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Luxury Apartments for Rent in Minneapolis, MN - 697 Rentals available

  • (2)
    365 Nicollet Mall, Minneapolis, MN 55401
    See current rent specials
    $1,352 - $10,969
    • Studio-3 Beds
    • 1-4 Baths
    The Excelsior Group, LLC
    Available Today! Last updated 17 Jan 2021
    (833) 336-8169
  • (3)
    333 E Hennepin Ave, Minneapolis, MN 55414
    $1,195 - $9,770
    • Studio-3 Beds
    • 1-2.5 Baths
    The Excelsior Group, LLC
    Available Today! Last updated 17 Jan 2021
    (612) 822-3333
  • (2)
    315 N 7Th Ave, Minneapolis, MN 55401
    $1,048 - $7,155
    • Studio-2 Beds
    • 1-2 Baths
    Pinnacle
    Available Today! Last updated 17 Jan 2021
    (612) 436-3092
  • 10 Second Street SE, Minneapolis, MN 55414
    $1,295 - $5,200
    • Studio-3 Beds
    • 1-4 Baths
    Steven Scott Management, Inc.
    Available Today! Last updated 17 Jan 2021
    (612) 379-1188
  • 1212 West Lake Street, Minneapolis, MN 55408
    $1,050 - $4,894
    • Studio-3 Beds
    • 1-2 Baths
    Pinnacle
    Available Today! Last updated 17 Jan 2021
    (855) 859-4232
  • 1300 W Lake St, Minneapolis, MN 55408

    Contact for Pricing

    • 1-2 Beds
    • 1-2 Baths
    Greco Properties, LLC
    Available Today! Last updated 17 Jan 2021
  • 730 1/2 North 1St Street, Minneapolis, MN 55411
    $1,395 - $4,555
    • Studio-2 Beds
    • 1-2.5 Baths
    The Excelsior Group, LLC
    Available Today! Last updated 17 Jan 2021
    (612) 383-1840
  • 3430 List Place, Minneapolis, MN 55416
    $1,295 - $3,995
    • Studio-3 Beds
    • 1-3 Baths
    Steven Scott Management, Inc.
    Available Today! Last updated 17 Jan 2021
    (612) 920-1210
  • (28)
    415 1St Street North, Minneapolis, MN 55401
    $1,475 - $3,900
    • Studio-3 Beds
    • 1-3 Baths
    StuartCo
    Last updated 17 Jan 2021
    (612) 341-0499
  • (2)
    511 S 4Th St, Minneapolis, MN 55415
    $1,125 - $3,395
    • Studio-3 Beds
    • 1-3 Baths
    The Excelsior Group, LLC
    Last updated 17 Jan 2021
    (612) 261-2293
  • 1800 W. Lake St., Minneapolis, MN 55408
    $1,200 - $3,281
    • 1-3 Beds
    • 1-2 Baths
    The Excelsior Group, LLC
    Last updated 16 Jan 2021
    (612) 824-2300
  • 815 SE 9Th Ave, Minneapolis, MN 55414
    $1,275 - $3,100
    • Studio-4 Beds
    • 1-4 Baths
    Core Living
    Last updated 17 Jan 2021
    (833) 237-0945
  • (3)
    1320 West Lake Street, Minneapolis, MN 55408
    $1,249 - $2,999
    • Studio-3 Beds
    • 1-2 Baths
    Pinnacle
    Last updated 17 Jan 2021
    (844) 840-6195
  • (3)
    1367 Willow St., Minneapolis, MN 55403
    See current rent specials
    $1,099 - $2,920
    • Studio-2 Beds
    • 1-2 Baths
    Sentinel Real Estate Corporation
    Last updated 17 Jan 2021
    (612) 333-2425
  • 600 5Th Ave S, Minneapolis, MN 55415
    $1,042 - $2,796
    • Studio-2 Beds
    • 1-2 Baths
    Greco Properties, LLC
    Last updated 17 Jan 2021
    (612) 324-0416
  • 730 Washington Ave N, Minneapolis, MN 55401
    • Studio-2 Beds
    • 1-2 Baths
    Greco Properties, LLC
    Last updated 17 Jan 2021
    (651) 369-8027
  • 643 N 5Th St, Minneapolis, MN 55401
    See current rent specials
    $1,330 - $2,630
    • Studio-2 Beds
    • 1-2 Baths
    Simpson Property Group
    Last updated 17 Jan 2021
    (612) 349-6430
  • 3730 West Broadway, Robbinsdale, MN 55422
    $1,315 - $2,600
    • Studio-2 Beds
    • 1-2 Baths
    Steven Scott Management, Inc.
    Last updated 17 Jan 2021
    (612) 529-4310
  • (2)
    2838 Fremont Ave S, Minneapolis, MN 55408
    See current rent specials
    $1,170 - $2,545
    • Studio-2 Beds
    • 1-2 Baths
    Simpson Property Group
    Last updated 17 Jan 2021
    (612) 871-3589
  • 3144 Chowen Ave S, Minneapolis, MN 55416
    See current rent specials
    $1,118 - $2,510
    • Studio-2 Beds
    • 1-2 Baths
    Bigos Management
    Last updated 17 Jan 2021
    (612) 925-2848
  • 337 Washington Ave N, Minneapolis, MN 55401
    $1,250 - $2,490
    • Studio-2 Beds
    • 1-2 Baths
    Laramar Communities
    Last updated 17 Jan 2021
    (612) 564-4749
  • 2551 38Th Avenue NE, St. Anthony, MN 55421
    $1,282 - $2,473
    • Studio-3 Beds
    • 1-2 Baths
    Dominium Management Services, LLC
    Last updated 17 Jan 2021
    (833) 854-4412
  • 1331 Marshall St. NE, Minneapolis, MN 55413
    $1,215 - $2,465
    • Studio-2 Beds
    • 1-2 Baths
    Core Living
    Last updated 17 Jan 2021
    (833) 451-3784
  • (107)
    222 Hennepin Ave S, Minneapolis, MN 55401
    $1,275 - $2,400
    • Studio-2 Beds
    • 1-2 Baths
    Weidner Apartment Homes
    Last updated 17 Jan 2021
    (612) 424-5638
  • (9)
    3036 W. Lake St., Minneapolis, MN 55416
    $945 - $2,300
    • Studio-2 Beds
    • 1-2 Baths
    Weidner Apartment Homes
    Last updated 17 Jan 2021
    (612) 285-3102

