Apartments & Homes for Rent in Minneapolis, MN

1-20 of 1,287 rentals
Viewing 1-20 of 1,287 rentals in Minneapolis
What to Know About

Living in Minneapolis, MN

Minneapolis is a city that combines the best of both worlds - the raw beauty of nature and the vibrancy of urban life. Part of the charming "Twin Cities" duo, along with its sister city, St. Paul, Minneapolis, has a lot to offer. Get ready for a mouth-watering experience with the city's festive food and craft beer scene, upscale boutiques, and splendid parks. Embrace the city's artistic culture and visit iconic institutions such as the Walker Center for the Arts, Minneapolis Institute of Art, the Minnesota Orchestra, and Guthrie Theater. If you feel more adventurous, join the Minneapolis St. Paul or the Twin Cities Marathons.

Sports aficionados will be in paradise with the presence of professional teams such as the Minnesota Vikings (NFL), Minnesota Wild (NHL), Minnesota Timberwolves (NBA), and Minnesota Twins (MLB). In addition, outdoor enthusiasts can explore hidden gems showcasing the city's breathtaking natural beauty, from the enchanting Minnehaha Regional Park to the stunning Calhoun Lake and the Chain Lakes.

Minneapolis is a city that offers the perfect blend of a fulfilling lifestyle and ample opportunities to build your ideal future, which is why it's such a great place to live.

Rental Market Trends

Minneapolis, MN

As of April 2025, Minneapolis's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Minneapolis's average rent is 2.4% ($34) lower than the Minnesota average of $1,425 and 22.7% ($408) lower than the U.S. average of $1,799.

Average Rent
$1,391
Monthly ChangeMonth Over Month Change
Increased3.4% ($46)
Yearly ChangeYear Over Year Change
Decreased2.2% ($32)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,177 Increased0.8% ($9) Decreased2.2% ($27)
2 Beds $1,674 Increased2.6% ($43) Increased9% ($138)
3 Beds $2,298 Increased4.1% ($90) Increased7.5% ($160)
Nearby Cities Average Rent Avg. Rent vs. MinneapolisAverage Rent vs. Minneapolis Avg. Days on MarketAverage Days on Market
Hopkins $1,573 Increased13.1% ($182) 31 days
Saint Paul $1,425 Increased2.4% ($34) 31 days
Eden Prairie $1,522 Increased9.4% ($131) 37 days
Wayzata $1,467 Increased5.5% ($76) 36 days
Osseo $1,900 Increased36.6% ($509) 34 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Minneapolis Rental Market FAQs

Explore rental prices, market trends, and availability in Minneapolis, MN.

The average rent in Minneapolis, MN is $1,391 per month.
Homes in Minneapolis typically rent for between $824 and $2,987 per month, with an average of $1,391 per month.
In Minneapolis, the average rent for a 1-bedroom home is $1,177 per month, for a 2-bedroom home, $1,674 per month, and a 3-bedroom home is $2,298 per month.
The average rent in Minneapolis is 22.7% ($408) lower than the national average of $1,799 per month.
The average rent in Minneapolis has increased by 3.4% ($46) in the last month and decreased by 2.2% ($32) over the past year.
The rental market in Minneapolis, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Minneapolis, MN, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1,287 rental property available in Minneapolis, MN.
Based on the current averages, a household would need an annual income of $66,960 to comfortably afford a 2-bedroom home in Minneapolis.
List Your Property For Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, and Craigslist Minneapolis to attract quality tenants faster and take your listings to the next level.

Was this page helpful?  HelpfulUnhelpful