Minneapolis, MN Rental Market Trends

Q: What are the most popular neighborhoods in Minneapolis?

The most popular neighborhood in Minneapolis is North Loop , where there are 24 listings with an average rent of $2,054. Next up is Downtown Minneapolis , where apartments go for $1,929/month, followed by Uptown Minneapolis with $1,686 If you’re looking to rent in Minneapolis’s most popular neighborhoods, make sure to also check out Brooklyn Center , where renters pay $1,347 on average, and Whittier , where the average monthly rent is $1,302.

What is the average rent in Minneapolis?

The average rent for an apartment in Minneapolis is $1,673. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Minneapolis, MN

Last updated April 2025

Average Rent	Average Apartment Size
$1,673	778 sq. ft.

What is the average apartment size in Minneapolis?

The average size for a Minneapolis, MN apartment is 778 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.

Minneapolis, MN apartment rent ranges

Minneapolis, MN Occupied Housing Units

98,258 or 52% of the households in Minneapolis, MN are renter-occupied while 90,686 or 48% are owner-occupied.

Minneapolis, MN rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Minneapolis, MN By Neighborhood

City	Average Rent
Cedar - Isles - Dean	$2,559
Dinkytown	$2,211
St. Anthony West	$2,197
Nicollet Island - East Bank	$2,070
North Loop	$2,054
University of Minnesota	$2,002
Marcy Holmes	$1,948
Downtown Minneapolis	$1,929
Prospect Park East River Road	$1,821
Ericsson	$1,802
Bryn - Mawr	$1,749
Sheridan	$1,722
Hiawatha	$1,709
Uptown Minneapolis	$1,686
St. Anthony	$1,612
West Calhoun	$1,609
Standish	$1,581
Marshall Terrace	$1,576
Midtown Phillips	$1,566
Holland	$1,508
Robbinsdale	$1,492
Cedar Riverside	$1,454
Near North Minneapolis	$1,453
Loring Park	$1,448
Windom	$1,421
Richfield	$1,410
Linden Hills	$1,395
Lowry Hill	$1,383
Brooklyn Center	$1,347
Howe	$1,342
Harrison	$1,330
Windom Park	$1,305
Whittier	$1,302
Phillips West	$1,281
Longfellow	$1,275
CARAG	$1,223
Seward	$1,203
Ventura Village	$1,162
Tangletown	$1,152
Stevens Square - Loring Heights	$1,125

What are the most affordable neighborhoods in Minneapolis?

The most affordable neighborhoods in Minneapolis are Stevens Square - Loring Heights, where the average rent goes for $1,125/month, Tangletown, where renters pay $1,152/mo on average, and Ventura Village, where the average rent goes for $1,162/mo. If you’re looking for other great deals, check out the listings from Seward ($1,203), CARAG ($1,223), and Longfellow ($1,275), where the asking prices are below the average Minneapolis rent of $1,673/mo.

What are the most expensive neighborhoods in Minneapolis?

The most expensive neighborhoods in Minneapolis are St. Anthony West ($2,197), Dinkytown ($2,211) and Cedar - Isles - Dean ($2,559).

What are the most popular neighborhoods in Minneapolis?

The most popular neighborhood in Minneapolis is North Loop, where there are 24 listings with an average rent of $2,054. Next up is Downtown Minneapolis, where apartments go for $1,929/month, followed by Uptown Minneapolis with $1,686 If you’re looking to rent in Minneapolis’s most popular neighborhoods, make sure to also check out Brooklyn Center, where renters pay $1,347 on average, and Whittier, where the average monthly rent is $1,302.

Minneapolis | Rent Comparison by Neighborhood

Rent in Brooklyn Center is 23% lower than in Bryn - Mawr

$1,347

Brooklyn Center rent is 20% lower than Minneapolis average

Average Rent $1,347

$1,749

Bryn - Mawr rent is 5% higher than Minneapolis average

Average Rent $1,749

How Minneapolis Compares to Other Cities

State	Average Rent
Minneapolis	$1,673
St. Paul	$1,509
Moorhead	$1,086
Rochester	$1,616
Bloomington	$1,636
St. Louis Park	$1,762
St. Cloud	$1,133
Edina	$1,842
Minnetonka	$1,902
Woodbury	$2,024
Burnsville	$1,535
Plymouth, MN	$1,681
Eagan	$1,672
Eden Prairie	$1,765
Coon Rapids	$1,423
Maplewood	$1,467
Hopkins, MN	$1,555
West St. Paul	$1,338
Brooklyn Center, MN	$1,347
Maple Grove, MN	$2,031
White Bear Lake, MN	$1,554

What is the average price for a storage unit in Minneapolis?

The average rent for a non-climate-controlled 10'x10' storage unit in Minneapolis is $123.93. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.