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 October 2026, the average rent in Minneapolis, MN is $1,695 per month, which is 13% lower than the national average rent of $1,948 per month.

AVERAGE RENT

$1,695

6.0%$96 increase month-over-month

3.4%$56 increase year-over-year

AVAILABLE RENTALS

1,744

APARTMENTS

$1,559

HOUSES

$2,500

TOWNHOUSES

$2,200

As of October 2026, apartments are the most affordable rental option in Minneapolis, MN at $1,559 per month, while houses are the most expensive at $2,500 per month. Townhomes average $2,200 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,249
2 Bedrooms	$1,700
3 Bedrooms	$2,000
4 Bedrooms	$2,314
All	$1,695

As of October 2026, the average rent for a 1 bedroom rental in Minneapolis, MN is $1,249 per month, followed by $1,700 for a 2 bedroom rental, $2,000 for a 3 bedroom rental, and $2,314 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,500
2 Bedrooms	$1,575
3 Bedrooms	$2,490
4 Bedrooms	$2,850
All	$2,200

As of October 2026, the average rent for a 1 bedroom townhome in Minneapolis, MN is $1,500 per month, followed by $1,575 for a 2 bedroom townhome, $2,490 for a 3 bedroom townhome, and $2,850 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,275
2 Bedrooms	$1,695
3 Bedrooms	$1,891
4 Bedrooms	$2,200
All	$1,728

As of October 2026, the average rent for a 1 bedroom apartment in Minneapolis, MN is $1,275 per month, followed by $1,695 for a 2 bedroom apartment, $1,891 for a 3 bedroom apartment, and $2,200 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,015
2 Bedrooms	$1,850
3 Bedrooms	$2,395
4 Bedrooms	$2,450
All	$2,500

As of October 2026, the average rent for a 1 bedroom house in Minneapolis, MN is $1,015 per month, followed by $1,850 for a 2 bedroom house, $2,395 for a 3 bedroom house, and $2,450 for a 4 bedroom house.