Average Rent in Minnesota

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Current Versus Historical Minnesota Rents

Minnesota rentals average $0 for a 1-bedroom rental to $0 for a 1-bedroom rental. The median price of all currently available listings is $4,285, or roughly $0 per square feet.

For the apartment units and housing in February 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $572 (41.42%) year-over-year from $1,382 to $1,954. 1-bedroom rentals prices have increased by $1,069 (71.83%) year-over-year from $1,489 to $2,558. 2-bedroom rentals prices have increased by $1,214 (78.51%) year-over-year from $1,547 to $2,761. 3-bedroom rentals prices have increased by $191 (9.88%) year-over-year from $1,932 to $2,123. 4-bedroom rentals prices have decreased by $267 (-10.80%) year-over-year from $2,467 to $2,200. 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 23.98% this month. 1-bedroom rents have gone up by 27.93% this month. 2-bedroom rents have gone up by 28.20% this month. 3-bedroom rents have gone up by 10.45% this month. 4-bedroom rents have gone down by 1.79% this month.

Beds	Price / Sqft	Feb 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)

Historical Rents in Minnesota

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Minnesota

There are a total of 10 cities nearby Minnesota. The average rent in Minnesota is currently $2,289 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Toledo, OH, with an average rent of $825, is the most affordable city nearby. In contrast, the most expensive city near Minnesota is Naperville, IL. Monthly rents here are on average $2,850 per month.

Let's compare Minnesota's rent against other top cities nearby by bedroom size. One bedrooms are about inf% more affordable. Two bedrooms in Minnesota are about inf% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 10 cities near Minnesota in the following chart.

City	Studio	1 Bed	2 Bed	All
Toledo, OH	N/A	$660	$800	$825
Detroit, MI	N/A	$1,200	$1,195	$1,250
Denver, CO	$1,575	$1,753	$2,460	$1,814
Chicago, IL	$1,345	$1,850	$2,200	$2,150
Wheaton, IL	N/A	$1,859	$2,645	$2,279
Schaumburg, IL	N/A	$2,132	$2,495	$2,300
Aurora, IL	N/A	$1,635	$2,200	$2,400
Oak Park, IL	N/A	$2,250	$2,598	$2,698
Evanston, IL	$1,525	$2,300	$2,500	$2,782
Naperville, IL	N/A	$1,600	$2,400	$2,850

Top Neighborhoods Near Minnesota

There are a total of 15 neighborhoods in or near Minnesota. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 15 neighborhoods in or near Minnesota in the following chart.

The average rent for these 15 neighborhoods in or near Minnesota is currently around $2,300 per month. A total of 15 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Minnesota, South Shore has the most affordable average rent at $1,500 per month. Whereas, at $3,275 average rent per month, The Loop is the most expensive neighborhood in or near Minnesota. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$873	$1,100	$1,475	$1,500
Uptown, Chicago, IL	$1,195	$1,650	$2,698	$1,650
Rogers Park, Chicago, IL	$1,200	$1,550	$1,875	$1,695
Edgewater, Chicago, IL	$1,330	$1,650	$2,200	$1,750
Humboldt Park, Chicago, IL	N/A	$2,000	$1,625	$1,950
West Rogers Park, Chicago, IL	N/A	$1,650	$1,950	$2,075
Pilsen, Chicago, IL	N/A	$1,600	$1,785	$2,100
Bronzeville, Chicago, IL	$1,325	$1,460	$2,170	$2,300
Logan Square, Chicago, IL	$1,525	$1,875	$2,400	$2,395
Hyde Park, Chicago, IL	$1,295	$1,495	$1,895	$2,450
Lakeview, Chicago, IL	$1,468	$2,050	$3,225	$2,500
South Loop, Chicago, IL	$1,625	$2,198	$3,000	$2,650
Near North Side, Chicago, IL	$1,750	$2,450	$4,000	$2,850
West Town, Chicago, IL	N/A	$2,335	$2,550	$3,048
The Loop, Chicago, IL	$1,950	$2,525	$3,475	$3,275

Top Counties Near Minnesota

There are a total of 15 counties located by Minnesota. Some of these counties include Lucas, OH, Wayne, MI, and Oakland, MI. The average rent for rentals in these counties is $2,200. That's roughly around $2 per sqft. A total of 11 counties have a lower average rent. The county that is the most affordable is Lucas, OH. It's average rent per month is $850. Vice versa, with an average rent of $2,600, Will, IL is the most expensive county by Minnesota.

In comparison, rent for one bedroom listings in Minnesota is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in Minnesota is inf% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lucas, OH	N/A	$668	$825	$850
Wayne, MI	N/A	$1,100	$1,300	$1,350
Oakland, MI	N/A	$1,395	$1,825	$2,145
McHenry, IL	N/A	$1,375	$2,150	$2,200
Cook, IL	$1,345	$1,830	$2,200	$2,200
Kane, IL	$1,500	$1,475	$2,100	$2,300
DuPage, IL	N/A	$1,799	$2,262	$2,500
Washtenaw, MI	$2,120	$2,045	$2,300	$2,500
Lake, IL	$800	$2,075	$2,300	$2,600
Will, IL	N/A	$1,350	$2,200	$2,600

Top Zipcodes Near Minnesota

There are a total of 2 zipcodes in or near Minnesota. The average rent for all of these zipcodes is $2,325. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60615, Chicago, IL at $2,200 per month. In comparison, the zipcode with the most expensive average rent of $2,450 per month is 60618, Chicago, IL.

Studios in these zipcodes have an average rent of $1,389. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Minnesota is $1,518 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,145 per month. Which comes out to $2 per sqft. The following chart includes the top 2 zipcodes in Minnesota. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60618, Chicago, IL	$1,563	$1,540	$2,395	$2,450
60615, Chicago, IL	$1,215	$1,495	$1,895	$2,200

Frequently Asked Questions - Minnesota Average Rents

What is the average rent price in Minnesota?

The average monthly rental price for Minnesota apartments for rent is approximately $4,285. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Minnesota rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Minnesota.

How much is a studio apartment in Minnesota?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Minnesota.

How much is a one bedroom apartment in Minnesota?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 one bedroom apartment listings currently available for rent in Minnesota.

How much is a two bedroom apartment in Minnesota?

The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 two bedroom apartment listings currently available for rent in Minnesota.

How have rent prices in Minnesota changed this year?

Rent prices for rentals in Minnesota can fluctuate yearly. Specifically, studio rental prices have changed by 0.41%, one bedroom rental prices have changed by 0.72%, two bedroom rental prices have changed by 0.79%, and three bedroom rental prices have changed by 0.10% year-over-year.

What is a reasonable rent price in Minnesota?

A reasonable rent price in Minnesota is around $3,428/month. You can search for these reasonably priced rental listings on RentHop.