Houses for Rent in Minneapolis, MN - 5 Rentals available
Minneapolis’s average rent reached $1,540 in December
Minneapolis’s average rent reached $1,540 in December after a 3.5% decrease since last year. One of Minnesota’s largest job hubs and a renter household-majority city (53%), Minneapolis is a desirable place to live and work in, with apartment prices above the national average of $1,462. [View Full Report]
Minneapolis’s average rent was $1,540 in December
Minneapolis’s average rent reached $1,540 in December after a 3.5% decrease since last year. One of Minnesota’s largest job hubs and a renter household-majority city (53%), Minneapolis is a desirable place to live and work in, with apartment prices above the national average of $1,462.
The average rent for an apartment in Minneapolis saw a larger decrease compared to St. Paul ($1,283), where prices went down by 1.7% since last year, and Bloomington ($1,346), where rent went down by 0.6%.
What it costs to rent in the largest renter hubs in the Minneapolis area
The city with the largest renter share is Hopkins (66%), with an average rent of $1,270 after an annual decrease of 1.6%. Second is Minneapolis with 53%, followed by St. Paul with 50% renter households. Anoka, with an average rent of $1,182, has the fourth largest share of renters (49%) and has experienced a rent increase of 5.8% since last year. In St. Louis Park, where 45% of homes are renter households, the average rent is $1,491, going down by 1% in the past year.
The priciest and cheapest cities for renters in the Minneapolis area
Maple Grove is the priciest city for renters in the Minneapolis area, with apartments renting for $1,729 per month. The average rent for apartments in Golden Valley is $1,655, the second most expensive, while Edina ($1,643) comes in third.
For renters in search of budget-friendly apartments, Richfield's $1,083 average rent is the cheapest in the Minneapolis area followed by West St. Paul's $1,090 rate. New Brighton rentals are the third least pricey on the list, with a $1,093 average rent.
RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States.
The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, 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. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.
Look for houses for rent near me
Do you want a house with a backyard, a grill area, that offers you privacy and enough space for your family? RENTCafé offers you the possibility to look for a house for rent near you, to find the one that best suits your family. Browsing through our listings, you can filter by size, price, pet policy, check out the location, to find the best house in your area. Whether you are looking to move to a particular neighborhood, or a specific ZIP code, may it be for its safety, beautiful buildings, or quiet atmosphere, you can find the rental house that your whole family will enjoy.
Your next home is out there, whether you are looking for a house for rent near you or anywhere in the U.S. Easily browse houses for rent with availability updated daily, and let's find the one that is perfect for you!
Frequently Asked Questions
How much is the rent for a house in Minneapolis, MN?
The price range of a house for rent is between $1,225 and $3,000. Find house for rent in Minneapolis, MN.
How many houses are available in Minneapolis, MN on RENTCafé?
There are 3 house rentals available on RENTCafé. Prices and availability in Minneapolis, MN were last updated on 22 Jan 2021.
What is the average size of a rental house in Minneapolis, MN?
The average Minneapolis, MN rental house size is 803 sq. ft.
What are the advantages of renting a house in Minneapolis, MN?
Renting a house in Minneapolis, MN comes with more space, both indoor and outdoor.
What are the downsides of renting a house apartment in Minneapolis, MN?
Houses for rent in Minneapolis, MN are usually located in non-central areas. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Minneapolis, MN.
Minneapolis, MN Demographics
- Total Population416,021
Female 211,095Male 204,926
- Median Age32.1
Average Rent in Minneapolis, MN
- Minneapolis, MN Average Rental Price, December 2020 $1,540 /mo
Minneapolis, MN Apartment Rent Ranges
- > $2,00016%
Minneapolis, MN Rent Trends
|Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Dec / 2020|
Minneapolis, MN Households
- Total Number of Households173,916
Family 77,829Non-family 96,087
Children 40,541No Children 133,375
- Average People Per Household2.29
- Median Household Income$58,993
- Median Housing Costs Per Month$1,155
Minneapolis, MN Education Statistics
- No High School5%
- Some High School22%
- Some College21%
- Associate Degree7%
- Bachelor Degree29%
- Graduate Degree17%
Renting a house in Minneapolis, MN
If you are interested in living in a serene house, with no noise restrictions and a backyard, you might want to search through rental homes. More and more people nowadays choose to rent houses because the advantages are unlimited. Social butterflies can throw parties without worrying about Mrs. Jenny calling the police and sunbathers can soak up some vitamin D in the intimacy of their lovely patio. With a large variety of options to choose from, you are sure to find a house out of the 5 homes for rent in Minneapolis, MN that will satisfy your need for comfort and privacy. Regardless of the size you’re searching for, we have your covered with plenty of duplexes or single family homes for rent. Because your money is important and you want to choose wisely, there are also cheap houses for rent in Minneapolis, MN starting from $1,188. If you’re open to spending a little more, there are many wonderful rental houses situated in some of the best residential areas in Minneapolis, MN.
Pick your house based on how much living space you require
If you want to rent but are not willing to cut down on your size requirements, rental homes are for you. While large apartments are also great, houses have their advantages. The average house in Minneapolis, MN provides plenty of living and storage space for you and your family, including pets. Whether you have little children or you dream of being able to accommodate your out-of-town guests, you can choose from houses up to 3 bedroom and 4 bedroom in size. If you and your loved one are newly-weds and need something no larger than a 1 bedroom or 2 bedroom home, select the number of beds from the top menu. The right home is waiting to be discovered.