Bloomington, MN Rental Market Trends
Highlights
The average rent for an apartment in Bloomington is $1,440, a 1% decrease compared to the previous year, when the average rent was $1,448.
Average Rent in Bloomington, MN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,440 | -1% | 930 sq. ft. |
The average size for a Bloomington, MN apartment is 930 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Bloomington, MN Apartment Rent Ranges
- $701-$1,0007%
- $1,001-$1,50060%
- $1,501-$2,00026%
- > $2,0007%
Bloomington, MN Occupied Housing Units
- Renter-occupied Households39%
- Owner-occupied Households60%
14,244 or 39% of the households in Bloomington, MN are renter-occupied while 21,589 or 60% are owner-occupied.
Bloomington, MN Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Bloomington, MN | $1,348 | $1,348 | $1,385 | $1,388 | $1,420 | $1,448 | $1,451 | $1,445 | $1,440 |
| National | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |
Average Rent in Bloomington, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Dayton | $1,653 |
| Osseo | $1,653 |
| Maple Grove | $1,641 |
| Corcoran | $1,616 |
| Rogers | $1,616 |
| St. Louis Park | $1,613 |
| Minneapolis | $1,568 |
| Golden Valley | $1,526 |
| Edina | $1,497 |
| Hopkins | $1,473 |
| Eden Prairie | $1,462 |
| Minnetonka | $1,455 |
| Plymouth | $1,428 |
| Spring Park | $1,424 |
| Medicine Lake | $1,333 |
| Robbinsdale | $1,249 |
| Mound | $1,234 |
| New Hope | $1,213 |
| St. Anthony | $1,212 |
| Minnetonka Beach | $1,184 |
| Orono | $1,184 |
| Wayzata | $1,184 |
| Woodland | $1,184 |
| Crystal | $1,159 |
| Brooklyn Park | $1,138 |
| Deephaven | $1,116 |
| Richfield | $1,091 |
| Minnetrista | $1,087 |
| Shorewood | $1,087 |
| Brooklyn Center | $1,077 |
| Excelsior | $1,031 |
| Greenwood | $1,031 |
| Tonka Bay | $1,031 |
| Champlin | $1,011 |
The most affordable neighborhoods in Bloomington are Champlin, where the average rent goes for $1,011/month, Excelsior, where renters pay $1,031/mo on average, and Greenwood, where the average rent goes for $1,031/mo. If you’re looking for other great deals, check out the listings from Tonka Bay ($1,031), Brooklyn Center ($1,077), and Minnetrista ($1,087), where the asking prices are below the average Bloomington rent of $1,440/mo.
The most expensive neighborhoods in Bloomington are Maple Grove ($1,641), Dayton ($1,653) and Osseo ($1,653).
The most popular neighborhood in Bloomington is Minneapolis, where there are 299 verified RENTCafé listings with an average rent of $1,568. Next up is Edina, where apartments go for $1,497/month, followed by St. Louis Park with $1,613 If you’re looking to rent in Bloomington’s most popular neighborhoods, make sure to also check out Plymouth, where renters pay $1,428 on average, and Minnetonka, where the average monthly rent is $1,455.
Bloomington | Rent Comparison by Neighborhood
Rent in Brooklyn Center is 5% lower than in Brooklyn Park
Brooklyn Center rent is 25% lower than Bloomington average
| Average Rent | $1,077 |
|---|
Brooklyn Park rent is 21% lower than Bloomington average
| Average Rent | $1,138 |
|---|
How Bloomington Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Minneapolis | $1,568 | -2% |
| St. Paul | $1,303 | n/a |
| St. Cloud | $881 | 2% |
| Edina | $1,497 | -1% |
| Bloomington | $1,440 | -1% |
| St. Louis Park | $1,613 | -1% |
| Plymouth | $1,428 | 1% |
| Minnetonka | $1,455 | 2% |
| Maplewood | $1,141 | 4% |
| Eagan | $1,329 | n/a |
| West St. Paul | $1,147 | 5% |
For more information about the Bloomington rental trends, check out our monthly rent report
Check out Minnesota Cities, Minnesota Neighborhoods and Minnesota Zip Codes for more details on verified listings, including the Minnesota Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!