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

The average size for a Downtown Minneapolis, Minneapolis, MN apartment is 793 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 Mar / 2026, the average rent in Downtown Minneapolis is $1,971 per month, a 3.19% increase from last years average of $1,910.

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

In Downtown Minneapolis, studios rent for $1,362 per month, one-bedroom units average $1,760 per month, two-bedrooms cost around $2,742 per month.

What is the average apartment size in Downtown Minneapolis?

The typical apartment in Downtown Minneapolis offers about 793 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 709 sq. ft., two-bedrooms are about 1,140 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: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Minneapolis is $1,971, a 3.19% increase compared to the previous year, when the average rent was $1,910.

Studio Apartments at $1,362 offer the most budget-friendly option with 490 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 709 square feet for $1,760, balancing privacy and affordability.

Two-beedroom units at $2,742 offer 1,140 square feet, perfect for roommates or small families.

Average rent in Downtown Minneapolis, Minneapolis, MN

Last updated: April 22, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,971	793 sq. ft.
Studio	$1,362	490 sq. ft.
1 Bed	$1,760	709 sq. ft.
2 Beds	$2,742	1,140 sq. ft.
3 Beds	n/a	n/a

Downtown Minneapolis, Minneapolis, MN rent trends

Rental prices in Downtown Minneapolis, Minneapolis, MN have increased by 3.19% over the past year. The average rent moved from $1,910 to $1,971.

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.

Most affordable neighborhoods in Downtown Minneapolis?

Stevens Square - Loring Heights $1,036/month

Wenoah $1,094/month

Ventura Village $1,137/month

All of these neighborhoods fall below the city wide average of $1,683/month.

Most expensive neighborhoods in Downtown Minneapolis?

North Loop $2,103/month

Nicollet Island - East Bank $2,129/month

Cedar - Isles - Dean $2,559/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	$2,559
Nicollet Island - East Bank	$2,129
North Loop	$2,103
Dinkytown	$2,094
Downtown Minneapolis	$1,971
Marcy Holmes	$1,956
Prospect Park East River Road	$1,865
Ericsson	$1,838
Near North Minneapolis	$1,745
Sheridan	$1,726
Bryn - Mawr	$1,709
Uptown Minneapolis	$1,702
Hiawatha	$1,701
Standish	$1,657
St. Anthony	$1,656
Marshall Terrace	$1,620
King Field	$1,606
Midtown Phillips	$1,604
West Calhoun	$1,595
Holland	$1,539
Harrison	$1,513
Bottineau	$1,493
Robbinsdale	$1,489
Windom	$1,446
Cedar Riverside	$1,445
Loring Park	$1,434
Richfield	$1,407
Lowry Hill	$1,406
Howe	$1,374
Corcoran	$1,369
Phillips West	$1,362
Brooklyn Center	$1,339
Linden Hills	$1,325
Whittier	$1,316
Longfellow	$1,304
Tangletown	$1,266
Seward	$1,241
Ventura Village	$1,137
Wenoah	$1,094
Stevens Square - Loring Heights	$1,036

Minneapolis | Rent Comparison by Neighborhood

Rent in Downtown Minneapolis is 32% higher than in Bottineau

$1,971

Downtown Minneapolis rent is the same as Minneapolis average

Average Rent $1,971

$1,493

Bottineau rent is 24% lower than Minneapolis average

Average Rent $1,493

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.