Minneapolis, one of the largest cities in Minnesota, is known for its charming Midwestern personality. Located on the banks of the Mississippi River and surrounded by 22 lakes, it’s the perfect date spot for outdoor enthusiasts. The city also has a thriving art community with live music venues, eclectic festivals, and a vast network of museums and galleries. And with six professional sports teams calling the city home, fans will have plenty of games to attend.
Many apartments near Minneapolis’ metropolitan area are close to public transit and light rails, making it easy to get around. And downtown Minneapolis apartment dwellers can access the city’s Skywalk system, allowing them to walk indoors for miles to avoid winter weather.
With so much to offer, Minneapolis is an ideal home for those interested in moving to the Midwest. To find the perfect apartment complex in Minneapolis, don’t just type “apartments for rent near me” into Google and scroll for hours. Use Apartment List.
Simply download the Apartment List mobile app from Google Play or the App Store and complete our Renter Quiz. Our powerful AI algorithm will show hundreds of Minneapolis apartment listings that match your preference for criteria like ideal amenities, neighborhood location, and proximity to school, work, or transit. With a list of housing in Minneapolis for rent that fits your needs, you can quickly arrange to tour your favorites from the convenience of your phone.
Finding your dream apartment in the Twin Cities has never been easier.
To be considered affordable, an apartment in or near Minneapolis shouldn’t cost more than 30% of a renter’s monthly income. The cost of living in the city is slightly higher than the national average, so take that into account when budgeting for a Minneapolis apartment.
Here are the average rent costs in the city for the most common apartment types:
Before searching for housing in Minneapolis for rent, it’s important to learn these laws so you’re familiar with your rights as a tenant. Minnesota updated several rental laws as of January 1, 2024, including:
Currently, rents in Minneapolis are trending downward, decreasing by 0.2% year-over-year.
Welcome to the Apartment List April 2025 Rent Report for Minneapolis, MN. Currently, the overall median rent in the city stands at $1,383, after rising 1.3% last month. Prices remain down 0.7% year-over-year. Read on to learn more about what’s been happening in the Minneapolis rental market and how it compares to trends throughout the broader Minneapolis metro area and the nation as a whole.
The median rent in Minneapolis rose by 1.3% over the course of March, and has now decreased by a total of 0.7% over the past 12 months. Minneapolis’s rent growth over the past year has has fallen behind the state average (1.3%) and is similar to the national average (-0.4%).
Three months into the year, rents in Minneapolis have risen 2.8%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to March 2024 rents had increased 2.7%.
Minneapolis rents went up 1.3% in the past month, compared to the national rate of 0.6%. Among the nation's 100 largest cities, this ranks #13. Similar monthly rent growth took place in Scottsdale, AZ (1.4%) and Arlington, VA (1.3%).
Citywide, the median rent currently stands at $1,248 for a 1-bedroom apartment and $1,616 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,383. That ranks #55 in the nation, among the country's 100 largest cities.
For comparison, the median rent across the nation as a whole is $1,216 for a 1-bedroom, $1,370 for a 2-bedroom, and $1,384 overall. The median rent in Minneapolis is 0.1% lower than the national, and is similar to the prices you would find in Richmond, VA ($1,383) and Colorado Springs, CO ($1,382).
If we expand our view to the wider Minneapolis metro area, the median rent is $1,478 meaning that the median price in Minneapolis proper ($1,383) is 6.5% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at 1.2%, above the rate of rent growth within just the city.
The table below shows the latest rent stats for 17 cities in the Minneapolis metro area that are included in our database. Among them, Eden Prairie is currently the most expensive, with a median rent of $1,890. Brooklyn Park is the metro’s most affordable city, with a median rent of $1,318. The metro's fastest annual rent growth is occurring in Woodbury (5.6%) while the slowest is in Richfield (-2.6%).
You can also use the map below to explore the latest rent trends in the Minneapolis metropolitan area.
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin 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, capturing apartment transactions over time 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. For more details, please see the Apartment List Rent Estimate Methodology.
Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.
Welcome to the Apartment List April 2025 Rent Report for Minneapolis, MN. Currently, the overall median rent in the city stands at $1,383, after rising 1.3% last month. Prices remain down 0.7% year-over-year. Read on to learn more about what’s been happening in the Minneapolis rental market and how it compares to trends throughout the broader Minneapolis metro area and the nation as a whole.
Apartment List has released Minneapolis’ results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
"Minneapolis renters expressed general satisfaction with the city overall," according to Apartment List. "They gave most categories above average scores."
Key Findings in Minneapolis include the following:
Renters say:
"With its parks, walking paths, and many outdoor events, Minneapolis supports an active lifestyle." -David
"I absolutely love the feeling of Minneapolis. It has a ‘big city’ feel while also being environmentally friendly." -Sydney S.
"There is always something to do here, no matter what your interests are." -Emily M.
"Minneapolis is a great mid-sized city. In the summer, it’s perfect, but the winters are long and brutally cold." -Juliet C.
For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.
Minnesota, the Land of 10,000 Lakes, beckons with vibrant cities, stunning natural beauty, and a friendly atmosphere. But is it the right place for you? Whether you're a nature enthusiast seeking winter wonderlands or a career-minded individual looking for a stable economy, this guide will explore the pros and cons of moving to Minnesota, helping you decide if this charming state offers the perfect fit for your lifestyle.
Minneapolis is divided into east and west, defined by the Mississippi River, with Central in the city’s heart, just west of the Mississippi
View Minneapolis City GuideMinnesota, the Land of 10,000 Lakes, beckons with vibrant cities, stunning natural beauty, and a friendly atmosphere. But is it the right place for you? Whether you're a nature enthusiast seeking winter wonderlands or a career-minded individual looking for a stable economy, this guide will explore the pros and cons of moving to Minnesota, helping you decide if this charming state offers the perfect fit for your lifestyle.
Minneapolis is divided into east and west, defined by the Mississippi River, with Central in the city’s heart, just west of the Mississippi
The representation of ethnic minorities in Minneapolis is lower than the national average. The eight main ethnic groups that make up the population of Minneapolis are White (61.1%), Black Or African American (16.4%), Hispanic Or Latino (9.8%), Two Or More (6.3%), Asian (5.1%), Other (0.7%), American Indian Or Alaska Native (0.6%), and Native Hawaiian Or Other Pacific Islander (0%).
The representation of ethnic minorities in Minneapolis is lower than the national average. The eight main ethnic groups that make up the population of Minneapolis are White (61.1%), Black Or African American (16.4%), Hispanic Or Latino (9.8%), Two Or More (6.3%), Asian (5.1%), Other (0.7%), American Indian Or Alaska Native (0.6%), and Native Hawaiian Or Other Pacific Islander (0%).
Apartment List has released the results for Minneapolis from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
