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

  • 2340 E 32Nd St, Minneapolis, MN 55406
    $926 - $1,339
    • 1-2 Beds
    6 Units available Today
  • (4)
    1500 Nicollet Avenue South, Minneapolis, MN 55403
    $1,063
    • Studio
    Contact for availability Today
  • 2500 38Th Avenue NE, St. Anthony, MN 55421
    Contact for availability Today
  • 1006 West Lake Street, Minneapolis, MN 55408
    $1,139
    • 1 Bed
    2 Units available Today
  • 2825 Fremont Ave S, Minneapolis, MN 55408
    $845 - $1,025
    • Studio-1 Bed
    Contact for availability Today
  • (7)
    2220 East Lake Street, Minneapolis, MN 55407
    $1,105
    • 1 Bed
    1 Unit available Today
  • 127 E. 59Th Street #204, Minneapolis, MN 55419
    See current rent specials
    $1,020 - $1,255
    • 1-2 Beds
    Contact for availability Today
  • (11)
    2611 Pleasant Avenue S, #201, Minneapolis, MN 55408
    $930 - $1,135
    • Studio-1 Bed
    11 Units available Today
  • 1423 11Th Avenue South, Minneapolis, MN 55404
    $945 - $1,550
    • Studio
    2 Units available Today
  • 6910 Humboldt Ave N., Brooklyn Center, MN 55430
    $880 - $995
    • Studio-1 Bed
    5 Units available Today
  • 900 14Th Avenue NE, Minneapolis, MN 55413
    $1,047 - $1,137
    • Studio-1 Bed
    Contact for availability Today
  • 1020 3Rd Street N, Minneapolis, MN 55401
    $1,036
    • Studio-1 Bed
    Contact for availability Today
  • 4330 Minnehaha Avenue, Minneapolis, MN 55406
    $875
    • 1-2 Beds
    1 Unit available Today
  • 1000 Olson Memorial Hwy., Minneapolis, MN 55411
    $1,172 - $1,260
    • 1-2 Beds
    Contact for availability Today
  • 322 South 2Nd Street, Minneapolis, MN 55401
    $1,136 - $1,138
    • 1-2 Beds
    Contact for availability Today
  • 432 N 1St Street Unit G, Minneapolis, MN 55401
    $1,120 - $1,706
    • 1 Bed
    2 Units available Today
  • 720 South Washington Avenue, Minneapolis, MN 55401
    $1,135
    • Studio-1 Bed
    Contact for availability Today
  • 1400 S 2Nd Street, Minneapolis, MN 55454
    $869 - $916
    • Studio-1 Bed
    Contact for availability Today
  • 2505 Penn Avenue North, Minneapolis, MN 55411
    $1,029 - $1,100
    • Studio-2 Beds
    Contact for availability Today
  • 2515 So. 9Th Street, Minneapolis, MN 55406
    $1,086
    • Studio
    Contact for availability Today
  • 2636 Pillsbury Ave South #103, Minneapolis, MN 55408
    $1,050
    • Studio-2 Beds
    Contact for availability Today
  • 2124 Garfield Avenue South, Minneapolis, MN 55405
    $825 - $850
    • Studio-1 Bed
    3 Units available Today
  • 320 2Nd Avenue SE, Minneapolis, MN 55414
    $723 - $987
    • 1-2 Beds
    Contact for availability Today
  • 1600 First Avenue South, Minneapolis, MN 55403
    • Studio-1 Bed
    Contact for availability Today
  • (2)
    6221 Shingle Creek Parkway, Brooklyn Center, MN 55430
    $776 - $1,163
    • 1-2 Beds
    Contact for availability Today
  • 1517 Lasalle Ave S, Minneapolis, MN 55403
    $598 - $775
    • Studio-1 Bed
    Contact for availability Today
  • 301 Penn Ave N, Minneapolis, MN 55405
    $1,140
    • 1-3 Beds
    Contact for availability Today
  • 618 S 9Th Avenue, Minneapolis, MN 55415-4601
    $781 - $1,106
    • Studio-1 Bed
    Contact for availability Today
  • 6210 Bloomington Road, Fort Snelling, MN 55111
    $636
    • Studio-2 Beds
    Contact for availability Today
  • 5511 Minnehaha Ave South, Minneapolis, MN 55417
    $450 - $480
    • Studio-1 Bed
    Contact for availability Today
  • 2616 3Rd Avenue South, Minneapolis, MN 55408
    $1,130
    • 3 Beds
    Contact for availability Today
  • 4600 Humboldt Ave. North, Minneapolis, MN 55412
    $1,025
    • 1-2 Beds
    Contact for availability Today
  • 2609 Blaisdell Ave, Minneapolis, MN 55408
    $1,037
    • 1 Bed
    Contact for availability Today
  • 3154 Bloomington Avenue South, Minneapolis, MN 55407
    $890
    • 1 Bed
    Contact for availability Today
  • 501 Girard Terrace, Minneapolis, MN 55405
    $1,076
    • 1-3 Beds
    Contact for availability Today
  • 2900 Park Avenue South, Minneapolis, MN 55407
    $895
    • 1-3 Beds
    1 Unit available Today
  • 2001 S. 9Th Street, Minneapolis, MN 55404
    $603
    • 1-2 Beds
    Contact for availability Today
  • 5500 N. 42Nd Ave., Robbinsdale, MN 55422
    $725
    • 1 Bed
    Contact for availability Today
  • 2323 26Th Avenue, Minneapolis, MN 55411
    $450 - $900
    • Studio-2 Beds
    Contact for availability Today
  • 525 Humboldt Avenue North, Minneapolis, MN 55405
    $1,045
    • 1-2 Beds
    1 Unit available Today
  • 2415 Bloomington Ave S, Minneapolis, MN 55404
    $848
    • 1 Bed
    Contact for availability Today
  • 2000 W. Broadway, Minneapolis, MN 55411
    $950 - $1,200
    • 2-3 Beds
    Contact for availability Today
  • Zinsmaster Apartments 2900 Park Ave South, Minneapolis, MN 55407
    $1,155
    • 2-3 Beds
    1 Unit available Today
  • 816 21St Avenue North, Minneapolis, MN 55411
    $1,089
    • 2 Beds
    Contact for availability Today
  • 2730 Portland Ave South, Minneapolis, MN 55407
    $682
    • 1-4 Beds
    Contact for availability Today
  • 66 South 12Th Street, Minneapolis, MN 55403
    Contact for availability Today
  • 1400 Portland Ave S, Minneapolis, MN 55404
    $525 - $880
    • Studio-1 Bed
    5 Units available Today
  • (1)
    5360 Riverview Road, Minneapolis, MN 55417
    $700
    • 1 Bed
    Contact for availability Today
  • 3051 Pillsbury Ave S, Minneapolis, MN 55408
    $1,124
    • 1 Bed
    Contact for availability Today
  • 501 E 19Th St, Minneapolis, MN 55404
    Contact for availability 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