What is the average apartment size in Downtown Minneapolis, Minneapolis, MN?

The average size for a Downtown Minneapolis, Minneapolis, MN apartment is 795 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.

What is the average rent in Downtown Minneapolis?

As of Oct / 2025, the average rent in Downtown Minneapolis is $1,969 per month, a 3.84% increase from last year’s average of $1,897.

How much does rent cost by apartment size in Downtown Minneapolis?

In Downtown Minneapolis, studios rent for $1,339 per month, one-bedroom units average $1,751 per month, two-bedrooms cost around $2,742 per month, and three-bedroom apartments rent for about $5,999 per month

What is the average apartment size in Downtown Minneapolis?

The typical apartment in Downtown Minneapolis offers about 795 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Downtown Minneapolis?

Studio apartments in Downtown Minneapolis average 490 sq. ft., one-bedrooms offer 708 sq. ft., two-bedrooms are about 1,141 sq. ft., and three-bedroom apartments average 1,969 sq. ft.

Downtown Minneapolis, Minneapolis, MN Rental Market Trends

Q: What's the typical rent budget in Downtown Minneapolis?

The typical rent budget in Downtown Minneapolis ranges from $1,501 to $2,000 per month, with 37% of rentals in this range.

Q: Do most people rent or own in Downtown Minneapolis?

In Downtown Minneapolis, 74% of households rent while 26% own their homes, based on the latest U.S. Census data.

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Minneapolis is $1,969, a 3.84% increase compared to the previous year, when the average rent was $1,897.

Studio Apartments at $1,339 offer the most budget-friendly option with 490 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 708 square feet for $1,751, balancing privacy and affordability.

Two-beedroom units at $2,742 offer 1,141 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,969 sq ft) for $5,999, suitable for larger households.

Average rent in Downtown Minneapolis, Minneapolis, MN

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,969	795 sq. ft.
Studio	$1,339	490 sq. ft.
1 Bed	$1,751	708 sq. ft.
2 Beds	$2,742	1,141 sq. ft.
3 Beds	$5,999	1,969 sq. ft.

Downtown Minneapolis, Minneapolis, MN rent trends

Rental prices in Downtown Minneapolis, Minneapolis, MN have increased by 3.84% over the past year. The average rent moved from $1,897 to $1,969.

What's the typical rent budget in Downtown Minneapolis, Minneapolis, MN?

The largest share of rentals in Downtown Minneapolis, Minneapolis, MN (37%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Downtown Minneapolis, Minneapolis, MN?

7,618 or 74% of the households in Downtown Minneapolis, Minneapolis, MN are renter-occupied while 2,626 or 26% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in Downtown Minneapolis?

Wenoah $971/month

Stevens Square - Loring Heights $1,103/month

Ventura Village $1,138/month

All of these neighborhoods fall below the city wide average of $1,674/month.

Most expensive neighborhoods in Downtown Minneapolis?

Nicollet Island - East Bank $2,096/month

St. Anthony West $2,173/month

Cedar - Isles - Dean $2,468/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Minneapolis, MN By Neighborhood

Neighborhood	Average Rent
Cedar - Isles - Dean	$2,468
St. Anthony West	$2,173
Nicollet Island - East Bank	$2,096
Dinkytown	$2,093
North Loop	$2,080
Marcy Holmes	$1,978
Downtown Minneapolis	$1,969
Prospect Park East River Road	$1,843
Ericsson	$1,829
Sheridan	$1,746
Hiawatha	$1,696
Uptown Minneapolis	$1,692
Near North Minneapolis	$1,690
King Field	$1,651
Standish	$1,640
Bryn - Mawr	$1,624
Midtown Phillips	$1,611
Marshall Terrace	$1,600
West Calhoun	$1,597
St. Anthony	$1,590
Robbinsdale	$1,538
Holland	$1,486
Loring Park	$1,434
Cedar Riverside	$1,426
Windom	$1,406
Richfield	$1,406
Harrison	$1,387
Lowry Hill	$1,359
Linden Hills	$1,344
Howe	$1,342
Phillips West	$1,327
Brooklyn Center	$1,317
Corcoran	$1,311
Longfellow	$1,303
Whittier	$1,292
Seward	$1,289
Tangletown	$1,161
CARAG	$1,158
Ventura Village	$1,138
Stevens Square - Loring Heights	$1,103
Wenoah	$971

Minneapolis | Rent Comparison by Neighborhood

Rent in Downtown Minneapolis is 49% higher than in Brooklyn Center

$1,969

Downtown Minneapolis rent is the same as Minneapolis average

Average Rent $1,969

$1,317

Brooklyn Center rent is 33% lower than Minneapolis average

Average Rent $1,317

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Minneapolis apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.