Hiawatha, Minneapolis, MN Rental Market Trends
Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Hiawatha is $1,701, a 0.16% increase compared to the previous year, when the average rent was $1,698.
One-bedroom apartments provide 708 square feet for $1,579, balancing privacy and affordability.
Two-beedroom units at $2,307 offer 1,138 square feet, perfect for roommates or small families.
Average rent in Hiawatha, Minneapolis, MN
Last updated: April 23, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,701 | 780 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,579 | 708 sq. ft. |
| 2 Beds | $2,307 | 1,138 sq. ft. |
| 3 Beds | n/a | n/a |
Hiawatha, Minneapolis, MN rent trends
Rental prices in Hiawatha, Minneapolis, MN have increased by 0.16% over the past year. The average rent moved from $1,698 to $1,701.
What's the typical rent budget in Hiawatha, Minneapolis, MN?
The largest share of rentals in Hiawatha, Minneapolis, MN (51%) 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?
1,008 or 30% of the households in Hiawatha, Minneapolis, MN are renter-occupied while 2,369 or 70% are owner-occupied.
Most affordable neighborhoods in Hiawatha?
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 Hiawatha?
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 |
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Minneapolis | Rent Comparison by Neighborhood
Rent in Hiawatha is 14% higher than in Bottineau
$1,701
Hiawatha rent is the same as Minneapolis average
Average Rent
$1,701
$1,493
Bottineau rent is 12% 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 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.