Minneapolis, MN 55408
    $995
    • 1 Bed
    1 Unit available Today
  • 901 Summit Ave S, Minneapolis, MN 55403
    See current rent specials
    $840 - $1,030
    • Studio-1 Bed
    3 Units available Today
  • 2321 Aldrich Ave S, Minneapolis, MN 55405
    $919 - $1,200
    • 1-2 Beds
    3 Units available Today
  • 2600 Bryant Ave S, Minneapolis, MN 55408
    See current rent specials
    $850 - $945
    • Studio-2 Beds
    6 Units available Today
  • 3220 Girard Ave S, Minneapolis, MN 55408
    See current rent specials
    $840 - $999
    • Studio-2 Beds
    3 Units available Today
  • 2401 Chicago Ave South, Minneapolis, MN 55404
    See current rent specials
    $1,195 - $1,235
    • Studio
    Contact for availability Today
  • 4052 Minnehaha Avenue, Minneapolis, MN 55406
    $850
    • 1 Bed
    4 Units available Today
  • 3240 Fremont Avenue South, Minneapolis, MN 55408
    $825 - $905
    • 1 Bed
    6 Units available Today
  • 3617 Bryant Ave S, Minneapolis, MN 55409
    $1,025
    • 1 Bed
    1 Unit available Today
  • 2434 Dupont Ave S, Minneapolis, MN 55405
    See current rent specials
    $845
    • Studio-2 Beds
    1 Unit available Today
  • 3033 James Ave S, Minneapolis, MN 55408
    $995
    • Studio-1 Bed
    1 Unit available Today
  • 2435 Pillsbury Ave. S., Minneapolis, MN 55404
    $940
    • Studio-2 Beds
    1 Unit available Today
  • 520 2Nd St SE, Minneapolis, MN 55414
    $783 - $962
    • Studio-1 Bed
    Contact for availability Today
  • 2300 Aldrich Ave S, Minneapolis, MN 55405
    $895 - $1,099
    • Studio-2 Beds
    2 Units available Today
  • 424 West 24Th Street, Minneapolis, MN 55405
    $795 - $875
    • 1 Bed
    2 Units available Today
  • 2120 Garfield Avenue S, Minneapolis, MN 55408
    $795 - $925
    • 1 Bed
    4 Units available Today
  • 2530 Blaisdell Ave S, Minneapolis, MN 55404
    $765 - $1,125
    • 1-2 Beds
    3 Units available Today
  • 3720 Foss Rd, St Anthony, MN 55421
    $995
    • 1-2 Beds
    1 Unit available Today
  • 2709 Park Ave S, Minneapolis, MN 55407
    See current rent specials
    $705
    • Studio-1 Bed
    1 Unit available Today
  • 3508 Colfax Ave S, Minneapolis, MN 55408
    $799
    • Studio-2 Beds
    1 Unit available Today
  • 2636 Fremont Ave S, Minneapolis, MN 55408
    $885 - $920
    • Studio-2 Beds
    2 Units available Today
  • 2016 Grand Ave S, Minneapolis, MN 55405
    See current rent specials
    $850
    • Studio-3 Beds
    2 Units available Today
  • 951 E 77Th Street, Richfield, MN 55423
    Contact for availability Today
  • 1000 W. Franklin Ave, Minneapolis, MN 55405
    $795
    • Studio-2 Beds
    3 Units available Today
  • (1)
    1928 Portland Avenue South, Minneapolis, MN 55404
    $875 - $1,800
    • Studio-1 Bed
    Contact for availability Today
  • (1)
    4041 Hiawatha Avenue South, Minneapolis, MN 55406
    $1,134
    • 1 Bed
    1 Unit available Today

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.

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, August 2021 $1,599 /mo

    Minneapolis, MN Apartment Rent Ranges

    Minneapolis, MN Rent Trends

    Average Rent Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jul / 2021 Aug / 2021
    Minneapolis, MN $1,557 $1,544 $1,554 $1,591 $1,590 $1,596 $1,602 $1,553 $1,559 $1,581 $1,599
    National $1,347 $1,356 $1,361 $1,393 $1,400 $1,402 $1,393 $1,397 $1,485 $1,510 $1,539
    /

    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