$1,650
Average Rent
$1,500
Median Rent
+4.2%
Year-over-Year Growth
5.8%
Vacancy Rate
About Minneapolis, MN
The "City of Lakes" offers a high quality of life and a robust professional economy.
Popular Neighborhoods in Minneapolis
North Loop
$2,100/moTrendy former warehouse district with chic lofts.
Uptown
$1,550/moLively neighborhood near lakes with mixed housing.
Dinkytown
$1,400/moVibrant student hub near the University of Minnesota.
Minneapolis Rental Market Insights
Successfully stabilized rent growth via aggressive zoning reform.
Skyway connectivity is a major plus for downtown properties.
Strong headquarters presence (Target, US Bank) ensuring a stable renter base.
Frequently Asked Questions
What is the average rent in Minneapolis?
Approximately $1,650 per month.