Loring Park, Minneapolis, MN Rental Market Trends
Last updated: November 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Loring Park is $1,452, a 0.79% increase compared to the previous year, when the average rent was $1,440.
Studio Apartments at $1,043 offer the most budget-friendly option with 486 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 666 square feet for $1,389, balancing privacy and affordability.
Two-bedroom units at $1,949 offer 1,063 square feet, perfect for roommates or small families.
Average rent in Loring Park, Minneapolis, MN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,452 | 723 sq. ft. |
| Studio | $1,043 | 486 sq. ft. |
| 1 Bed | $1,389 | 666 sq. ft. |
| 2 Beds | $1,949 | 1,063 sq. ft. |
| 3 Beds | n/a | n/a |
Loring Park, Minneapolis, MN rent trends
Rental prices in Loring Park, Minneapolis, MN have increased by 0.79% over the past year. The average rent moved from $1,440 to $1,452.
What's the typical rent budget in Loring Park, Minneapolis, MN?
The largest share of rentals in Loring Park, Minneapolis, MN (42%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Loring Park, Minneapolis, MN?
2,843 or 75% of the households in Loring Park, Minneapolis, MN are renter-occupied while 949 or 25% are owner-occupied.
Most affordable neighborhoods in Loring Park?
Ventura Village $1,048/month
Stevens Square - Loring Heights $1,051/month
Wenoah $1,191/month
All of these neighborhoods fall below the city wide average of $1,718/month.Most expensive neighborhoods in Loring Park?
North Loop $2,156/month
Nicollet Island - East Bank $2,215/month
Cedar - Isles - Dean $2,544/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 | $2,544 |
| Nicollet Island - East Bank | $2,215 |
| North Loop | $2,156 |
| Dinkytown | $2,098 |
| Marcy Holmes | $2,021 |
| Downtown Minneapolis | $2,009 |
| Ericsson | $1,926 |
| Prospect Park East River Road | $1,892 |
| Near North Minneapolis | $1,848 |
| Bryn - Mawr | $1,832 |
| Sheridan | $1,777 |
| Uptown Minneapolis | $1,734 |
| Hiawatha | $1,727 |
| King Field | $1,706 |
| Standish | $1,693 |
| St. Anthony | $1,681 |
| Holland | $1,627 |
| West Calhoun | $1,617 |
| Midtown Phillips | $1,617 |
| Marshall Terrace | $1,563 |
| Robbinsdale | $1,524 |
| Cedar Riverside | $1,498 |
| Harrison | $1,489 |
| Lowry Hill | $1,460 |
| Loring Park | $1,452 |
| Richfield | $1,449 |
| Windom | $1,433 |
| Corcoran | $1,428 |
| Bottineau | $1,402 |
| Howe | $1,379 |
| Phillips West | $1,364 |
| Windom Park | $1,362 |
| Brooklyn Center | $1,354 |
| Whittier | $1,333 |
| Linden Hills | $1,301 |
| Longfellow | $1,300 |
| Tangletown | $1,287 |
| Seward | $1,203 |
| Wenoah | $1,191 |
| Stevens Square - Loring Heights | $1,051 |
| Ventura Village | $1,048 |
Minneapolis | Rent Comparison by Neighborhood
Rent in Loring Park is 4% higher than in Bottineau
Loring Park rent is the same as Minneapolis average
Bottineau rent is 3% lower than Minneapolis average
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 Loring Park 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.