What's the average rent in Minneapolis, MN?

Rental Market Trends in Minneapolis, MN

Search for Apartments in Minneapolis, MN

SOURCE: TRULIA DATA

Rental market highlights

As of July 2026, the average rent in Minneapolis, MN is $1,600 per month, which is 18% lower than the national average rent of $1,951 per month.

AVERAGE RENT

$1,600

0.3%$5 increase month-over-month

0.0%No change year over year

AVAILABLE RENTALS

1,779

APARTMENTS

$1,517

HOUSES

$2,545

TOWNHOUSES

$2,000

As of July 2026, apartments are the most affordable rental option in Minneapolis, MN at $1,517 per month, while houses are the most expensive at $2,545 per month. Townhomes average $2,000 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,207
2 Bedrooms	$1,695
3 Bedrooms	$1,995
4 Bedrooms	$2,400
All	$1,600

As of July 2026, the average rent for a 1 bedroom rental in Minneapolis, MN is $1,207 per month, followed by $1,695 for a 2 bedroom rental, $1,995 for a 3 bedroom rental, and $2,400 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,095
2 Bedrooms	$1,900
3 Bedrooms	$2,100
4 Bedrooms	$2,695
All	$2,000

As of July 2026, the average rent for a 1 bedroom townhome in Minneapolis, MN is $1,095 per month, followed by $1,900 for a 2 bedroom townhome, $2,100 for a 3 bedroom townhome, and $2,695 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,195
2 Bedrooms	$1,650
3 Bedrooms	$1,895
4 Bedrooms	$2,300
All	$1,649

As of July 2026, the average rent for a 1 bedroom apartment in Minneapolis, MN is $1,195 per month, followed by $1,650 for a 2 bedroom apartment, $1,895 for a 3 bedroom apartment, and $2,300 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,347
2 Bedrooms	$1,895
3 Bedrooms	$2,200
4 Bedrooms	$2,495
All	$2,545

As of July 2026, the average rent for a 1 bedroom house in Minneapolis, MN is $1,347 per month, followed by $1,895 for a 2 bedroom house, $2,200 for a 3 bedroom house, and $2,495 for a 4 bedroom house.