Bloomington, MN Rental Market Trends
Highlights
The average rent for an apartment in Bloomington is $1,385, a 6% increase compared to the previous year, when the average rent was $1,311.
Average Rent in Bloomington, MN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,385 | 6% | 929 sq. ft. |
The average size for a Bloomington, MN apartment is 929 square feet, but this number varies greatly depending on apartment type. 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-$1,00014%
- $1,001-$1,50058%
- $1,501-$2,00022%
- > $2,0006%
Bloomington, MN Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Feb / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Bloomington, MN | $1,207 | $1,237 | $1,239 | $1,259 | $1,314 | $1,311 | $1,348 | $1,348 | $1,385 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
Average Rent in Bloomington, MN By Neighborhood
| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | Average Rent | ||||
| Champlin | $923 | ||||
| Tonka Bay | $926 | ||||
| Greenwood | $926 | ||||
| Excelsior | $926 | ||||
| Shorewood | $946 | ||||
| Minnetrista | $946 | ||||
| Mound | $999 | ||||
| Brooklyn Center | $1,002 | ||||
| Brooklyn Park | $1,015 | ||||
| Deephaven | $1,044 | ||||
| Crystal | $1,070 | ||||
| Richfield | $1,086 | ||||
| New Hope | $1,116 | ||||
| St. Anthony | $1,127 | ||||
| Woodland | $1,139 | ||||
| Wayzata | $1,139 | ||||
| Orono | $1,139 | ||||
| Minnetonka Beach | $1,139 | ||||
| Robbinsdale | $1,157 | ||||
| Spring Park | $1,254 | ||||
| Medicine Lake | $1,263 | ||||
| Plymouth | $1,351 | ||||
| Minnetonka | $1,354 | ||||
| Hopkins | $1,363 | ||||
| Rogers | $1,405 | ||||
| Corcoran | $1,405 | ||||
| Eden Prairie | $1,407 | ||||
| Edina | $1,438 | ||||
| Minneapolis | $1,457 | ||||
| Golden Valley | $1,463 | ||||
| Maple Grove | $1,489 | ||||
| Osseo | $1,497 | ||||
| Dayton | $1,497 | ||||
| St. Louis Park | $1,559 | ||||
The most affordable neighborhoods in Bloomington are Champlin, where the average rent goes for $923/month, Excelsior, where renters pay $926/mo on average, and Greenwood, where the average rent goes for $926/mo. If you’re looking for other great deals, check out the listings from Tonka Bay ($926), Minnetrista ($946), and Shorewood ($946), where the asking prices are below the average Bloomington rent of $1,385/mo.
The most expensive neighborhoods in Bloomington are Dayton ($1,497), Osseo ($1,497) and St. Louis Park ($1,559).
Bloomington | Rent Comparison by Neighborhood
Rent in Brooklyn Center is 1% lower than in Brooklyn Park
Brooklyn Center rent is 28% lower than Bloomington average
| Average Rent | $1,002 |
|---|
Brooklyn Park rent is 27% lower than Bloomington average
| Average Rent | $1,015 |
|---|
How Does Bloomington Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Minneapolis | $1,457 | 5% |
| St. Louis Park | $1,559 | 5% |
| Edina | $1,438 | 9% |
| Minnetonka | $1,354 | 7% |
| Brooklyn Park | $1,015 | 4% |
| St. Anthony | $1,127 | 5% |
| Hopkins | $1,363 | 7% |
| Plymouth | $1,351 | 5% |
| Eden Prairie | $1,407 | 8% |
| Bloomington | $1,385 | 6% |
For more information about the Bloomington rental trends, check out our monthly rent report