41 Furnished Apartments for rent in Minneapolis, MN

Last updated July 18 at 7:40pm UTC
4015 13th Avenue South
Bancroft
Minneapolis, MN
Updated July 18 at 10:14am UTC
2 Bedrooms
$1,700
4648 W Lake Harriet Parkway
Linden Hills
Minneapolis, MN
Updated July 17 at 9:23am UTC
4 Bedrooms
$3,750
201 S 11th Street
Downtown West
Minneapolis, MN
Updated July 17 at 2:51am UTC
Studio
$1,600
172 14th Ave NE Upper
Sheridan
Minneapolis, MN
Updated July 13 at 10:03am UTC
2 Bedrooms
$1,695
2544 Huntington Avenue
Fern Hill
St. Louis Park, MN
Updated July 18 at 2:34pm UTC
4 Bedrooms
$8,000
20 2nd Street NE
Nicollet Island
Minneapolis, MN
Updated July 18 at 6:49pm UTC
1 Bedroom
$1,395
Results within 1 miles of Minneapolis, MN
521 2nd Street SE
Marcy - Holmes
Minneapolis, MN
Updated July 14 at 6:53am UTC
1 Bedroom
$1,995
5140 York Avenue S
Fulton
Minneapolis, MN
Updated July 16 at 10:29am UTC
4 Bedrooms
$3,950
2041 Laurel Ave
Merriam Park West
St. Paul, MN
Updated July 18 at 5:34pm UTC
3 Bedrooms
$2,800
Results within 5 miles of Minneapolis, MN
433 S 7th Street
Downtown West
Minneapolis, MN
Updated July 17 at 11:07pm UTC
1 Bedroom
$1,400

July 2018 Minneapolis Rent Report

Welcome to the July 2018 Minneapolis Rent Report. Minneapolis rents remained steady over the past month. In this report, we'll evaluate trends in the Minneapolis rental market, including comparisons to cities throughout the state and nation.

View full Minneapolis Rent Report
Rent Report
Minneapolis

July 2018 Minneapolis Rent Report

Welcome to the July 2018 Minneapolis Rent Report. Minneapolis rents remained steady over the past month. In this report, we'll evaluate trends in the Minneapolis rental market, including comparisons to cities throughout the state and nation.

Minneapolis rents held steady over the past month

Minneapolis rents have remained steady over the past month, but are down slightly by 0.1% year-over-year. Currently, median rents in Minneapolis stand at $910 for a one-bedroom apartment and $1,140 for a two-bedroom. Minneapolis' year-over-year rent growth lags the state average of 2.1%, as well as the national average of 1.4%.

Rents rising across cities in Minnesota

While rent decreases have been occurring in the city of Minneapolis over the past year, cities in the rest of the state are seeing the opposite trend. Rents have risen in 9 of the largest 10 cities in Minnesota for which we have data. The state as a whole logged rent growth of 2.1% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Eden Prairie is the most expensive of all Minnesota's major cities, with a median two-bedroom rent of $1,790; of the 10 largest Minnesota cities that we have data for, 9 have seen rents rise year-over-year, with Hopkins experiencing the fastest growth (+7.6%).
  • Anoka, Chaska, and Minnetonka have all experienced year-over-year growth above the state average (3.4%, 3.3%, and 3.1%, respectively).

Minneapolis rents more affordable than many large cities nationwide

As rents have fallen slightly in Minneapolis, many large cities nationwide have seen prices increase, in some cases substantially. Minneapolis is also more affordable than most large cities across the country.

  • Minneapolis' median two-bedroom rent of $1,140 is slightly below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 0.1% decline in Minneapolis.
  • While rents in Minneapolis fell slightly over the past year, many cities nationwide saw increases, including Atlanta (+1.9%), Indianapolis (+1.8%), and Miami (+1.8%).
  • Renters will find more reasonable prices in Minneapolis than most large cities. For example, Miami has a median 2BR rent of $1,370.

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.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Minneapolis $910 $1,140 0.0% -0.1%
St. Paul $970 $1,230 0.4% 2.6%
Eden Prairie $1,420 $1,790 0.7% 1.7%
Burnsville $1,080 $1,360 0.6% 2.7%
Minnetonka $1,160 $1,470 -0.3% 3.1%
Chaska $1,050 $1,320 0.3% 3.3%
Hopkins $1,110 $1,400 0.7% 7.6%
Anoka $940 $1,190 0.3% 3.4%

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.