811 Washington Avenue S
811 Washington Avenue South
Minneapolis, MN
Updated May 23 at 09:29am
1 Bedroom
$1,495
2 Bedrooms
Ask
1726 Kenwood Pkwy
1726 Kenwood Parkway
Minneapolis, MN
Updated May 23 at 08:38am
2 Bedrooms
$3,200
3050 18th Ave S
3050 18th Avenue South
Minneapolis, MN
Updated May 23 at 08:38am
1 Bedroom
$1,650
2 Bedrooms
Ask
3143 Holmes Ave S
3143 Holmes Avenue South
Minneapolis, MN
Updated May 23 at 08:38am
2 Bedrooms
$2,800
725 8th st 725 8th St Se, Apt 207
725 8th Street Southeast
Minneapolis, MN
Updated May 23 at 08:38am
2 Bedrooms
$1,320
19 1st Street So.
19 South 1st Street
Minneapolis, MN
Updated May 23 at 08:38am
1 Bedroom
$1,300
3548 27th Ave S
3548 27th Avenue South
Minneapolis, MN
Updated May 23 at 07:31am
2 Bedrooms
$1,250
127 5th St NE Apt 308
127 5th Street Northeast
Minneapolis, MN
Updated May 23 at 07:31am
1 Bedroom
$2,150
3955 Girard Ave N
3955 Girard Avenue North
Minneapolis, MN
Updated May 23 at 07:31am
3 Bedrooms
$1,400
4415 E 38th St
4415 East 38th Street
Minneapolis, MN
Updated May 23 at 07:31am
2 Bedrooms
$1,595
4050 27th Ave S
4050 27th Avenue South
Minneapolis, MN
Updated May 23 at 07:31am
2 Bedrooms
$1,400
1503 Washington Street Northeast
1503 Washington Street Northeast
Minneapolis, MN
Updated May 23 at 07:05am
2 Bedrooms
$1,490
3146 Bloomington Ave
3146 Bloomington Avenue
Minneapolis, MN
Updated May 23 at 07:05am
2 Bedrooms
$1,200
401 2nd Street N
401 2nd Street North
Minneapolis, MN
Updated May 23 at 09:29am
2 Bedrooms
$2,395
212 10th Avenue
212 10th Avenue South
Minneapolis, MN
Updated May 23 at 09:29am
1 Bedroom
Ask
2 Bedrooms
$3,149
5615 Newton Avenue South
5615 Newton Avenue South
Minneapolis, MN
Updated May 23 at 12:44pm
3 Bedrooms
$2,690
1519 - 2nd St. N.E.
1519 2nd Street Northeast
Minneapolis, MN
Updated May 23 at 12:44pm
3 Bedrooms
$1,695
2208 - 2nd Street N.E. #1
2208 2nd St NE
Minneapolis, MN
Updated May 23 at 12:44pm
3 Bedrooms
$1,395
4351 Blaisdell Avenue
4351 Blaisdell Avenue
Minneapolis, MN
Updated May 23 at 12:44pm
4 Bedrooms
$2,190
5144 16th Avenue South
5144 16th Avenue South
Minneapolis, MN
Updated May 23 at 12:44pm
3 Bedrooms
$2,790
3216 3rd Avenue South
3216 3rd Avenue South
Minneapolis, MN
Updated May 23 at 12:44pm
3 Bedrooms
$2,680
325 6th Ave Se
325 6th Ave SE
Minneapolis, MN
Updated May 23 at 07:05am
Studio
$850
5025 Drew Avenue S
5025 Drew Avenue South
Minneapolis, MN
Updated May 23 at 09:29am
3 Bedrooms
$2,400
525 N 3rd Street
525 N 3rd St
Minneapolis, MN
Updated May 23 at 09:29am
1 Bedroom
Ask
2 Bedrooms
$3,950

Average Rent in Minneapolis

Last updated Apr. 2019
The average rent for a 1 bedroom apartment in Minneapolis is $905, while the average rent for a 2 bedroom apartment is $1,141.
Studio
$734
1 Bed
$905
2 Beds
$1,141
3+ Beds
$1,617
City GuideMinneapolis
Having trouble with Craigslist Minneapolis? Can't find that special apartment for rent on Apartment Finder or Zillow? Apartment List is here to help!
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.

