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Studio Apartments for Rent in Minneapolis, MN
393 Rentals Available

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Average rent in Minneapolis, MN

$1,660/mo Minneapolis, MN average rental price, February 2023
Image Average Rent

Apartments in Minneapolis, MN rent for $1,660 per month, on average.

    Minneapolis, MN apartment rent ranges

    13% of apartments in Minneapolis, MN are priced between $701-$1,000. About 37% charge rents in the $1,001-$1,500 range. Approximately 28% of Minneapolis’s apartment rentals are priced between $1,501-$2,000. Meanwhile, 22% of apartments are in the most expensive > $2,000 range.

    Minneapolis, MN rent trends

    Check out the average rent prices in Minneapolis by neighborhood.

    The average monthly rent in Minneapolis, MN is around $1,660, while the national average rent is $1,702.

    Getting around in Minneapolis, MN

    85 /100
    Very Walkable
    72 /100
    Excellent Transit
    96 /100
    Biker's Paradise
    Walk Score®: 85, Transit Score®: 72, Bike Score®: 96

    Frequently asked questions

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

    The price range of a studio apartment is between $678 and $5,389. Search our studio apartments in Minneapolis, MN.

    How many studio apartments for rent are available in Minneapolis, MN on RentCafe?

    There are 285 studio rentals available on RentCafe. Prices and availability in Minneapolis, MN were last updated on 30 Mar 2023.

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

    The average Minneapolis, MN studio apartment size is 490 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

    The total population of Minneapolis, MN is 425,091, of which 215,689 are men and 209,402 are women, according to the most recent U.S. Census Bureau estimates. The residents of Minneapolis have a median age of 32.7.

    Minneapolis, MN households

    • 79,362 Family
      103,057 Non-family
    • 40,623 Children
      141,796 No Children
    • 182,419Total Number of Households
    • 2.24Average People Per Household
    • $70,099Median Household Income

    A total of 182,419 households live in Minneapolis, MN, of which 79,362 are family households and 103,057 are non-family households, per U.S. Census estimates. Of these, approximately 40,623 households have children and 141,796 households do not have children. The average size of a household in Minneapolis, MN is 2.24. The median household income in Minneapolis is $70,099 annually, with $1,326 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, 20% went to high school, 20% have some college education, 7% earned an Associate Degree, 31% earned a Bachelor Degree, and 18% earned a Graduate Degree.

    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!

    Renting a studio apartment in Minneapolis, MN

    Studio apartments are becoming more popular than ever. Just type the two words in your search box and you’ll discover an infinite number of pages praising these single bedroom apartments and offering invaluable advice on how to transform yours into the perfect home. Whether you’re looking to put some money aside, or you just want to declutter and downgrade, RentCafe will help you choose from a fine selection of 25 Minneapolis, MN properties. About 25 rental units are located in Minneapolis, MN, with the average rent currently at $679. The average size for a Minneapolis, MN studio apartment is 521 Sqft, but it doesn’t hurt to know that not all studios are the same. If you’re looking for cheap apartments, you can find a great deal for as low as $432. One room apartments with the kitchen in the main room are usually the most affordable. Opting for a cheap studio is a great decision for your wallet, even if it might take some getting used to living in a smaller space.

    They’re not called efficiency apartments for nothing

    We might all be victims of the “go big or go home” philosophy, but just think about all the benefits a small apartment can bring. Choosing an efficiency apartment means that you can live in the best part of town. Also, imagine how little time you’ll have to spend cleaning or how little money you need to spend on furniture and decor. Once you find an efficiency apartment you like, don’t let it slip away. You can apply for a lease online right here on RentCafe. If you still want to go bigger and you’re not on a tight budget, you can check out some bachelor flats that have a separate kitchen. They tend to cost more than a one room apartment, the most expensive studios in Minneapolis, MN renting for up to $1,071. Regardless of your preference, among the 25 Minneapolis, MN apartments are, you’re sure to find a studio that fits your lifestyle and your personal taste.

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