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 18 listings with an average rent of $1,913. Next up is Uptown Minneapolis , where apartments go for $1,584/month, followed by Downtown Minneapolis with $1,645 If you’re looking to rent in Minneapolis’s most popular neighborhoods, make sure to also check out Whittier , where renters pay $1,463 on average, and Brooklyn Center , where the average monthly rent is $1,183.

What is the average rent in Minneapolis?

The average rent for an apartment in Minneapolis is $1,680. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Minneapolis, MN

Last updated July 2023

Average Rent	Average Apartment Size
$1,680	775 sq. ft.

What is the average apartment size in Minneapolis?

The average size for a Minneapolis, MN apartment is 775 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

94,741 or 52% of the households in Minneapolis, MN are renter-occupied while 87,678 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

Neighborhood	Average Rent
Como	$2,075
Dinkytown	$2,075
Marcy Holmes	$2,075
Prospect Park East River Road	$2,075
Nicollet Island - East Bank	$2,033
North Loop	$1,913
Beltrami	$1,903
Mid - City Industrial	$1,903
Sheridan	$1,903
St. Anthony East	$1,903
St. Anthony West	$1,903
Cedar - Isles - Dean	$1,897
West Calhoun	$1,897
Linden Hills	$1,880
Bryn - Mawr	$1,871
Kenwood	$1,871
University of Minnesota	$1,862
ECCO	$1,784
Holland	$1,673
Logan Park	$1,673
Northeast Park	$1,673
Downtown Minneapolis	$1,645
CARAG	$1,603
East Harriet	$1,603
Lyndale	$1,603
Central Minneapolis	$1,585
Uptown Minneapolis	$1,584
Lynnhurst	$1,542
Cooper	$1,480
Howe	$1,480
Longfellow	$1,480
Phillips West	$1,465
Whittier	$1,463
Corcoran	$1,461
Ericsson	$1,461
Standish	$1,461
Hiawatha	$1,441
Bancroft	$1,404
Bryant	$1,404
Powderhorn Park	$1,404
Robbinsdale	$1,382
Cedar Riverside	$1,356
Loring Park	$1,356
Lowry Hill	$1,356
Harrison	$1,349
St. Anthony	$1,325
Seward	$1,323
Stevens Square - Loring Heights	$1,320
Northrop	$1,318
Fulton	$1,316
Audubon Park	$1,309
Bottineau	$1,309
Columbia Park	$1,309
Marshall Terrace	$1,309
Waite Park	$1,309
Windom Park	$1,309
Sumner - Glenwood	$1,302
Regina	$1,274
Hawthorne	$1,272
Jordan	$1,272
Near North Minneapolis	$1,272
Willard - Hay	$1,272
East Phillips	$1,266
Midtown Phillips	$1,266
Field	$1,250
Ventura Village	$1,243
Richfield	$1,236
Armatage	$1,227
Shingle Creek	$1,205
Kenny	$1,204
King Field	$1,204
Tangletown	$1,204
Windom	$1,204
Lind - Bohanon	$1,192
Brooklyn Center	$1,183
Diamond Lake	$1,177
Page	$1,177
Hale	$975
Keewaydin	$975
Minnehaha	$975
Morris Park	$975
Wenoah	$975
Cleveland	$941
Folwell	$941
McKinley	$941
Victory	$941
Webber - Camden	$941

What are the most affordable neighborhoods in Minneapolis?

The most affordable neighborhoods in Minneapolis are Cleveland, where the average rent goes for $941/month, Folwell, where renters pay $941/mo on average, and McKinley, where the average rent goes for $941/mo. If you’re looking for other great deals, check out the listings from Victory ($941), Webber - Camden ($941), and Hale ($975), where the asking prices are below the average Minneapolis rent of $1,680/mo.

What are the most expensive neighborhoods in Minneapolis?

The most expensive neighborhoods in Minneapolis are Dinkytown ($2,075), Marcy Holmes ($2,075) and Prospect Park East River Road ($2,075).

What are the most popular neighborhoods in Minneapolis?

The most popular neighborhood in Minneapolis is North Loop, where there are 18 listings with an average rent of $1,913. Next up is Uptown Minneapolis, where apartments go for $1,584/month, followed by Downtown Minneapolis with $1,645 If you’re looking to rent in Minneapolis’s most popular neighborhoods, make sure to also check out Whittier, where renters pay $1,463 on average, and Brooklyn Center, where the average monthly rent is $1,183.

Minneapolis | Rent Comparison by Neighborhood

Rent in Armatage is 6% lower than in Audubon Park

$1,227

Armatage rent is 27% lower than Minneapolis average

Average Rent	$1,227

$1,309

Audubon Park rent is 22% lower than Minneapolis average

Average Rent	$1,309

How Minneapolis Compares to Other Cities

City	Average Rent
Minneapolis	$1,680
St. Paul	$1,426
Moorhead	$1,014
Rochester	$1,489
St. Louis Park	$1,802
St. Cloud	$1,069
Bloomington	$1,686
Edina	$1,727
Coon Rapids	$1,363
Minnetonka	$1,651
Plymouth	$1,602
Burnsville	$1,468
Eden Prairie	$1,704
Eagan	$1,561
Maplewood	$1,236
Hopkins	$1,669
West St. Paul	$1,305
Roseville	$1,328
Brooklyn Center	$1,183
Maple Grove	$1,839
Brooklyn Park	$1,251

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 $101.2. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.