What's the average rent in Minneapolis, MN?
Rental Market Trends in Minneapolis, MN
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Minneapolis, MN is $1,600 per month, which is 17% lower than the national average rent of $1,930 per month.
AVERAGE RENT
$1,600
-3.0%-$50 decrease month-over-month
4.5%$68 increase year-over-year
AVAILABLE RENTALS
1,858
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, apartments are the most affordable rental option in Minneapolis, MN at $1,466 per month, while houses are the most expensive at $2,600 per month. Townhomes average $2,150 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,695 |
| 3 Bedrooms | $2,095 |
| 4 Bedrooms | $2,440 |
| All | $1,600 |
As of May 2026, the average rent for a 1 bedroom rental in Minneapolis, MN is $1,200 per month, followed by $1,695 for a 2 bedroom rental, $2,095 for a 3 bedroom rental, and $2,440 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,800 |
| 3 Bedrooms | $2,395 |
| 4 Bedrooms | $2,250 |
| All | $2,150 |
As of May 2026, the average rent for a 1 bedroom townhome in Minneapolis, MN is $1,350 per month, followed by $1,800 for a 2 bedroom townhome, $2,395 for a 3 bedroom townhome, and $2,250 for a 4 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,195 |
| 2 Bedrooms | $1,695 |
| 3 Bedrooms | $1,925 |
| 4 Bedrooms | $2,350 |
| All | $1,600 |
As of May 2026, the average rent for a 1 bedroom apartment in Minneapolis, MN is $1,195 per month, followed by $1,695 for a 2 bedroom apartment, $1,925 for a 3 bedroom apartment, and $2,350 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,785 |
| 3 Bedrooms | $2,499 |
| 4 Bedrooms | $2,650 |
| All | $2,600 |
As of May 2026, the average rent for a 1 bedroom house in Minneapolis, MN is $1,500 per month, followed by $1,785 for a 2 bedroom house, $2,499 for a 3 bedroom house, and $2,650 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +5% compared to the previous year, which is a +$77 increase.
This year (2026)
Last year (2025)
Rent distribution
40% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $100 to $99,999.
