Apartment Search Minnesota Money

How Much Space You Can Rent for $1,400 in These 38 Minnesota Cities

  • For $1,400, you’ll get about 10% more apartment space in Minnesota than the 829 square foot average in the 100 most populous U.S. cities.
  • Of the 38 Minnesota cities included in our research, St. Cloud and Minneapolis had the largest and smallest apartments, respectively, for $1,400.
  • Use the calculator at the end of the article to find out how much space you can rent in Minnesota, whatever your budget.

Undeniably, space is something that we all came to appreciate in the past year during the pandemic, as it became increasingly more important for everyone, especially apartment dwellers.

So, RENTCafé analysts reviewed how much space you could rent across Minnesota for $1,400, which is close to the state’s average monthly rent of $1,360. Based on Yardi Matrix data — and a bit of research — we’ve highlighted the cities where apartments offer the most and least bang for your buck.

It turns out that Minnesota is a great place to call home, as most cities here offer rather spacious apartments. On average, you can get 915 sq. ft. of living space for $1,400 in the state, more than the 829 sq. ft. you can rent for the same amount in the top 100 most populous cities. This means that Minnesota apartments offer 10% more space for the same price.

We put together the following infographic, which compares apartment sizes in the 38 Minnesota cities included in our study. The size of the tiles represents the actual proportion of apartment space available for $1,400.

Throughout the state, the size of apartments you can rent on a $1,400 budget varies from 709 sq. ft. in Minneapolis to more than twice as much space in St. Cloud (1,446). Notably, although they fall on opposite ends of our ranking, these two Minnesota cities are only 65 miles apart in the South-Eastern part of the state.

Top 5 Cities with Most Apartment Space for $1,400

St. Cloud, located in the St. Cloud metro, is where you can find the most apartment space in the state, of 1,446 sq. ft., for that fixed amount. The city has an average rent of $887 — one of the lowest in Minnesota — making this community of almost 68,000 people an affordable place to live in.

Meanwhile, $1,400 can also pay for generous amounts of square footage in other cities, like Waite Park (1,402) — which is just outside of Minneapolis —, as well as Sartell (1,315), a city adjacent to St. Cloud. New Hope and Anoka also made the top 5, with 1,102 sq. ft. and 1,097 sq. ft., respectively.

All of these cities boast local average rents between $887 and $1,168 — below the state’s average — making them great choices for those looking for ample apartment space and lower rents.

Top 5 Cities with Least Apartment Space for $1,400

Conversely, the least space you can get for the same money in Minnesota is usually in cities where rents are higher, but overall the quality of apartments is better and they are generally considered to be more desirable locations. For example, Minneapolis — where rents go for an average of $1,555 a month — offers around 709 sq. ft. for $1,400.

Next up are Golden Valley and Edina — only 8 miles away from one another in the Minneapolis metro — are both among the cities in the state where you get less space for that money, but you’ll live in some of the most sought-after locations. Specifically, in Golden Valley you get only 794 sq. ft. and in Edina, only 830 sq. ft. for the monthly rent of $1,400.

The top 5 is closed by St. Louis Park and Lakeville where the same amount will get you smaller apartments of 846 sq. ft. and 854 sq. ft., respectively. So, if you do decide to choose one of these cities, know that you’ll need to shell out between $1,487 and $1,666 for the monthly rent. On the plus side, you’ll be enjoying better locations with proximity to Minneapolis, so that’s definitely something worth considering.

What You Can Rent for $1,400 in Minnesota’s Largest Metro

Here’s how much space you can get for $1,400 in Minnesota’s largest metro:

In the Minneapolis metro, New Hope apartments tend to offer more living space for that money. Here, you can get 1,102 sq. ft. for the monthly rent of $1,400. Anoka and Coon Rapids also prove to be great cities to live in because the space you could get here would also be substantially large of 1,097 sq. ft. and 1,094 sq. ft., respectively.

Meanwhile, apartments in Minneapolis (709 sq. ft.), Golden Valley (794) and Edina (830) offer the least space in the Minneapolis metro.

See How Much Space You Can Get on Your Budget

Want to find out how much space you can afford based on your budget in these 38 Minnesota cities? Use the calculator below.


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Methodology

  • This report was prepared by RENTCafé, a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States.
  • To compile this report, we analyzed average rent price and apartment size data provided by Yardi Matrix, RENTCafé’s sister company that researches and reports on large-scale multifamily properties of 50+ units. Yardi Matrix is a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors.
  • State average rent and apartment size information is based on data for 175,000 market rate units and 1,200 multifamily properties across the entire state of Minnesota.
  • The average apartment space per $1,400 of rent was calculated by dividing $1,400 by the average cost of rent per square foot in 38 Minnesota cities with a statistically relevant sample size of apartments.

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About the author

Florentina Sarac

Florentina Sarac is a creative writer, editor, and researcher for RENTCafé. She covers a variety of topics, from real estate trends, demographic shifts, housing industry news and multifamily construction to homeownership, smart-home technology, personal finance and business. With a 7-year background in the real estate industry, Florentina has also penned articles for publications such as Multi-Housing News, Commercial Property Executive and the National Apartment Association Magazine. You can connect with Florentina via email.

Florentina’s work and expertise have been featured in several major U.S. and international publications, including The New York Times, The Washington Post, Bisnow, The Mercury News, Curbed, The NY Post, CBS News, Business Insider and Realtor.com. She holds a B.A. in English and Spanish, as well as an M.A. in Multilingual and Multicultural Communication, which serve as a testament to her love of literature and language.

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