Bloomington, MN Rental Market Trends
What is the average rent in Bloomington?
The average rent for an apartment in Bloomington is $1,511. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Bloomington, MN
| Average Rent | Average Apartment Size |
|---|---|
| $1,511 | 930 sq. ft. |
What is the average apartment size in Bloomington?
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
Bloomington, MN Occupied Housing Units
14,118 or 39% of the households in Bloomington, MN are renter-occupied while 21,376 or 60% are owner-occupied.
Bloomington, MN Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Jan / 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Bloomington, MN | $1,388 | $1,420 | $1,448 | $1,451 | $1,445 | $1,440 | $1,437 | $1,479 | $1,511 |
| National | $1,344 | $1,376 | $1,384 | $1,387 | $1,379 | $1,383 | $1,393 | $1,476 | $1,572 |
Average Rent in Bloomington, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Dayton | $1,718 |
| Osseo | $1,718 |
| Maple Grove | $1,694 |
| St. Louis Park | $1,684 |
| Corcoran | $1,666 |
| Rogers | $1,666 |
| Minneapolis | $1,635 |
| Golden Valley | $1,590 |
| Edina | $1,585 |
| Hopkins | $1,563 |
| Minnetonka | $1,545 |
| Eden Prairie | $1,535 |
| Plymouth | $1,520 |
| Medicine Lake | $1,399 |
| Spring Park | $1,388 |
| Mound | $1,332 |
| Robbinsdale | $1,291 |
| New Hope | $1,279 |
| St. Anthony | $1,256 |
| Minnetonka Beach | $1,239 |
| Orono | $1,239 |
| Wayzata | $1,239 |
| Woodland | $1,239 |
| Crystal | $1,207 |
| Deephaven | $1,197 |
| Minnetrista | $1,197 |
| Shorewood | $1,197 |
| Brooklyn Park | $1,183 |
| Richfield | $1,149 |
| Excelsior | $1,146 |
| Greenwood | $1,146 |
| Tonka Bay | $1,146 |
| Brooklyn Center | $1,106 |
| Champlin | $1,042 |
What are the most affordable neighborhoods in Bloomington?
The most affordable neighborhoods in Bloomington are Champlin, where the average rent goes for $1,042/month, Brooklyn Center, where renters pay $1,106/mo on average, and Excelsior, where the average rent goes for $1,146/mo. If you’re looking for other great deals, check out the listings from Greenwood ($1,146), Tonka Bay ($1,146), and Richfield ($1,149), where the asking prices are below the average Bloomington rent of $1,511/mo.
What are the most expensive neighborhoods in Bloomington?
The most expensive neighborhoods in Bloomington are Maple Grove ($1,694), Dayton ($1,718) and Osseo ($1,718).
What are the most popular neighborhoods in Bloomington?
The most popular neighborhood in Bloomington is Minneapolis, where there are 324 verified RENTCafé listings with an average rent of $1,635. Next up is Edina, where apartments go for $1,585/month, followed by St. Louis Park with $1,684 If you’re looking to rent in Bloomington’s most popular neighborhoods, make sure to also check out Plymouth, where renters pay $1,520 on average, and Minnetonka, where the average monthly rent is $1,545.
Bloomington | Rent Comparison by Neighborhood
Rent in Brooklyn Center is 7% lower than in Brooklyn Park
Brooklyn Center rent is 27% lower than Bloomington average
| Average Rent | $1,106 |
|---|
Brooklyn Park rent is 22% lower than Bloomington average
| Average Rent | $1,183 |
|---|
How Bloomington Compares to Other Cities
| City | Average Rent |
|---|---|
| Minneapolis | $1,635 |
| St. Paul | $1,375 |
| Bloomington | $1,511 |
| Edina | $1,585 |
| St. Louis Park | $1,684 |
| St. Cloud | $948 |
| Plymouth | $1,520 |
| Minnetonka | $1,545 |
| Eagan | $1,420 |
| Maplewood | $1,180 |
| West St. Paul | $1,199 |