May 2019 Minneapolis Rent Report

Welcome to the May 2019 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 cities throughout the state and nation.

View full Rent Report

May 2019 Minneapolis Rent Report

Welcome to the May 2019 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 cities throughout the state and nation.

Minneapolis rents increased slightly over the past month

Minneapolis rents have increased 0.2% over the past month, but have been relatively flat at 0.1% in comparison to the same time last year. Currently, median rents in Minneapolis stand at $910 for a one-bedroom apartment and $1,140 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in December of last year. Minneapolis' year-over-year rent growth lags the state average of 1.3%, as well as the national average of 1.5%.

    Rents rising across cities in Minnesota

    Throughout the past year, rents have remained steady in the city of Minneapolis, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in Minnesota, all of them have seen prices rise. The state as a whole logged rent growth of 1.3% 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 $1,810; of the 10 largest Minnesota cities that we have data for, all have seen rents rise year-over-year, with Rochester experiencing the fastest growth (+4.3%).
    • Burnsville, Hopkins, and Eden Prairie have all experienced year-over-year growth above the state average (3.2%, 3.1%, and 2.9%, respectively).

    Minneapolis rents more affordable than many large cities nationwide

    Rent growth in Minneapolis has been relatively stable over the past year - some other large cities have seen more substantial increases. Minneapolis is still 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 1.5% over the past year compared to the stagnant growth in Minneapolis.
    • While rents in Minneapolis remained moderately stable this year, similar cities saw increases, including Raleigh (+3.4%), Atlanta (+2.4%), and Denver (+2.0%); note that median 2BR rents in these cities go for $1,150, $1,200, and $1,350 respectively.
    • Renters will find more reasonable prices in Minneapolis than most large cities. For example, Miami has a median 2BR rent of $1,360.

    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
    0.2%
    0.1%
    St. Paul
    $980
    $1,230
    0.6%
    1.2%
    Eden Prairie
    $1,440
    $1,810
    0.4%
    2.9%
    Burnsville
    $1,100
    $1,390
    0.5%
    3.2%
    Minnetonka
    $1,190
    $1,510
    0
    2.9%
    Shakopee
    $1,110
    $1,400
    0.5%
    0.8%
    Hopkins
    $1,130
    $1,430
    1.2%
    3.1%
    See More

    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.

    Renter Confidence Survey

    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 Apartme...

    View full Minneapolis Renter Survey

    Here’s how Minneapolis ranks on:

    A
    Overall satisfaction
    B+
    Safety and crime rate
    A-
    Jobs and career opportunities
    A+
    Recreational activities
    B
    Affordability
    A-
    Quality of schools
    A-
    Social Life
    C
    Weather
    A
    Commute time
    B+
    State and local taxes
    A
    Public transit
    A-
    Pet-friendliness

    Overview of Findings

    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:

    • Minneapolis renters gave their city an A overall.
    • The highest-rated categories for Minneapolis were recreational activities (A+), commute time (A) and public transit (A).
    • The areas of concern to Minneapolis renters are weather and affordability, which received C and B grades, respectively.
    • Minneapolis millennials are very satisfied with their city, giving it an overall rating of A+, while renters who are parents are less satisfied, giving it a B+.
    • Minneapolis did relatively well compared to other Midwest cities like Omaha (B-), Kansas City (B) and Cleveland (C).
      • Minneapolis earned similar scores compared to other cities nationwide, including Raleigh (A), Boston (A) and Nashville (A-).
    • The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.

    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.

    View our national survey results here

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