Cheap Apartments for Rent in Minneapolis, MN
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Studio-1 Bed
1 BathBrownstones Classic | 501 E 14th St #1531310,
Minneapolis, MN 55404
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PET FRIENDLY$790 - $950/moStudio-1 Bed1 BathAster Apartments in Near North Minneapolis | 1800 Fremont Ave N #8,
Minneapolis, MN 55411
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Average Rent Trends in Minneapolis, MN
Rent in Minneapolis, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Nov 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,500 |
| Jul 2025 | $1,600 |
| Aug 2025 | $1,550 |
| Sep 2025 | $1,563 |
| Oct 2025 | $1,650 |
| Nov 2025 | $1,746 |
| Dec 2025 | $1,687 |
| Jan 2026 | $1,695 |
| Feb 2026 | $1,695 |
| Mar 2026 | $1,650 |
| Apr 2026 | $1,625 |
| May 2026 | $1,625 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,200 | $1,695 | $2,095 | $2,440 | $1,600 |
| Townhomes | $1,350 | $1,800 | $2,395 | $2,250 | $2,150 |
| Apartments and Condos | $1,195 | $1,695 | $1,925 | $2,350 | $1,600 |
| Houses | $1,500 | $1,785 | $2,499 | $2,650 | $2,600 |
Frequently Asked Questions about Rentals in Minneapolis, MN
- What is the average rent of an apartment in Minneapolis, MN?The average rent of an apartment in Minneapolis, MN is $1,466 per month. This is about 24% lower than the national average.
- What is the average rent of a house in Minneapolis, MN?The average rent of a house in Minneapolis, MN is $2,600 per month. This is about 35% higher than the national average.
- What is the average rent of a townhome in Minneapolis, MN?The average rent of a townhome in Minneapolis, MN is $2,150 per month. This is about 11% higher than the national average.
- When is the average rent cheapest in Minneapolis, MN?In the last year, the average rent in Minneapolis, MN was lowest in Jun 2025 when it was $1,500 per month.
- When is the average rent most expensive in Minneapolis, MN?In the last year, the average rent in Minneapolis, MN was highest in Nov 2025 when it was $1,746 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Minneapolis, MN?The average rent of a 1 bedroom apartment in Minneapolis, MN is $1,200 per month. That is about $167 more than the cost of a studio apartment.
- How many available rental listings are in Minneapolis, MN?There are 1,858 available rental listings in Minneapolis, MN.
- What colleges and universities are in Minneapolis, MN?Colleges and universities in Minneapolis, MN include: University of Minnesota.
- What are some neighborhoods in Minneapolis, MN?Some neighborhoods in Minneapolis, MN include: Marcy Holmes, Whittier, Cedar-Riverside, Powderhorn Park, Loring Park.
- What are some zip codes in Minneapolis, MN?
- What are some cities near Minneapolis, MN?Some nearby cities include: Lauderdale, Falcon Heights, Golden Valley, Saint Louis Park, Saint Anthony. These cities may have more rental options to explore.