Studio Apartments for Rent in Minneapolis, MN - 366 Rentals available
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1331 Marshall St. NE, Minneapolis, MN 55413$1,260 - $2,465
- Studio
- 1 Bath
Available Today! Last updated 21 Jan 2021 -
465 Nicollet Mall, Minneapolis, MN 55401$1,295 - $1,667
- Studio
- 1 Bath
Available Today! Last updated 21 Jan 2021 -
2905 Harriet Avenue, Minneapolis, MN 55408$1,006 - $2,495
- Studio
- 1 Bath
Available Today! Last updated 21 Jan 2021 -
815 SE 9Th Ave, Minneapolis, MN 55414$1,275
- Studio
- 1 Bath
Available Today! Last updated 21 Jan 2021 -
1325 W 27Th St, Minneapolis, MN 55405See current rent specials$825 - $910
- Studio
- 1 Bath
Last updated 21 Jan 2021 -
3430 List Place, Minneapolis, MN 55416$1,295
- Studio
- 1 Bath
Last updated 21 Jan 2021 -
3144 Chowen Ave S, Minneapolis, MN 55416See current rent specials$1,113 - $1,683
- Studio
- 1 Bath
Last updated 21 Jan 2021 -
515 E Grant St, Minneapolis, MN 55404See current rent specials$1,145 - $1,275
- Studio
- 1 Bath
Last updated 21 Jan 2021 -
2201 Blaisdell Avenue, Minneapolis, MN 55404See current rent specials$951 - $992
- Studio
- 1 Bath
Last updated 21 Jan 2021 -
2124 Garfield Avenue South, Minneapolis, MN 55405$925
- Studio
- 1 Bath
Last updated 21 Jan 2021 -
214 W 15Th St., Minneapolis, MN 55403$1,020
- Studio
- 1 Bath
Last updated 21 Jan 2021 -
3611 Bryant Ave S, Minneapolis, MN 55409See current rent specials$900
- Studio
- 1 Bath
Last updated 21 Jan 2021 -
800 North Third Street, Minneapolis, MN 55401$1,175 - $2,123
- Studio
- 1 Bath
Last updated 21 Jan 2021 -
730 1/2 North 1St Street, Minneapolis, MN 55411$1,485 - $1,925
- Studio
- 1 Bath
The Excelsior Group, LLCLast updated 21 Jan 2021 -
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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.
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 studio apartments near me
Are you looking to land a small but cool studio apartment near you? Is an unbeatable location more important to you than lots of space? You can now browse through all available RENTCafé listings, to find the perfect studio apartment near you, in your favorite neighborhood, ZIP code, or in another city or state in the U.S. wherever life takes you. Check the ratings and reviews of properties with studio apartments, filter them based on your criteria, and find the one that suits your needs.
Compare the size, price and location, as well as amenities, both inside and outside the apartment. Whether you are looking for a more modern studio near you, or one in a charming old building, or maybe you want to be close to a certain park, the downtown area of your city, or near family or friends, RENTCafé allows you to find the best fit for you - so, let's find your new home!
Frequently Asked Questions
What is the price of a studio apartment in Minneapolis, MN?
The price range of a studio apartment is between $450 and $3,743. Search our studio apartments in Minneapolis, MN.
How many studio apartments for rent are available in Minneapolis, MN on RENTCafé?
There are 284 studio rentals available on RENTCafé. Prices and availability in Minneapolis, MN were last updated on 21 Jan 2021.
What is the average size of a studio apartment in Minneapolis, MN?
The average Minneapolis, MN studio apartment size is 410 sq. ft.
What are the advantages of renting a studio apartment in Minneapolis, MN?
Studio apartments in Minneapolis, MN tend to be more affordable than other apartments and they have lower utility costs.
What are the downsides of renting a studio apartment in Minneapolis, MN?
One of the downsides of living in a studio apartment is the limited storage space. You might be interested in 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
- $701-$1,00015%
- $1,001-$1,50043%
- $1,501-$2,00025%
- > $2,00016%
Minneapolis, MN Rent Trends
| Average Rent | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Dec / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Minneapolis, MN | $1,478 | $1,487 | $1,512 | $1,557 | $1,544 | $1,554 | $1,591 | $1,590 | $1,596 | $1,602 | $1,540 |
| National | $1,373 | $1,378 | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |
Minneapolis, MN Households
- Total Number of Households173,916
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Family 77,829Non-family 96,087
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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%
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Most Expensive Studios for Rent
365 Nicollet $1,352 - $10,969 -
Cheapest Studios for Rent
Elliot Court $430 - $686
Renting a studio apartment in Minneapolis, MN
Finding an affordable home is definitely not an easy task nowadays, especially if you’re new to the market. When looking for a budget-friendly small apartment, you should decide on the non-negotiables and look for a home that meets your needs. On average, a studio apartment’s size in Minneapolis, MN is 884 Sq.Ft., which is convenient for a young professional, recent graduate, student or for someone who prefers not to spend more than necessary on a monthly rent. A cheap studio can be rented starting from $715, so your next step is to make up your mind regarding the layout of your future nest: do you want a one room apartment, with kitchen in the main room, or a bachelor flat with a separate kitchen? Hard to decide. Now you have 384 small apartments are in Minneapolis, MN to choose from that will help you make a decision, with an average rent of $1,356.
The perks of renting an efficiency apartment
They say renting is like dating- you should not expect absolute perfection from a rental home, but you should love the things that make it uniquely yours. If you’re interested in an efficiency apartment in Minneapolis, MN, we are confident that you will find a great place that complements your lifestyle. Having a small apartment comes with a series of advantages that their larger companions lack. A studio apartment is easier to keep clean and it’s always less cluttered, because there is no room for unnecessary stuff. If single bedroom apartments and small apartments is what you’re after, you are more likely to afford living in the hip parts of the town, within walking or biking distance from entertainment and shopping. You will also notice significant savings year after year. Pick your price limit and square footage and browse through our 159 listings in Minneapolis, MN and we promise you won’t be disappointed.