Minnesota Rental Market Trends
Last updated: October 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Minnesota is $1,674, a 2.8% increase compared to the previous year, when the average rent was $1,629.
Studio Apartments at $1,207 offer the most budget-friendly option with 478 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 730 square feet for $1,486, balancing privacy and affordability.
Two-bedroom units at $1,835 offer 1,053 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,380 sq ft) for $2,273, suitable for larger households.
Average rent in Minnesota
Last updated: October 30, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,674 | 896 sq. ft. |
| Studio | $1,207 | 478 sq. ft. |
| 1 Bed | $1,486 | 730 sq. ft. |
| 2 Beds | $1,835 | 1,053 sq. ft. |
| 3 Beds | $2,273 | 1,380 sq. ft. |
Minnesota rent trends
What's the typical rent budget in Minnesota?
The largest share of rentals in Minnesota (39%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Minnesota?
641,268 or 28% of the households in Minnesota are renter-occupied while 1,666,687 or 72% are owner-occupied.
How Minnesota Compares to Other States
| State | Average Rent | Average Apartment Size |
|---|---|---|
| Alabama | $1,337 | 993 sq. ft. |
| Arizona | $1,571 | 867 sq. ft. |
| Arkansas | $1,155 | 896 sq. ft. |
| California | $2,706 | 854 sq. ft. |
| Colorado | $1,850 | 880 sq. ft. |
| Connecticut | $2,220 | 899 sq. ft. |
| Delaware | $1,739 | 928 sq. ft. |
| District of Columbia | $2,450 | 746 sq. ft. |
| Florida | $1,995 | 987 sq. ft. |
| Georgia | $1,664 | 1,030 sq. ft. |
| Idaho | $1,720 | 933 sq. ft. |
| Illinois | $2,079 | 842 sq. ft. |
| Indiana | $1,355 | 912 sq. ft. |
| Iowa | $1,259 | 901 sq. ft. |
| Kansas | $1,352 | 910 sq. ft. |
| Kentucky | $1,346 | 937 sq. ft. |
| Louisiana | $1,264 | 915 sq. ft. |
| Maine | $2,104 | 833 sq. ft. |
| Maryland | $1,906 | 908 sq. ft. |
| Massachusetts | $2,852 | 881 sq. ft. |
| Michigan | $1,437 | 920 sq. ft. |
| Minnesota | $1,674 | 896 sq. ft. |
| Mississippi | $1,347 | 1,012 sq. ft. |
| Missouri | $1,392 | 904 sq. ft. |
| Montana | $1,812 | 904 sq. ft. |
| Nebraska | $1,375 | 932 sq. ft. |
| Nevada | $1,568 | 912 sq. ft. |
| New Hampshire | $2,214 | 888 sq. ft. |
| New Jersey | $2,471 | 873 sq. ft. |
| New Mexico | $1,444 | 840 sq. ft. |
| New York | $2,721 | 878 sq. ft. |
| North Carolina | $1,576 | 981 sq. ft. |
| North Dakota | $1,237 | 975 sq. ft. |
| Ohio | $1,364 | 903 sq. ft. |
| Oklahoma | $1,090 | 859 sq. ft. |
| Oregon | $1,751 | 844 sq. ft. |
| Pennsylvania | $1,834 | 891 sq. ft. |
| Rhode Island | $2,243 | 918 sq. ft. |
| South Carolina | $1,658 | 1,019 sq. ft. |
| South Dakota | $1,220 | 913 sq. ft. |
| Tennessee | $1,556 | 955 sq. ft. |
| Texas | $1,453 | 894 sq. ft. |
| Utah | $1,678 | 937 sq. ft. |
| Virginia | $2,016 | 925 sq. ft. |
| Washington | $2,055 | 831 sq. ft. |
| Wisconsin | $1,665 | 927 sq. ft. |
/
/
Popular Cities in Minnesota
- Apartments in Anoka $1,427
- Apartments in Apple Valley $1,801
- Apartments in Blaine $1,777
- Apartments in Bloomington $1,699
- Apartments in Brooklyn Park $1,409
- Apartments in Burnsville $1,560
- Apartments in Coon Rapids $1,507
- Apartments in Duluth $1,680
- Apartments in Eagan $1,663
- Apartments in Eden Prairie $1,819
- Apartments in Edina $1,879
- Apartments in Fridley $1,480
- Apartments in Golden Valley $1,987
- Apartments in Hastings $1,421
- Apartments in Inver Grove Heights $1,740
- Apartments in Lakeville $1,960
- Apartments in Mankato $1,381
- Apartments in Maplewood $1,466
- Apartments in Minneapolis $1,718
- Apartments in Minnetonka $2,049
- Apartments in Moorhead $1,174
- Apartments in New Brighton $1,374
- Apartments in Rochester $1,715
- Apartments in Rosemount $2,062
- Apartments in Roseville $1,469
- Apartments in Sartell $1,338
- Apartments in Sauk Rapids $1,173
- Apartments in Shakopee $1,763
- Apartments in Shoreview $1,748
- Apartments in St. Cloud $1,218
- Apartments in St. Louis Park $1,811
- Apartments in St. Paul $1,541
- Apartments in West St. Paul $1,400
- Apartments in Woodbury $2,173
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Minnesota apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.