Plymouth, MN Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Plymouth is $1,706, a 4.39% increase compared to the previous year, when the average rent was $1,635.
Studio Apartments at $1,197 offer the most budget-friendly option with 540 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 801 square feet for $1,506, balancing privacy and affordability.
Two-beedroom units at $1,812 offer 1,113 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,341 sq ft) for $2,309, suitable for larger households.
Average rent in Plymouth, MN
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,706 | 992 sq. ft. |
| Studio | $1,197 | 540 sq. ft. |
| 1 Bed | $1,506 | 801 sq. ft. |
| 2 Beds | $1,812 | 1,113 sq. ft. |
| 3 Beds | $2,309 | 1,341 sq. ft. |
Plymouth, MN rent trends
Rental prices in Plymouth, MN have increased by 4.39% over the past year. The average rent moved from $1,635 to $1,706.
What's the typical rent budget in Plymouth, MN?
The largest share of rentals in Plymouth, MN (54%) 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 Plymouth, MN?
8,218 or 25% of the households in Plymouth, MN are renter-occupied while 24,207 or 75% are owner-occupied.
Most affordable neighborhoods in Plymouth?
Excelsior $1,298/month
New Hope $1,407/month
Wayzata $1,485/month
All of these neighborhoods fall below the city wide average of $1,706/month.Most expensive neighborhoods in Plymouth?
Rogers $1,810/month
Champlin $1,878/month
Maple Grove $2,158/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Plymouth, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Maple Grove | $2,158 |
| Champlin | $1,878 |
| Rogers | $1,810 |
| Spring Park | $1,669 |
| Osseo | $1,495 |
| Wayzata | $1,485 |
| New Hope | $1,407 |
| Excelsior | $1,298 |
/
Plymouth | Rent Comparison by Neighborhood
Rent in Champlin is 45% higher than in Excelsior
$1,878
Champlin rent is 10% higher than Plymouth average
Average Rent
$1,878
$1,298
Excelsior rent is 24% lower than Plymouth average
Average Rent
$1,298
How Plymouth Compares to Other Cities
| City | Average Rent |
|---|---|
| Plymouth | $1,706 |
| Minneapolis | $1,681 |
| St. Paul | $1,524 |
| Moorhead | $1,088 |
| Rochester | $1,663 |
| Bloomington | $1,661 |
| Mankato | $1,387 |
| St. Louis Park | $1,796 |
| Edina | $1,862 |
| St. Cloud | $1,157 |
| Minnetonka | $1,923 |
| Eden Prairie | $1,781 |
| Coon Rapids | $1,435 |
| Roseville | $1,433 |
| Chaska, MN | $1,714 |
| Hopkins, MN | $1,593 |
| Brooklyn Park | $1,337 |
| Fridley, MN | $1,486 |
| Maple Grove, MN | $2,158 |
| Blaine, MN | $1,666 |
| Richfield, MN | $1,443 |
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 Plymouth 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.