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494 apartments for rent near Minneapolis, MN

Studio
$1,475
1 Bed
$1,880
2 Bed
$2,285
1 Bed
$1,074
2 Bed
$1,986
1 Bed
$1,645
2 Bed
$2,120
Studio
$1,140
1 Bed
$1,415
2 Bed
$1,880
Studio
$1,425
1 Bed
$1,695
2 Bed
$2,290
Studio
Ask
1 Bed
$1,719
2 Bed
$2,080
Studio
$828
1 Bed
$870
2 Bed
$1,305
Studio
$1,285
1 Bed
$1,660
2 Bed
$2,045
Studio
$1,090
1 Bed
$1,245
2 Bed
Ask
1 Bed
$1,415
2 Bed
$1,820
Studio
$1,450
1 Bed
$1,900
2 Bed
$2,600
Studio
$1,280
1 Bed
$1,450
2 Bed
$2,195
Studio
$1,125
1 Bed
$1,425
2 Bed
$2,200
1 Bed
$1,050
2 Bed
$1,430
1 Bed
$1,650
2 Bed
$2,620
1 Bed
$1,595
2 Bed
$1,995
3 Bed
Ask
1 Bed
Ask
2 Bed
$1,895
1 Bed
$1,390
2 Bed
Ask
Studio
Ask
1 Bed
$925
2 Bed
Ask
Studio
Ask
1 Bed
$907
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City Guide
Minneapolis
Lakes? You Betcha!

Minneapolis is located in southeast Minnesota on both banks of the Mississippi River, just north of where the Minneapolis River and the Mississippi meet. Minneapolis is known as the “City of Lakes” and earns that title with its more than twenty lakes and wetlands. Translation: no matter where you rent an apartment in the city, you’re sure to be close to a lake. Ready to dive in? Let us help you find that perfect Minneapolis apartment.

Split by the Mississipp’

Minneapolis is divided into east and west, defined by the Mississippi River, with Central in the city’s heart, just west of the Mississippi. Southwest and South are (rather intuitively) below Central and west of the Mississippi, North and Northeast are above Central, and Southeast is (rather non-intuitively) located directly east of Central. Northeast and Southeast are the only two communities east of the Mississippi. These six general areas break down into eleven distinctive communities, and each community further breaks down into smaller neighborhoods.

Traffic in Minneapolis isn’t that bad, so consider basing your apartment search more on finding a community that fits your personality than on job proximity. Speaking of traffic, the City of Lakes has many green options for your commute, including a system of light metro rail trains as well as commuter trains that stretch to the suburbs. Bike Magazine also rated Minneapolis the #1 Bike-Friendly City in 2010, so if you can’t leave home without your ten-speed, you’ll love this area when it’s not too cold. If you do decide to keep your car and live in the downtown area make sure you factor in the cost of a parking garage for your apartment or an assigned parking spot. Parking can add up to $100 to your monthly rent.

Prince is a famous Minneapolitan, and since we really love Prince, we’ve named the city’s six main areas after his songs: Do It All Night, 1999, Little Red Corvette, I Would Die 4 U, She’s Always In My Hair, and Raspberry Beret.

Do It All Night: Central

Downtown Minneapolis is located in the Central community, in the very heart of the city. This area includes the park-filled neighborhoods of Elliot Park and Loring Park, affordable Stevens Square, historic and boutique-filled North Loop/Warehouse District, and clubby Downtown. If you can’t live without your live sports fix, you’ll want to make Downtown East near the Metrodome your home base, and if you get high off of high rises, you can raise the roof in Downtown West. Despite the limited outdoor space downtown apartments have gone out of their way to try and accommodate renters with dogs and cats. Most apartments are pet-friendly (for a fee) and a few of the new buildings in downtown even have their own on-site dog parks.

If you love Downtown, but hate city driving, you can ditch your car; Minneapolis’ easy and guaranteed light rail system is headquartered here. The Central community is dominated by educated single younger adults without children and is one of the pricier places to rent, so expect to pay for a 1BR apartment in the heart of Downtown.

1999: South

South Minneapolis is located in the southeast corner of the city, west of the Mississippi (not to be confused with the Southeast area), and it contains the most diverse, outdoorsy and literary Minneapolitans, as well as the awesome Milwaukee Avenue Historic District. Phillips and Powderhorn are the most diverse and cultural communities in Minneapolis. A 1BR apartment in either of these communities will be quite affordable: $.

The literary Longfellow community and the outdoorsy Nokomis community are better bets for more upscale living, as both areas have highly educated, upper middle class residents. Almost every neighborhood in Longfellow is named after a literary figure, and the Milwaukee Avenue Historic District holds the most liberal people in Minneapolis. Nokomis has many large lakes, but keep in mind that it is located 5 minutes from the airport so if noise from overhead flights is an issue you may want to consider moving elsewhere. On the plus side, the Metropolitan Airport Commission has paid for roof insulation and new windows on most of the buildings in this neighborhood, so what once was loud is now a bit more muffled (once you’re indoors, that is).

