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If you’re on the hunt for brand-new apartments for rent, 2024 presents an excellent opportunity for a fresh start. A record-setting 518,000 new units are expected to be completed throughout the U.S. by year’s end — and the Minneapolis-St. Paul metro area will contribute nearly 5,400 of these new apartments.
Whether you prefer the thrill of city living or the peacefulness of suburban neighborhoods, there are plenty of options to suit a variety of lifestyles. These newly built rentals come packed with all the modern amenities you’d expect, offering fresh living spaces designed to fit your lifestyle.
Ready to explore? Let’s check out the top cities for new apartments in the Minneapolis-St. Paul area to help you find your fresh new home.
Expect almost 1,800 new apartments in Minneapolis this year
Minneapolis is leading the way in new apartment construction in the Twin Cities area. With a whopping 1,798 units expected to be completed before the end of the year, it’s no wonder why so many people are flocking to the city. In fact, Minneapolis has ranked first among the most coveted U.S. cities for renters for the better part of 2024.
The new apartments in Minneapolis cater to a diverse range of tastes and preferences, from those seeking a minimalist design to those looking for luxury features. Minneapolis’s ongoing commitment to urban revitalization means many of these new apartments are in prime locations with easy access to parks, entertainment, and public transportation. The city’s lively atmosphere and growing housing options make it a desirable location for renters seeking a fresh start in a brand-new home.
More than 900 new apartments to open in Bloomington
Just a short drive from Minneapolis, Bloomington, MN, is also seeing a wave of new apartments coming to the market this year. With 912 new units set to open before the end of December, Bloomington offers almost half the new rentals that Minneapolis is expecting, making it a great option for renters who prefer a more suburban lifestyle without straying too far from the city center.
These fresh pads in Bloomington provide renters with modern living spaces while maintaining easy access to popular destinations like the Mall of America and the Minneapolis-St. Paul International Airport. So, whether you’re looking for a place to call home that’s close to nature or a well-connected hub for commuting, these brand-new apartments for rent in Bloomington offer the best of both worlds.
Renters in Oakdale have plenty of new apartments to pick from
Oakdale, MN, is another city experiencing substantial growth in its rental market, with 765 new apartments expected to be completed by the end of 2024. While it may not match the numbers seen in Minneapolis, Oakdale still provides a significant addition to the metro’s rental market, offering fresh options for those who prefer a peaceful lifestyle.
Located less than 10 minutes from St. Paul, MN, this charming place offers a great balance of urban and rural living. So, with their modern amenities, thoughtfully designed spaces and a sense of community, the new apartments in Oakdale are an excellent choice for families or anyone seeking a more relaxed living environment within the Twin Cities metro area.
New apartments in St. Paul give renters more options this year
St. Paul, the other half of the Twin Cities, is also making strides in apartment construction. Before the end of 2024, a total of 716 new apartments will be added to the city’s housing stock, giving renters more opportunities to find a brand-new home in this historic location.
Known for its rich cultural heritage, St. Paul combines the charm of a smaller city with the convenience of urban living. The new apartments in St. Paul are spread across several neighborhoods, offering renters a variety of styles and floor plans to choose from. Whether you’re seeking proximity to the Mississippi River, local museums, or the state capitol, St. Paul’s brand-new apartments offer both location and comfort.
As you can see, there’s no shortage of options for renters looking to move into a brand-new home. Whether you’re eyeing the urban energy of Minneapolis, the suburban serenity of Bloomington and Oakdale, or the cultural richness of St. Paul, the Twin Cities region has something for everyone. As you embark on your apartment search, keep an eye out for the latest rentals that offer the modern living spaces and amenities you desire in the area.
If you’re interested in apartment construction in other parts of the U.S., check out our articles on new apartments in Houston, Miami, Orlando, Seattle and Dallas.
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Veronica Grecu is a senior creative writer and research analyst for RentCafe. With more than 14 years of experience in the real estate industry, she covers a variety of topics in the apartment market, including rental competitiveness, new construction and other industry trends. Her work has been featured in top publications like The New York Times, The Washington Post, The Wall Street Journal, The Philadelphia Inquirer, The Miami Herald, CNN, CNBC, and more. Prior to RentCafe, Veronica was involved in producing real estate content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. She holds a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.
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