How much does it cost to rent in Bloomington, MN?

As of July 2026, the median monthly rent in Bloomington, MN is $1,684. This figure is based on aggregated data from public sources and community-submitted rents.

Is Bloomington cheaper than other Minnesota cities?

Bloomington falls in the middle range for Minnesota, ranking #35 out of 67 cities at $1,684/mo.

When was Bloomington rent data last updated?

Bloomington rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · MN

Bloomington

Name: Average Rent Prices in Bloomington, MN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 88,665·35th most expensive in Minnesota·Rental market data updated monthly for Bloomington, MN

Median rent (all units)

$1,684/mo

Year-over-Year

+4.7%

Month-over-Month

+0.1%

vs US Median

-$281

Stable (Monthly)

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Most AffordableMost Expensive

Bloomington · $1,684

More affordable than 63% of US cities · National median $1,965/mo

Rent Reality Score

54/100

Fairly priced

OverheatedFairGreat value

Rents are 2% below what Bloomington's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,684/mo

Expected by trend

$1,723/mo

The Rent Reality Score compares today's median rent to where Bloomington's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,373

1 BR

$1,550

2 BR

$1,893

3 BR

$2,520

4 BR+

$2,823

Research median

$1,893/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$20,208/yr

At $1,684/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.7% YoY, +0.1% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Bloomington, MN is majority owner-occupied, has a large retiree population, has a median income above the national average, 46.2% of residents hold a bachelor's degree or higher.

Population

88,665

Median income

$93,211

Median age

41.1

Renters

34.3%

Age distribution

20%

21.3%

25.7%

12.3%

20.6%

Under 1820%

18–3421.3%

35–5425.7%

55–6412.3%

65+20.6%

Gender

48.3%

51.7%

Male48.3%

Female51.7%

Race & ethnicity

66.2%

12%

White66.2%

Black12%

Hispanic11.2%

Asian5.2%

Other5.3%

Education (25+)

18.8%

28.1%

46.2%

No HS diploma6.9%

HS diploma18.8%

Some college28.1%

Bachelor's+46.2%

Housing tenure

65.7%

34.3%

Owner65.7%

Renter34.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Bloomington, MN has changed in 5 years

Rent

$1,410 → $1,684

up 19.4%

Income

$80,582 → $93,211

up 15.7%

Population

89,436 → 88,665

down 0.9%

Renter share

32.7% → 34.3%

+1.6 pts

Bachelor's+

43.4% → 46.2%

+2.8 pts

Median age

42.2 → 41.1

-1.1 yrs

Rent in Bloomington, MN has increased 19.4% since 2021, going from about $1,410 per month to roughly $1,684 today. Local incomes tracked alongside that move, going from a median of $80,582 in 2021 to $93,211 more recently. Rent outpaced income growth by roughly 3.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 34.3% of households rent today, against 32.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 43.4% to 46.2%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Bloomington, MN market of 2021.

Community

Discussions about Bloomington

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View Bloomington rent history (2015–2026) →

Salary vs rent

Can you afford rent in Bloomington on your salary?

At $1,684/mo, how Bloomington rent compares to typical pay (30% rule).

Registered Nurse

Avg $98,259/yr · Rent = 20.6% income

affordable

Elementary School Teacher

Avg $69,763/yr · Rent = 29% income

affordable

Police Officer

Avg $80,361/yr · Rent = 25.1% income

affordable

Software Developer

Avg $143,634/yr · Rent = 14.1% income

very comfortable

Lawyer

Avg $183,529/yr · Rent = 11% income

very comfortable

Firefighter

Avg $65,322/yr · Rent = 30.9% income

stretched

Truck Driver

Avg $58,978/yr · Rent = 34.3% income

stretched

Electrician

Avg $72,696/yr · Rent = 27.8% income

affordable

By apartment size

Bloomington rent by bedroom count

Median rent for each apartment size in Bloomington. Click any size for full breakdown.

Local insights

Tips for renters in Bloomington

About renting in Bloomington, MN

Last updated: July 20, 2026

The median rent in Bloomington is $1,684/mo as of July 2026. A studio apartment averages $1,373/mo while a 2-bedroom runs $1,893/mo. One-bedroom apartments average $1,550/mo and 3-bedroom units go for $2,520/mo.

At 22% of local median household income ($93,211/yr), Bloomington ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

Is Bloomington an affordable city for renters?

Bloomington is considered very affordable for renters. At $1,684/mo, rent takes approximately 22% of the local median household income ($93,211/yr). The standard benchmark is 30%. Bloomington falls comfortably within that range.

How much income do you need to rent in Bloomington?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,684/mo in Bloomington. The local median household income is $93,211/yr, meaning the typical Bloomington household meets that threshold.

Is rent going up or down in Bloomington?

Rent in Bloomington has increased 4.7% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Bloomington neighborhoods have the lowest rent?

The most affordable ZIP codes in Bloomington are 55437 ($1,662/mo), 55425 ($1,687/mo), and 55438 ($1,692/mo). Citywide, the median rent in Bloomington is $1,684/mo.

How does Bloomington rent compare to other cities in Minnesota?

Bloomington is middle-of-the-pack for Minnesota for rent, ranking #35 out of 67 tracked cities at $1,684/mo.

Which nearby cities are cheaper to rent in than Bloomington?

Several nearby cities have lower median rents than Bloomington ($1,684/mo): Richfield ($1,318/mo), Burnsville ($1,486/mo).

What percentage of Bloomington residents rent vs. own?

According to Census data, approximately 34.3% of Bloomington households are renters, while 65.7% are owner-occupied. Bloomington leans toward homeownership, which can mean a smaller rental inventory.

How does Bloomington rent compare to the national average?

Bloomington's median rent of $1,684/mo is $281 (14%) below the US national median of $1,965/mo. Within Minnesota, it ranks #35 out of 67 tracked cities.

Income Affordability

22%

VERY AFFORDABLE

At $1,684/mo, rent takes ~22% of Bloomington's median household income ($93,211/yr). The standard benchmark is 30%.

Bloomington 22%Benchmark 30%

State income tax5.35–9.85%

Run the Bloomington affordability calculator →

Nearby cities