Average Rent in Minneapolis, MN

Minneapolis rentals average $0 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,885, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $404 (44.04%) year-over-year from $918 to $1,323. 1-bedroom rentals prices have increased by $537 (26.54%) year-over-year from $2,022 to $2,558. 2-bedroom rentals prices have increased by $822 (25.86%) year-over-year from $3,179 to $4,001. 3-bedroom rentals prices have decreased by $54 (-2.96%) year-over-year from $1,816 to $1,763. 4-bedroom rentals prices have decreased by $128 (-4.38%) year-over-year from $2,928 to $2,800. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 8.18% this month. 1-bedroom rents have gone down by 0.16% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 1.67% this month. 4-bedroom rents have gone up by 10.60% this month.