Rentometer, Inc. | Data as of 10/22/2025
Minneapolis offers a dynamic rental market that balances historic charm with modern urban living. Apartment rentals range from compact studios in the $1100s to spacious three‑ and four‑plus bedroom units that often reach the $2000s, while houses typically start in the $1300s for a single bedroom and climb into the $3000s for larger families. Prospective renters appreciate the city’s blend of sleek high‑rise apartments in the North Loop and the vibrant, walkable neighborhoods of Uptown and Lyn‑Lake, where boutique shops, cafés, and cultural venues create an engaging lifestyle.
The city’s housing stock includes well‑maintained single‑family homes in neighborhoods like Kenwood and the Cedar‑Riverside area, offering quiet, tree‑lined streets and easy access to the Mississippi River waterfront. These residential options provide a range of layouts, from efficient one‑bedroom houses to expansive four‑plus bedroom homes suited for growing households. With a strong mix of apartments and houses, renters can find a setting that matches their preferences for urban excitement or suburban tranquility.
Minneapolis’s robust public transit, extensive park system—including the iconic Chain of Lakes—and proximity to major employers make it an appealing destination for professionals, students, and families alike. Whether you’re seeking the convenience of a downtown loft, the community feel of a historic neighborhood, or the spacious comfort of a suburban house, the Minneapolis rental market delivers diverse choices that cater to a variety of lifestyles and budgets.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,185 | $1,197 | $577 - $1,642 | $1,020 - $1,350 |
| Apartment | 1 Bedroom | $1,530 | $1,504 | $625 - $3,365 | $1,260 - $1,777 |
| Apartment | 2 Bedroom | $2,216 | $2,157 | $687 - $8,455 | $1,650 - $2,500 |
| Apartment | 3 Bedroom | $3,067 | $2,138 | $1,285 - $8,807 | $1,795 - $3,630 |
| Apartment | 4+ Bedroom | $1,758 | $1,282 | $675 - $3,250 | $800 - $2,900 |
| House | 1 Bedroom | $1,181 | $1,150 | $650 - $1,775 | $900 - $1,775 |
| House | 2 Bedroom | $1,839 | $1,700 | $751 - $5,600 | $1,450 - $1,900 |
| House | 3 Bedroom | $2,194 | $2,195 | $825 - $4,250 | $1,800 - $2,400 |
| House | 4+ Bedroom | $3,079 | $2,825 | $800 - $8,700 | $2,385 - $3,400 |
In the current period, the average rent in Minneapolis was $1,186 for Studio, $1,522 for 1 Bedroom, $2,155 for 2 Bedroom, $2,496 for 3 Bedroom, and $2,479 for 4+ Bedroom.
Data provided by Rentometer, Inc.