55 Furnished Apartments for rent in Minneapolis, MN

Last updated November 18 at 12:58pm UTC
1701 Madison Street NE
Logan Park
Minneapolis, MN
Updated October 14 at 2:36am UTC
2 Bedrooms
$1,850
Results within 1 miles of Minneapolis, MN
4228 Chowen Ave S
Linden Hills
Minneapolis, MN
Updated November 16 at 11:36am UTC
4 Bedrooms
$2,950
4648 W Lake Harriet Parkway
Linden Hills
Minneapolis, MN
Updated November 6 at 11:51am UTC
4 Bedrooms
$3,995
Results within 5 miles of Minneapolis, MN
2325 Parklands Road - Single Family Home
Lake Forest
St. Louis Park, MN
Updated September 26 at 3:43am UTC
5 Bedrooms
$6,995
4525 Park Commons Drive
Wolfe Park
St. Louis Park, MN
Updated October 18 at 7:41pm UTC
2 Bedrooms
$1,895
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November 2017 Minneapolis Rent Report

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

View full Minneapolis Rent Report
Rent Report
Minneapolis

November 2017 Minneapolis Rent Report

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

Minneapolis rents declined over the past month

Minneapolis rents have declined 0.7% over the past month, but have increased slightly by 1.6% in comparison to the same time last year. Currently, median rents in Minneapolis stand at $900 for a one-bedroom apartment and $1,130 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Minneapolis' year-over-year rent growth lags the state average of 3.3%, as well as the national average of 2.7%.

Minneapolis rents more affordable than many large cities nationwide

As rents have increased slightly in Minneapolis, a few large cities nationwide have seen rents grow more quickly. Minneapolis is still more affordable than most large cities across the country.

  • Minneapolis' median two-bedroom rent of $1,130 is slightly below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.6% increase in Minneapolis.
  • While Minneapolis' rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Indianapolis (+2.6%), Tulsa (+2.6%), and Raleigh (+2.6%).
  • Renters will find more reasonable prices in Minneapolis than most large cities. For example, 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.