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 apartment rent 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%.

Minneapolis apartment rent report

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.

Minneapolis apartment rent report

Methodology

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 luxury apartments near me

Looking for a top of the line, luxury apartment near you to move in to? Are you interested in having all new appliances, on site amenities, a gym, a pool, and private parking? Take a look at our high-end listings and search for the apartment that provides all that you need to feel at home using filters for top community and apartment amenities. On RENTCafé you can find the luxury apartment you are looking for whether it's near you, in a specific neighborhood or ZIP code, or in the best area in town.

RENTCafé can help you find the best luxury apartment for you by allowing you to compare location, size and price. May it be near where you live now or anywhere in the U.S. that you want to move to, let's help you choose the perfect apartment.

Frequently Asked Questions

What is the price of a luxury apartment in Minneapolis, MN?

The price range is between $945 and $10,969. Find luxury apartments in Minneapolis, MN.

How many luxury rentals are available in Minneapolis, MN on RENTCafé?

There are 685 luxury rentals available on RENTCafé. Prices and availability in Minneapolis, MN were last updated on 16 Jan 2021.

What is the average size of a luxury apartment in Minneapolis, MN?

The average Minneapolis, MN luxury apartment size is 949 sq. ft.

What are the advantages of renting a luxury apartment in Minneapolis, MN?

Renting a luxury apartment in Minneapolis, MN comes with many amenities, more space and central locations.

What are the downsides of renting a luxury apartment in Minneapolis, MN?

Luxury apartments tend to be more expensive and have higher utility bills. 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 211,095
    Male 204,926
  • Median Age32.1

Average Rent in Minneapolis, MN

  • Minneapolis, MN Average Rental Price, October 2020 $1,568 /mo

    Minneapolis, MN Apartment Rent Ranges

    • $701-$1,00015%
    • $1,001-$1,50042%
    • $1,501-$2,00025%
    • > $2,00018%

    Minneapolis, MN Rent Trends

    Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Oct / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Oct / 2020
    Minneapolis, MN $1,487 $1,512 $1,557 $1,544 $1,554 $1,591 $1,593 $1,590 $1,596 $1,602 $1,568
    National $1,377 $1,380 $1,417 $1,426 $1,430 $1,466 $1,466 $1,473 $1,474 $1,461 $1,464
    /

    Minneapolis, MN Households

    • Total Number of Households173,916
    • Family 77,829
      Non-family 96,087
    • Children 40,541
      No 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 luxury apartment in Minneapolis, MN

    Comfort is an essential element to your happiness, which is why we selected the best apartments in Minneapolis, MN, uniquely designed to satisfy your need for luxury. Finely detailed craftsmanship, meticulously chosen color contrasts and high-level amenities complement modern apartments. The community living spaces have indoor pools, ultra-modern spas and wine rooms, a cut above anything you’ve seen before. Upscale apartments can be a real showstopper and you can find yours in one of the 33 outstanding buildings in Minneapolis, MN. Right now, there are as many as 699 luxury apartments to choose from in Minneapolis, MN that pride in being the best of the best. And, as they say -- beauty comes in all shapes and sizes -- you can find luxury studio apartments, large apartments and even luxury townhomes available, depending on your needs. Make sure you do not miss the chance to level up your lifestyle with one of these stunners!

    Affordable high rise apartments

    If you are looking for a luxurious home in Minneapolis, MN but you’re held back by a limited budget, there is no reason to despair. Marvelously furnished apartments are available for you right now at great prices. Do you dream of a custom-designed rental that exudes glamour and character, but yare afraid you won’t afford rent in a high-end apartment complex? Sleek finishes, roof-top pools and monumental granite fireplaces sound expensive and all, but luxury living is not unattainable. Do you dream of drinking your morning coffee in a top-quality chef’s kitchen, but are frustrated with overpriced rent? Look no further! Cheap luxury apartments are actually a thing these days, so you can find luxury apartments in Minneapolis, MN with monthly rents starting as low as $1,042. Sort your search results by “Rent” ascending to see the lowest-priced listings first.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!