Minneapolis rents grew over the past month
Minneapolis rent prices increased by 0.7% in the last month, bringing year-over-year growth to 3.4%. 1-bedrooms in Minneapolis have a median rent of $1,360, while 2-bedrooms cost $1,640.
Minneapolis has the 3rd highest rents
- Minnetonka: Minnetonka is the most expensive city for renters in the metro. A 2-bedroom in Minnetonka has a median rent of $1,730, while 1-beds cost $1,300. Minnetonka rents have grown by 5.2% in the past year.
- Plymouth: Plymouth has the 4th highest rents in the Minneapolis metro. Median rents there are at $1,510 for 2-bedrooms and $1,230 for 1-bedrooms. Rents in Plymouth have grown by 4.0% in the last year, and prices grew by 1.8% over the past month.
- St. Paul: In St. Paul, 2-bedrooms rent for $1,200, and 1-bedrooms run a median rent of $1,000. St. Paul rent prices increased by 3.1% over the past year.
Eden Prairie shows the fastest-growing rents
- Eden Prairie: Having experienced a 5.7% increase in rent prices over the last year, Eden Prairie shows the fastest-growing rents. 2-bedrooms there cost $1,410, and 1-bedrooms go for $1,210.
- St. Louis Park: Rents in St. Louis Park have grown by 5.2% in the past year and grew by 0.8% over the past month. A 2-bedroom there has a median rent of $1,700, and 1-bedrooms run $1,340.
- Burnsville: Burnsville shows the 4th fastest-growing rents in the metro, at a 4.6% increase over last year. 1- and 2-bedrooms in Burnsville cost $1,020 and $1,230, respectively.
|City||Median 1 BR price||Median 2 BR price||M/M price change||Y/Y price change|
|St. Louis Park||$1340||$1700||0.8%||5.2%|
Apartment List Rent Report data is drawn monthly from the millions of listings on our site. 1-bedroom and 2-bedroom rents are calculated as the median for units available in the specified size and time period. Price changes are calculated using a “same unit” methodology similar to the Case-Shiller “repeat sales” home prices methodology, taking the average price change for units available across both time periods.
About Rent Reports:
Apartment List’s Rent Reports cover rental pricing data in major cities, their suburbs, and their neighborhoods. We provide valuable leading indicators of rental price trends, highlight data on top cities, and identify the key facts renters should know. As always, our goal is to provide price transparency to America’s 105 million renters to help them make the best possible decisions in choosing a place to call home.