Hiawatha, Minneapolis, MN Rental Market Trends
Last updated: September 06, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Hiawatha is $1,726, a 1.39% increase compared to the previous year, when the average rent was $1,702.
One-bedroom apartments provide 716 square feet for $1,595, balancing privacy and affordability.
Two-bedroom units at $2,323 offer 1,139 square feet, perfect for roommates or small families.
Average rent in Hiawatha, Minneapolis, MN
Last updated: September 06, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,726 | 789 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,595 | 716 sq. ft. |
| 2 Beds | $2,323 | 1,139 sq. ft. |
| 3 Beds | n/a | n/a |
Hiawatha, Minneapolis, MN rent trends
Rental prices in Hiawatha, Minneapolis, MN have increased by 1.39% over the past year. The average rent moved from $1,702 to $1,726.
What's the typical rent budget in Hiawatha, Minneapolis, MN?
The largest share of rentals in Hiawatha, Minneapolis, MN (49%) 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 Hiawatha, Minneapolis, MN?
1,037 or 30% of the households in Hiawatha, Minneapolis, MN are renter-occupied while 2,390 or 70% are owner-occupied.
Most affordable neighborhoods in Hiawatha?
Stevens Square - Loring Heights $1,053/month
Ventura Village $1,080/month
Wenoah $1,192/month
All of these neighborhoods fall below the city wide average of $1,710/month.Most expensive neighborhoods in Hiawatha?
North Loop $2,159/month
Nicollet Island - East Bank $2,212/month
Cedar - Isles - Dean $2,565/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 | $2,565 |
| Nicollet Island - East Bank | $2,212 |
| North Loop | $2,159 |
| Dinkytown | $2,098 |
| Marcy Holmes | $2,019 |
| Downtown Minneapolis | $2,016 |
| Ericsson | $1,904 |
| Prospect Park East River Road | $1,888 |
| Near North Minneapolis | $1,852 |
| Bryn - Mawr | $1,820 |
| Sheridan | $1,782 |
| Uptown Minneapolis | $1,734 |
| Hiawatha | $1,726 |
| King Field | $1,705 |
| Standish | $1,692 |
| St. Anthony | $1,687 |
| Holland | $1,628 |
| West Calhoun | $1,626 |
| Midtown Phillips | $1,617 |
| Marshall Terrace | $1,550 |
| Robbinsdale | $1,523 |
| Cedar Riverside | $1,502 |
| Harrison | $1,489 |
| Lowry Hill | $1,457 |
| Richfield | $1,449 |
| Loring Park | $1,448 |
| Corcoran | $1,441 |
| Windom | $1,435 |
| Bottineau | $1,402 |
| Windom Park | $1,393 |
| Howe | $1,385 |
| Phillips West | $1,369 |
| Brooklyn Center | $1,361 |
| Whittier | $1,334 |
| Longfellow | $1,304 |
| Linden Hills | $1,302 |
| Tangletown | $1,301 |
| Seward | $1,203 |
| Wenoah | $1,192 |
| Ventura Village | $1,080 |
| Stevens Square - Loring Heights | $1,053 |
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Minneapolis | Rent Comparison by Neighborhood
Rent in Hiawatha is 23% higher than in Bottineau
$1,726
Hiawatha rent is the same as Minneapolis average
Average Rent
$1,726
$1,402
Bottineau rent is 19% lower than Minneapolis average
Average Rent
$1,402
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 Hiawatha 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.