Apartments & Condos for Rent in Minneapolis, MN

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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 March 2025, Minneapolis's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Minneapolis's average rent is 5.9% ($84) lower than the Minnesota average of $1,429 and 24.8% ($443) lower than the U.S. average of $1,788.

Average Rent
$1,345
Monthly ChangeMonth Over Month Change
Increased2.9% ($38)
Yearly ChangeYear Over Year Change
Decreased9.1% ($135)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,168 Increased1.1% ($13) Decreased4.7% ($58)
2 Beds $1,631 Increased4.4% ($68) Increased3.3% ($52)
3 Beds $2,208 Increased4.6% ($97) Increased6.7% ($138)
Nearby Cities Average Rent Avg. Rent vs. MinneapolisAverage Rent vs. Minneapolis Avg. Days on MarketAverage Days on Market
Hopkins $1,615 Increased20.1% ($270) 31 days
Saint Paul $1,452 Increased8% ($107) 31 days
Eden Prairie $1,437 Increased6.8% ($92) 37 days
Wayzata $1,475 Increased9.7% ($130) 36 days
Osseo $1,934 Increased43.8% ($589) 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 $1,345 per month.
Apartments in Minneapolis typically rent for between $818 and $2,870 per month, with an average of $1,345 per month.
In Minneapolis, the average rent for a 1-bedroom apartment is $1,168 per month, for a 2-bedroom apartment, $1,631 per month, and a 3-bedroom apartment is $2,208 per month.
The average rent in Minneapolis is 24.8% ($443) lower than the national average of $1,788 per month.
The average rent in Minneapolis has increased by 2.9% ($38) in the last month and decreased by 9.1% ($135) 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 1,261 rental property available in Minneapolis, MN.
Based on the current averages, a household would need an annual income of $65,240 to comfortably afford a 2-bedroom apartment in Minneapolis.
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