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179 Apartments for rent in Minneapolis, MN

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Last updated August 17 at 2:35AM
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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.

Rent Report
Minneapolis

August 2017 Minneapolis Rent Report

Welcome to the August 2017 Minneapolis Rent Report. Minneapolis rents increased over the past month. In this report, we'll evaluate trends in the Minneapolis rental market, including comparisons to similar cities nationwide.

Minneapolis rents increased significantly over the past month

Minneapolis rents have increased 0.5% over the past month, and are up moderately by 2.4% in comparison to the same time last year. Currently, median rents in Minneapolis stand at $910 for a one-bedroom apartment and $1,150 for a two-bedroom. This is the sixth straight month that the city has seen rent increases after a decline in January. Minneapolis' year-over-year rent growth lags the state average of 3.3%, as well as the national average of 2.9%.

Minneapolis rents more affordable than many similar cities nationwide

Rent growth in Minneapolis has been relatively stable over the past year - some other large cities have seen more substantial increases, while in a few cases, rents have actually declined. Minneapolis is still more affordable than most other large cities across the country.

  • Minneapolis' median two-bedroom rent of $1,150 is below the national average of $1,160. Nationwide, rents have grown by 2.9% over the past year.
  • While rents in Minneapolis remained moderately stable this year, similar cities saw increases, including Chicago (+4.6%), Raleigh (+3.8%), Denver (+2.7%); note that median 2BR rents in these cities go for $1,290, $1,130, and $1,350 respectively.
  • Renters will find more reasonable prices in Minneapolis than most comparable cities. Comparably, Miami has a median 2BR rent of $1,350.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

Minneapolis Renter Confidence Survey
National study of renter confidence in the economy, homeownership, and cities
Here's how Minneapolis ranks on:
A Overall satisfaction
A- Safety and crime rate
A Jobs and career opportunities
A- Recreational activities
B Affordability
B Quality of schools
C- Weather
B+ Commute time
B State and local taxes
A Public transit
B+ Pet-friendliness
Best Worst
Full data available when viewing on a non-mobile device.
Overview of Findings

Apartment List has released results for Minneapolis from the second annual Apartment List Renter Satisfaction Survey. The survey, which drew on responses from over 30,000 renters, provides insight into what states and cities must do to meet the needs of the 105 million American renters nationwide.

“Renters in Minneapolis seem to be very satisfied with their city,” says Andrew Woo, Director of Data Science at Apartment List. “They gave average or above average scores in almost all categories.”

Key findings in Minneapolis include the following:

  • Minneapolis renters gave their city an A overall for satisfaction.
  • The highest-rated categories for Minneapolis were its local jobs and career opportunities category (A), safety (A-), access to public transit (A), and access to parks (A-).
  • Renters here seem to be relatively well satisfied with the quality of local schools (B), state and local taxes (B), and affordability/cost of living (B).
  • Weather seemed to be the biggest issue for Minneapolis renters, who gave this category a C- rating.
  • Both millennial renters and renters who are parents are very satisfied with life in this city, with both groups of people giving it an A. This is relatively unique, given that in most other cities there was a large discrepancy between the rating that millennials gave, compared to parents.
  • Relative to other cities like Indianapolis (B) and Columbus (B), Minneapolis came out on top, and did much better than others like Detroit (D).
  • The top rated cities nationwide for renter satisfaction included Arlington, VA; Lincoln, NE; Pasadena, CA; Boston, MA; and Madison, WI. The lowest rated cities included Newark, NJ; Bronx, NY; Bridgeport, CT; Baltimore, MD; and Salinas, CA.

Renters say:

  • “I really enjoy the fact that I live within 20 minutes from just about anywhere. Restaurants, theaters, grocery stores, parks, and walking paths. The neighborhood is peaceful. I really have no complaints when it comes to living in this area.” —Seth H.
  • “My city is very lively and always has events going on for almost everyone. It also gives people opportunities to find jobs and have a successful career. I do not like that it sometimes has too many people, and that tends to bring in some rougher crowds…” —Anon.
  • “I love that it has lots to do, lots of young people around my age; there are plenty of trails and places to get outside and exercise. I wish it was a little more dog friendly when it came to renting, and I wish it was more affordable, especially for young people right out of college trying to save money.” —Samantha K.
  • “Vibrant community with a lot to do for a young person, but the cold sometimes keeps me inside.” —Roxana K.