For a 2BR apartment in either of these neighborhoods, expect to pay $$.

Little Red Corvette: Southwest

The Southwest area of Minneapolis, located south of Central and west of the Mississippi includes both the Calhoun Isle community, and the Southwest community. This area is very swanky, with the biggest lakes and the high-end Uptown shopping district. The Southwest community is filled with small upscale boutiques and the educated middle aged couples who live there are proud that their community breaks wildly from the traditional grid road pattern that the rest of the city follows. A 2BR townhome here will run you $$$.

Calhoun Isle is younger and more hip than Southwest, but this community is still very expensive. If you’re looking for a really awesome pad, try one of the apartments in the historic mansions and estates located in the Lowry Hill neighborhood. These apartments often include all the amenities, but sometimes an apartment with an in unit washer and dryer and on-site gym will have additional fees. A 1BR apartment there will cost $$.

I Would Die 4 U: North

North Minneapolis, called “NoMi” by the locals, is located in the northwest corner of the city, west of the Mississippi, and contains the communities of Near North and Camden. Near North houses a variety of people. A 2BR apartment anywhere in Near North will cost $$, but prices rise slightly in the Sumner Glenwood neighborhood. Camden has an older demographic than Near North, your neighbors there would be mostly middle-aged parentss. A 2BR house in Camden is really affordable ($$), but rent gets steep in the Lind-Bohanen neighborhood.

NoMi has a mixed reputation. Victory, in the Camden community, is known to be a place to call home.

She’s Always In My Hair: Northeast

Northeast is the only community located in the northeast part of Minneapolis, east of the Mississippi. We gotta admit, the east side has serious character. Northeast is a historic district, and used to be solely populated by Eastern European immigrants, but the area has gone through a recent revitalization. Now, Northeast is a highly diverse working class area that’s home to hipsters and the indie youth culture, and all the cool things that hipsters embrace, like farmer’s markets, a local art scene, and low rents. Still not convinced of the area’s awesomeness? How about the ability to find beautiful churches next to fantastic specialty food stores, next to your classic 1BR house, all for $? If you’ve got more money you can look for homes in Waite Park and Audubon Park ($$)..

Raspberry Beret: Southeast

Southeast is located east of the Mississippi and east of Central. The area’s not really south, but it is really cool. The only community in the Southeast area is University, which, you guessed it, is right near the University of Minnesota. Who knew? Single college kids and their highly educated professors populate this area, and the entire community is super affordable. Since a one bedroom apartment almost anywhere in University will only cost you $, you can choose to live in your perfect neighborhood.

Heaven for you might be the very diverse Cedar-Riverside neighborhood, which not only has a hot music scene, but also boasts the second largest live theater scene in the entire U.S. Or, you might prefer community-friendly Prospect Park. If you want to go shopping every day, you would feel at home in Nicollet Island, but if you want to cruise the bars and restaurants searching for a date, Dinkytown (AKA College Central) would be the place for you. No matter where you live in University, the area is pedestrian-friendly..

What Rhymes With “In the Know”?

Snow. Minneapolis has a lot of wonderful opportunities and neighborhoods, but it’s also the coldest city in the contiguous U.S. and you had better like snow to live here. Yes, Minnesota has citywide Wi-Fi and is home to a lot of cool techies. Yes, Minnesota is the third most literate metropolitan area in the nation. Yes, the area has more golfers per capita and is one of the best cities in America for running and biking (as well as many other outdoor sports), but if you want to be a Minneapolitan, you have to be able to handle the possibility of receiving over ninety-eight inches of snow in a single winter. So make sure to bring a jacket (or six).

However, even with the snow, Minneapolis was rated in 2011 as one of Forbes Best Cities for an Active Retirement. With four of the nations best hospitals, an incredibly philanthropic community, and all those outdoors sports, the City of Lakes would be a great place to retire, raise a family, or spend your prime.

Rental Price Monitor
Minneapolis
April 2015: Minneapolis - St. Paul Rental Price Monitor

Rent Growth: Minneapolis vs the US

In April, 1 bedroom rents in the city of Minneapolis averaged $1000 and 2 bedroom rents averaged $1300. This puts Minneapolis average 2 bedroom rents 30% above the national average. Across the Minneapolis – St. Paul metro area, average rents were $1140 for a 2 bedroom. That suggests renters are willing to pay a small premium to live in city boundaries.

While a 2 bedroom in the Twin Cities metro area will cost $160 more than the national average, rents there have risen 4.2% over last year compared with an average growth of 2.5% nationwide.

