Plymouth, MN Rental Market Trends

Highlights

The average rent for an apartment in Plymouth is $1,419, a 5% increase compared to the previous year, when the average rent was $1,351.

Average Rent in Plymouth, MN

Last updated January 2020
Average Rent Y-o-Y Change Average Apartment Size
$1,419 5% 1,002 sq. ft.

The average size for a Plymouth, MN apartment is 1,002 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.

Plymouth, MN Apartment Rent Ranges

  • $701-$1,0009%
  • $1,001-$1,50056%
  • $1,501-$2,00030%
  • > $2,0004%

Plymouth, MN Occupied Housing Units

  • Renter-occupied Households33%
  • Owner-occupied Households66%

10,265 or 33% of the households in Plymouth, MN are renter-occupied while 20,611 or 66% are owner-occupied.

Plymouth, MN Rent Trends

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Jan / 2020
Plymouth, MN $1,255 $1,279 $1,289 $1,296 $1,296 $1,351 $1,353 $1,402 $1,419
National $1,347 $1,379 $1,381 $1,384 $1,420 $1,429 $1,433 $1,469
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Average Rent in Plymouth, MN By Neighborhood

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The most affordable neighborhoods in Plymouth are Excelsior, where the average rent goes for $981/month, Greenwood, where renters pay $981/mo on average, and Tonka Bay, where the average rent goes for $981/mo. If you’re looking for other great deals, check out the listings from Champlin ($987), Minnetrista ($1,039), and Shorewood ($1,039), where the asking prices are below the average Plymouth rent of $1,419/mo.

The most expensive neighborhoods in Plymouth are Maple Grove ($1,620), Dayton ($1,630) and Osseo ($1,630).

The most popular neighborhood in Plymouth is New Hope, where there are 7 verified RENTCafé listings with an average rent of $1,175. Next up is Maple Grove, where apartments go for $1,620/month, followed by Rogers with $1,442 If you’re looking to rent in Plymouth’s most popular neighborhoods, make sure to also check out Champlin, where renters pay $987 on average, and Mound, where the average monthly rent is $1,193.

Plymouth | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Champlin is 32% lower than in Corcoran

$987

Champlin rent is 30% lower than Plymouth average

Average Rent $987
$1,442

Corcoran rent is 2% higher than Plymouth average

Average Rent $1,442

How Plymouth Compares to Other Cities

Average Rent Y-o-Y Change
Minneapolis $1,590 3%
St. Paul $1,298 4%
Bloomington $1,448 5%
St. Louis Park $1,622 4%
Plymouth $1,419 5%
Edina $1,509 5%
Minnetonka $1,427 5%
Brooklyn Center $1,054 5%
Eden Prairie $1,489 6%
Hopkins $1,435 5%
Golden Valley $1,527 4%

For more information about the Plymouth rental trends, check out our monthly rent report

Check out Minnesota Cities, Minnesota Neighborhoods and Minnesota Zip Codes for more details on verified listings, including the Minnesota Average Rent.

Curious about listings in your area? Check out our apartments near you for more details!

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Plymouth apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.