Plymouth, MN Rental Market Trends
Highlights
The average rent for an apartment in Plymouth is $1,399, a 3% increase compared to the previous year, when the average rent was $1,353.
Average Rent in Plymouth, MN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,399 | 3% | 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-$1,0008%
- $1,001-$1,50059%
- $1,501-$2,00030%
- > $2,0002%
Plymouth, MN Occupied Housing Units
- Renter-occupied Households32%
- Owner-occupied Households67%
10,190 or 32% of the households in Plymouth, MN are renter-occupied while 20,812 or 67% 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 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Plymouth, MN | $1,255 | $1,279 | $1,289 | $1,296 | $1,296 | $1,351 | $1,353 | $1,402 | $1,419 | $1,399 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Plymouth, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Champlin | $997 |
| Tonka Bay | $1,001 |
| Greenwood | $1,001 |
| Excelsior | $1,001 |
| Shorewood | $1,034 |
| Minnetrista | $1,034 |
| Deephaven | $1,107 |
| Mound | $1,122 |
| Woodland | $1,192 |
| Wayzata | $1,192 |
| Orono | $1,192 |
| Minnetonka Beach | $1,192 |
| New Hope | $1,203 |
| Medicine Lake | $1,323 |
| Spring Park | $1,344 |
| Rogers | $1,621 |
| Corcoran | $1,621 |
| Maple Grove | $1,652 |
| Osseo | $1,663 |
| Dayton | $1,663 |
The most affordable neighborhoods in Plymouth are Champlin, where the average rent goes for $997/month, Excelsior, where renters pay $1,001/mo on average, and Greenwood, where the average rent goes for $1,001/mo. If you’re looking for other great deals, check out the listings from Tonka Bay ($1,001), Minnetrista ($1,034), and Shorewood ($1,034), where the asking prices are below the average Plymouth rent of $1,399/mo.
The most expensive neighborhoods in Plymouth are Maple Grove ($1,652), Dayton ($1,663) and Osseo ($1,663).
The most popular neighborhood in Plymouth is Maple Grove, where there are 8 verified RENTCafé listings with an average rent of $1,652. Next up is New Hope, where apartments go for $1,203/month, followed by Rogers with $1,621 If you’re looking to rent in Plymouth’s most popular neighborhoods, make sure to also check out Champlin, where renters pay $997 on average, and Mound, where the average monthly rent is $1,122.
Plymouth | Rent Comparison by Neighborhood
Rent in Champlin is 38% lower than in Corcoran
Champlin rent is 29% lower than Plymouth average
| Average Rent | $997 |
|---|
Corcoran rent is 16% higher than Plymouth average
| Average Rent | $1,621 |
|---|
How Plymouth Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Minneapolis | $1,588 | 3% |
| St. Paul | $1,303 | 3% |
| Bloomington | $1,451 | 5% |
| Edina | $1,502 | 3% |
| St. Louis Park | $1,609 | 2% |
| Plymouth | $1,399 | 3% |
| Minnetonka | $1,456 | 4% |
| Brooklyn Center | $1,053 | 2% |
| Eden Prairie | $1,521 | 7% |
| Hopkins | $1,470 | 4% |
| St. Anthony | $1,203 | 2% |
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!