Bloomington, MN Rental Market Trends

Highlights

The average rent for an apartment in Bloomington is $1,388, a 3% increase compared to the previous year, when the average rent was $1,348.

Average Rent in Bloomington, MN

Last updated Jul 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,388 3% 926 sq. ft.

The average size for a Bloomington, MN apartment is 926 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-$1,0009%
  • $1,001-$1,50060%
  • $1,501-$2,00025%
  • > $2,0006%

Bloomington, MN Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Sept / 2018 Jul / 2019
Bloomington, MN $1,207 $1,237 $1,239 $1,259 $1,314 $1,311 $1,348 $1,348 $1,385 $1,388
National $1,313 $1,342 $1,344 $1,348 $1,377 $1,378 $1,386 $1,420 $1,425 $1,432
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Average Rent in Bloomington, MN By Neighborhood

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The most affordable neighborhoods in Bloomington are Excelsior, where the average rent goes for $934/month, Greenwood, where renters pay $934/mo on average, and Tonka Bay, where the average rent goes for $934/mo. If you’re looking for other great deals, check out the listings from Champlin ($943), Minnetrista ($963), and Shorewood ($963), where the asking prices are below the average Bloomington rent of $1,388/mo.

The most expensive neighborhoods in Bloomington are Osseo ($1,495), Maple Grove ($1,504) and St. Louis Park ($1,574).

Bloomington | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Brooklyn Center is 5% lower than in Brooklyn Park

$1,031

Brooklyn Center rent is 26% lower than Bloomington average

Average Rent $1,031
$1,085

Brooklyn Park rent is 22% lower than Bloomington average

Average Rent $1,085

How Does Bloomington Compare to Nearby Cities

Average Rent Y-o-Y Change
Minneapolis $1,475 4%
St. Louis Park $1,574 4%
Bloomington $1,388 3%
Edina $1,452 7%
Plymouth $1,353 4%
Minnetonka $1,406 11%
St. Anthony $1,176 5%
Eden Prairie $1,428 8%
Brooklyn Center $1,031 6%
Maple Grove $1,504 2%

For more information about the Bloomington rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Bloomington apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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