Studio Apartments for Rent in Minneapolis, MN
408 Rentals Available

Q: What are the downsides of renting a studio apartment in Minneapolis, MN?

1 bedroom apartments are usually more expensive than studio apartments in terms of rent and utility costs. You might be interested in 1 bedroom apartments , 2 bedroom apartments or 3 bedroom apartments , or browse all RentCafe apartments for rent in Minneapolis, MN .

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 RentCafe 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, RentCafe 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 $150 and $4,027. Search our studio apartments in Minneapolis, MN.

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

The average Minneapolis, MN studio apartment size is 438 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 RentCafe apartments for rent in Minneapolis, MN.

Minneapolis, MN Demographics

Total Population424,536
Female 215,075

Male 209,461
Median Age32.3

The total population of Minneapolis, MN is 424,536, of which 215,075 are men and 209,461 are women, according to the most recent U.S. Census Bureau estimates. The residents of Minneapolis have a median age of 32.3.

Average Rent in Minneapolis, MN

Minneapolis, MN Average Rental Price, February 2022 $1,621 ^/mo

Apartments in Minneapolis, MN rent for $1,621 per month, on average.

Minneapolis, MN Apartment Rent Ranges

15% of apartments in Minneapolis, MN are priced between $701-$1,000. About 38% charge rents in the $1,001-$1,500 range. Approximately 27% of Minneapolis’s apartment rentals are priced between $1,501-$2,000. Meanwhile, 20% of apartments are in the most expensive > $2,000 range.

Minneapolis, MN Rent Trends

Average Rent	Nov / 2018	Mar / 2019	Jul / 2019	Nov / 2019	Mar / 2020	Jul / 2020	Nov / 2020	Mar / 2021	Jul / 2021	Nov / 2021	Feb / 2022
Minneapolis, MN	$1,544	$1,554	$1,591	$1,590	$1,596	$1,602	$1,553	$1,559	$1,581	$1,635	$1,621
National	$1,362	$1,367	$1,399	$1,407	$1,409	$1,399	$1,403	$1,412	$1,495	$1,591	$1,628

The average monthly rent in Minneapolis, MN is around $1,621, while the national average rent is $1,628.

Check out the average rent prices in Minneapolis by neighborhood.

Minneapolis, MN Households

Total Number of Households178,886
Family 78,540

Non-family 100,346
Children 40,583

No Children 138,303

Average People Per Household2.28
Median Household Income$66,068
Median Housing Costs Per Month$1,240

A total of 178,886 households live in Minneapolis, MN, of which 78,540 are family households and 100,346 are non-family households, per U.S. Census estimates. Of these, approximately 40,583 households have children and 138,303 households do not have children. The average size of a household in Minneapolis, MN is 2.28. The median household income in Minneapolis is $66,068 annually, with $1,240 per month going towards housing.

Minneapolis, MN Education Statistics

According to Census data, 4% of the population in Minneapolis, MN have no high school education, 21% went to high school, 20% have some college education, 7% earned an Associate Degree, 31% earned a Bachelor Degree, and 17% earned a Graduate Degree.

Most Expensive Studios for Rent
365 Nicollet $1,292 - $10,748
Cheapest Studios for Rent
525 Tenth Apartments Dinkytown $150 - $2,975

Renting a studio apartment in Minneapolis, MN

If you’re a fan of living big on a budget, reducing your ecological footprint, and are determined to find an efficiency apartment in Minneapolis, MN, we have great news: on RentCafe you have 408 small apartment units to choose from in 147 different properties. You may be surprised to know that studio apartments come in a variety of shapes and types. Once you decide on what your must-haves are, you can choose the right studio. If you’ll want your kitchen in the main room, why not aim for the most affordable one room apartments you can find? If you pride yourself on being frugal and always bragging to your friends about the great discounts and sales you just discovered, then put those skills to good use in your search for your next apartment. With the average rent currently at $1,239, opting for a cheap studio for as low as $150 is certainly a decision you’ll be able to gloat about and your wallet will thank you for.

Top tip: an efficiency apartment can be comfortable

Efficiency apartments may have just one multi-functional room, but it can be pretty spacious. You can get creative with the space, combine furniture and accent design elements in a harmonious and practical way, and you will end up with a very comfortable apartment where you can relax and unwind. If you’re not on a tight budget, you should definitely check out some bachelor flats that have a separate kitchen. You wouldn’t believe the difference it makes. While they don’t cost an arm and a leg, they are typically more expensive than a normal single bedroom apartment, so it’s probably a good idea to aim for the higher end of the price range—the highest price for a studio in Minneapolis, MN is currently $4,027.

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

Studio Apartments for Rent in Minneapolis, MN 408 Rentals Available

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