Rents in Top Twin Cities Suburbs

There is a $520 price difference between the most and least expensive suburb in the Twin Cities area. Here are some key statistics about surrounding cities:

  • Edina is the priciest major suburb in the Twin Cities metro area, with 1 bedrooms averaging $1100 and 2 bedrooms averaging $1430. Although Edina rents are only up 2% from April 2014, it is still 25% above averages for the Twin Cities metro.
  • Rents in Minneapolis ($1300) rose the fastest, up 7% from April 2014. That's nearly 3x as fast as the national average the national growth.
  • Brooklyn Park, a small city just north west of Minneapolis, is the cheapest major suburb and one of just 2 suburbs that are less expensive than the national average at $910 for a 2 bedroom.

Top 10 Most Expensive Minneapolis Neighborhoods

  • The Warehouse District remains the most expensive neighborhood in Minneapolis, with an average 2 bedroom rent price of $2750—more than 2.5 times the national average.
  • North Loop is the second most expensive Minneapolis neighborhood with 2 bedroom prices at $2250.
  • Prospect Park is the most affordable neighborhood at just $930 per month for a 2 bedroom.

Full Data:

City Median Price (1BR) M/M Change (1BR) Y/Y Change (1BR) Median Price (2BR) M/M Change (2BR) Y/Y Change (2 BR)
Edina $1110 0.8% 9.9% $1430 2.1% 2.0%
Plymouth $1150 -0.4% 1.5% $1320 1.0% 4.6%
Minneapolis $1000 0.4% 6.2% $1300 0.9% 7.0%
Woodbury $1080 0.0% 0.0% $1280 1.3% 1.2%
Eden Prairie $1060 1.3% 3.3% $1270 -1.6% 6.1%
Minnetonka $990 -0.3% 4.4% $1250 -1.1% 1.9%
St. Louis Park $950 1.0% 3.0% $1240 1.6% 2.9%
Maplewood $870 0.0% 1.4% $1210 0.0% 1.9%
Bloomington $910 0.1% 2.0% $1200 0.8% 1.2%
Roseville $870 -0.4% 6.5% $1100 -0.2% 3.1%
St. Paul $780 0.7% 2.8% $950 0.9% 1.8%
Brooklyn Park $740 0.8% 3.1% $910 0.6% 2.7%
Neighborhood Median Price (2BR)
Warehouse District $2750
North Loop $2250
Lyn Lake $2200
Downtown East $2180
Cedar Isles - Dean $2090
Downtown West $1980
Elliot Park $1780
Loring Park $1760
Lowry Hill $1680
CARAG $1380
Stevens Square $1260
Windom Park $1250
Hiawatha $1180
Lowry Hill East $1180
Harrison $1170
Whittier $1050
Como $1040
Holland $1040
Linden Hills $1030
Windom $1020
Near North $1000
Prospect Park $930

Methodology:

Apartment List RPM data is drawn from several hundred thousand monthly listings on our site. All average prices are calculated as the median for the specified size and time period. For top city rankings, we calculated median 1 bedroom and 2 bedroom rents in 100 top cities and then ranked them by 2 bedroom rents. Price changes are calculated using a “same unit” methodology similar to the Case-Shiller “repeat sales” home prices methodology, and averages are not value weighted.

Minneapolis Renter Confidence Survey
National study of renter confidence in the economy, homeownership, and cities
Here's how Minneapolis ranks on:
A- Plans for homeownership
A+ City satisfaction
A+ Confidence in the local economy
A Safety and crime rate
A+ Access to recreational activities
A Quality of schools
B State and local taxes
A Satisfaction with daily commute
Best Worst
Full data available when viewing on a non-mobile device.
Overview of Findings

Apartment List has released Minneapolis's results from the first annual Apartment List Renter Satisfaction Survey. The survey, which drew on responses from over 18,000 renters, provides new insights into what states and cities must do to meet the needs of the 105 million American renters nationwide.

"Minneapolis renters report an extremely high degree of satisfaction with their city, and are very confident in the local economy," says Andrew Tam, Vice President of Data Science at Apartment List. "The US renter population is at its highest level in 20 years, and Minneapolis' strong economy appeals to them."

Key findings in Minneapolis include the following:

  • Minneapolis renters give their city an A+ overall, ranking it 10th out of 100 cities.
  • Minneapolis renters give the city an A+ for the economy, with 42% saying that it is on the right track.
  • 66% of Minneapolis renters plan to purchase a home in the future, higher than the national average of 60%.
  • In addition to receiving an A+for its economy, Minneapolis an A+ for access to recreational activities.
  • Minneapolis' lowest grade is on taxes: 59% of renters are dissatisfied with state and local taxes.
  • Two Minnesota cities ranked with Minneapolis earning an A+ and Saint Paul following with an A-.
  • The top rated cities nationwide for city satisfaction were Plano, TX; Boston, MA; Arlington, VA; Austin, TX; and Torrance, CA. The lowest rated cities were Newark, NJ; New Haven, CT; Bridgeport, CT; Hartford, CT; and Columbia, SC.

A detailed report explaining the survey's methodology, analysis, and findings is available upon request. To obtain a copy, please email Andrew Tam, Apartment List's Vice President of Data Science, at andrew@apartmentlist.com.