Rents are 2% below what Bloomington's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,687 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Bloomington, MN has changed in 5 years
Rent in Bloomington, MN has increased 19.6% since 2021, going from about $1,410 per month to roughly $1,687 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 3.9 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.
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Can you afford rent in Bloomington on your salary?
At $1,687/mo, how Bloomington rent compares to typical pay (30% rule).
Bloomington rent by bedroom count
Median rent for each apartment size in Bloomington. Click any size for full breakdown.
Tips for renters in Bloomington
Last updated: August 17, 2026
The median rent in Bloomington is $1,687/mo as of August 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.
Frequently asked questions
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What percentage of Bloomington residents rent vs. own?
How does Bloomington rent compare to the national average?
At $1,687/mo, rent takes ~22% of Bloomington's median household income ($93,211/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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