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Studio Apartments for Rent in Minneapolis, MN - 154 Rentals available

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Minneapolis, MN Demographics

  • Total Population399,950
  • Female 201,739
    Male 198,211
  • Median Age31.9

Average Rent in Minneapolis, MN

  • Minneapolis, MN Average Rental Price, January 2019$1,457/mo

Minneapolis, MN Apartment Rent Ranges

  • $501-$7002%
  • $701-$1,00024%
  • $1,001-$1,50037%
  • $1,501-$2,00023%
  • > $2,00014%

Minneapolis, MN Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Jan / 2019
Minneapolis, MN $1,290 $1,315 $1,334 $1,355 $1,383 $1,390 $1,420 $1,425 $1,457
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Check out the average rent prices in Minneapolis by neighborhood.

Minneapolis, MN Households

  • Total Number of Households168,385
  • Family 76,077
    Non-family 92,308
  • Children 40,703
    No Children 127,682
  • Average People Per Household2.27
  • Median Household Income$51,480
  • Median Housing Costs Per Month$1,054

Minneapolis, MN Education Statistics

  • No High School5%
  • Some High School23%
  • Some College23%
  • Associate Degree6%
  • Bachelor Degree27%
  • Graduate Degree15%

Renting a studio apartment in Minneapolis, MN

The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Minneapolis, MN is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 103 listings with a total of 154 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time. Already a fan of living small? Why don’t you check out our selection of one room apartments—there’s always a better deal out there, you just have to know where to look for it (Cleveland is the cheapest neighborhood in town—wink wink).

They are called efficiency apartments for a reason

In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. The Minneapolis, MN average rent is currently at $2,113, but a single-bedroom apartment in Minneapolis, MN can be yours for as low as $775 per month. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Minneapolis, MN with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Minneapolis, MN costs a monthly $9,047.