Average Rent in Minneapolis, MN

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Current Versus Historical Minneapolis, MN Rents

Minneapolis rentals average $887 for a studio rental to $2,550 for a 4-bedroom rental. The median price of all currently available listings is $1,750, or roughly $21 per square feet.

For the apartment units and housing in July 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $113 (-11.12%) year-over-year from $1,012 to $899. 1-bedroom rentals prices have decreased by $814 (-31.75%) year-over-year from $2,564 to $1,750. 2-bedroom rentals prices have decreased by $1,705 (-43.94%) year-over-year from $3,880 to $2,175. 3-bedroom rentals prices have decreased by $103 (-5.35%) year-over-year from $1,915 to $1,813. 4-bedroom rentals prices have increased by $20 (0.79%) year-over-year from $2,530 to $2,550. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.07% this month. 1-bedroom rents have gone up by 24.76% this month. 2-bedroom rents have gone up by 19.18% this month. 3-bedroom rents have gone down by 1.00% this month. 4-bedroom rents have gone down by 3.71% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$24.61	$899	$1,012 (-11.12%)	$908 (-1.03%)
1 BR	$23.74	$1,750	$2,564 (-31.75%)	$1,238 (41.32%)
2 BR	$21.46	$2,175	$3,880 (-43.94%)	$2,098 (3.67%)
3 BR	$19.57	$1,813	$1,915 (-5.35%)	$1,851 (-2.07%)
4+ BR	$16.24	$2,550	$2,530 (0.79%)	$2,467 (3.38%)

Historical Rents in Minneapolis, MN

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Minneapolis

There are a total of 1 cities nearby Minneapolis. The average rent in Minneapolis is currently $1,025 per month. Only one city nearby has an average rent lower than that. Our records show that St. Paul, MN, with an average rent of $1,025, is the most affordable city nearby. In contrast, the most expensive city near Minneapolis, MN is St. Paul, MN. Monthly rents here are on average $1,025 per month.

Let's compare Minneapolis, MN's rent against other top cities nearby by bedroom size. Typically, rent for studios in Minneapolis, MN is 10.37% more expensive than other cities nearby. One bedrooms are about 33.46% more expensive. Two bedrooms in Minneapolis, MN are about 35.65% more expensive. Finally, rent for three bedrooms are about 8.11% more expensive. Want more information? Check out the top 1 cities near Minneapolis, MN in the following table.

City	Studio	1 Bed	2 Bed	All
St. Paul, MN	$795	$895	$1,155	$1,025

Top Neighborhoods Near Minneapolis

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Minneapolis

There are a total of 2 counties located by Minneapolis, MN. Some of these counties include St. Paul, MN and Minneapolis, MN. The average rent for rentals in these counties is $1,388. That's roughly around $19 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is St. Paul, MN. Its average rent per month is $1,025. Vice versa, with an average rent of $1,750, Minneapolis, MN is the most expensive county by Minneapolis, MN.

Typically, rent for studios in Minneapolis, MN is 5.19% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Minneapolis, MN is 16.73% more expensive than other counties nearby. Finally, rent for two bedrooms in Minneapolis, MN is 17.83% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
St. Paul, MN	$795	$895	$1,155	$1,025
Minneapolis, MN	$887	$1,345	$1,795	$1,750

Top Zipcodes Near Minneapolis

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Minneapolis Average Rents

What is the average rent price in Minneapolis, MN?

The average monthly rental price for Minneapolis, MN apartments for rent is approximately $1,750. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Minneapolis, MN rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Minneapolis, MN.

How much is a studio apartment in Minneapolis, MN?

The average monthly rental price for studio apartments is $887 and an average price per square feet of $24.61. There are a total of 10 studio apartment listings currently available for rent in Minneapolis.

How much is a one bedroom apartment in Minneapolis, MN?

The average monthly rental price for one bedroom apartments is $1,345 and an average price per square feet of $23.74. There are a total of 23 one bedroom apartment listings currently available for rent in Minneapolis.

How much is a two bedroom apartment in Minneapolis, MN?

The average monthly rental price for two bedroom apartments is $1,795 and an average price per square feet of $21.46. There are a total of 29 two bedroom apartment listings currently available for rent in Minneapolis.

How have rent prices in Minneapolis, MN changed this year?

Rent prices for rentals in Minneapolis, MN can fluctuate yearly. Specifically, studio rental prices have changed by -0.11%, one bedroom rental prices have changed by -0.32%, two bedroom rental prices have changed by -0.44%, three bedroom rental prices have changed by -0.05% year-over-year.

What is a reasonable rent price in Minneapolis, MN?

A reasonable rent price in Minneapolis, MN is around $1,400/month. You can search for these reasonably priced rental listings on RentHop.