What is the average apartment size in University of Minnesota, Minneapolis, MN?

The average size for a University of Minnesota, Minneapolis, MN apartment is 697 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 University of Minnesota?

As of Oct / 2025, the average rent in University of Minnesota is $1,947 per month, a 2.92% decrease from last year’s average of $2,006.

How much does rent cost by apartment size in University of Minnesota?

In University of Minnesota, studios rent for $1,422 per month, one-bedroom units average $1,590 per month, two-bedrooms cost around $2,125 per month, and three-bedroom apartments rent for about $3,027 per month

What is the average apartment size in University of Minnesota?

The typical apartment in University of Minnesota offers about 697 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in University of Minnesota?

Studio apartments in University of Minnesota average 388 sq. ft., one-bedrooms offer 513 sq. ft., two-bedrooms are about 859 sq. ft., and three-bedroom apartments average 1,016 sq. ft.

University of Minnesota, Minneapolis, MN Rental Market Trends

Q: What's the typical rent budget in University of Minnesota?

The typical rent budget in University of Minnesota ranges from $1,001 to $1,500 per month, with 36% of rentals in this range.

Q: Do most people rent or own in University of Minnesota?

In University of Minnesota, 87% of households rent while 13% 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 University of Minnesota is $1,947, a 2.92% decrease compared to the previous year, when the average rent was $2,006.

Studio Apartments at $1,422 offer the most budget-friendly option with 388 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 513 square feet for $1,590, balancing privacy and affordability.

Two-beedroom units at $2,125 offer 859 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,016 sq ft) for $3,027, suitable for larger households.

Average rent in University of Minnesota, Minneapolis, MN

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,947	697 sq. ft.
Studio	$1,422	388 sq. ft.
1 Bed	$1,590	513 sq. ft.
2 Beds	$2,125	859 sq. ft.
3 Beds	$3,027	1,016 sq. ft.

University of Minnesota, Minneapolis, MN rent trends

Rental prices in University of Minnesota, Minneapolis, MN have decreased by 2.92% over the past year. The average rent moved from $2,006 to $1,947.

What's the typical rent budget in University of Minnesota, Minneapolis, MN?

The largest share of rentals in University of Minnesota, Minneapolis, MN (36%) 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 University of Minnesota, Minneapolis, MN?

1,501 or 87% of the households in University of Minnesota, Minneapolis, MN are renter-occupied while 223 or 13% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in University of Minnesota?

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 University of Minnesota?

Dinkytown $2,093/month

Nicollet Island - East Bank $2,096/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
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 Brooklyn Center is 19% lower than in Bryn - Mawr

$1,317

Brooklyn Center rent is 32% lower than Minneapolis average

Average Rent $1,317

$1,624

Bryn - Mawr rent is 17% lower than Minneapolis average

Average Rent $1,624

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 University of Minnesota 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.