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

As of July 2026, the median monthly rent in Plymouth, MN is $1,940. This figure is based on aggregated data from public sources and community-submitted rents.

Is Plymouth cheaper than other Minnesota cities?

Plymouth is one of the pricier cities in Minnesota, ranking #17 out of 67 cities tracked at $1,940/mo.

When was Plymouth rent data last updated?

Plymouth 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

Plymouth

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

Pop. 79,220·17th most expensive in Minnesota·Plymouth rents are up 5.9% over the past year

Median rent (all units)

$1,940/mo

Year-over-Year

+5.9%

Month-over-Month

+0.8%

vs US Median

-$25

Rising (Monthly)

Be the first to discuss Plymouth rents ↓

Most AffordableMost Expensive

Plymouth · $1,940

More expensive than 55% of US cities · National median $1,965/mo

Rent Reality Score

53/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Plymouth's 10-year trend predicts.

Actual rent

$1,940/mo

Expected by trend

$1,975/mo

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

Medians by bedroom

Rent by unit size

Studio

$1,495

1 BR

$1,690

2 BR

$2,063

3 BR

$2,748

4 BR+

$3,078

Research median

$2,063/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

$23,280/yr

At $1,940/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.9% YoY, +0.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Plymouth, MN is majority owner-occupied, has a median income above the national average, 65.9% of residents hold a bachelor's degree or higher.

Population

79,220

Median income

$136,534

Median age

40.3

Renters

24.9%

Age distribution

24.7%

17%

28.5%

12.7%

17.1%

Under 1824.7%

18–3417%

35–5428.5%

55–6412.7%

65+17.1%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

74.1%

White74.1%

Black4.9%

Hispanic4.4%

Asian9.9%

Other6.6%

Education (25+)

22.6%

65.9%

No HS diploma1.9%

HS diploma9.5%

Some college22.6%

Bachelor's+65.9%

Housing tenure

75.1%

24.9%

Owner75.1%

Renter24.9%

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

2021 vs 2026

How Plymouth, MN has changed in 5 years

Rent

$1,555 → $1,940

up 24.8%

Income

$119,813 → $136,534

up 14.0%

Population

80,034 → 79,220

down 1.0%

Renter share

25.9% → 24.9%

-1.0 pts

Bachelor's+

63.9% → 65.9%

+2.0 pts

Rent in Plymouth, MN has increased 24.8% since 2021, going from about $1,555 per month to roughly $1,940 today. Local incomes tracked alongside that move, going from a median of $119,813 in 2021 to $136,534 more recently. Rent outpaced income growth by roughly 10.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 80,034 to 79,220 between 2021 and 2024, a 1.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 63.9% to 65.9%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Plymouth, MN market of 2021.

Community

Discussions about Plymouth

No discussions yet. Start the conversation.

View Plymouth rent history (2015–2026) →

Salary vs rent

Can you afford rent in Plymouth on your salary?

At $1,940/mo, how Plymouth rent compares to typical pay (30% rule).

Registered Nurse

Avg $98,259/yr · Rent = 23.7% income

affordable

Elementary School Teacher

Avg $69,763/yr · Rent = 33.4% income

stretched

Police Officer

Avg $80,361/yr · Rent = 29% income

affordable

Software Developer

Avg $143,634/yr · Rent = 16.2% income

very comfortable

Lawyer

Avg $183,529/yr · Rent = 12.7% income

very comfortable

Firefighter

Avg $65,322/yr · Rent = 35.6% income

stretched

Truck Driver

Avg $58,978/yr · Rent = 39.5% income

stretched

Electrician

Avg $72,696/yr · Rent = 32% income

stretched

By apartment size

Plymouth rent by bedroom count

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

Local insights

Tips for renters in Plymouth

About renting in Plymouth, MN

Last updated: July 20, 2026

The median rent in Plymouth is $1,940/mo as of July 2026. A studio apartment averages $1,495/mo while a 2-bedroom runs $2,063/mo. One-bedroom apartments average $1,690/mo and 3-bedroom units go for $2,748/mo.

At 17% of local median household income ($136,534/yr), Plymouth ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.9% over the past year.

FAQ

Frequently asked questions

Is Plymouth an affordable city for renters?

Plymouth is considered very affordable for renters. At $1,940/mo, rent takes approximately 17% of the local median household income ($136,534/yr). The standard benchmark is 30%. Plymouth falls comfortably within that range.

How much income do you need to rent in Plymouth?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,940/mo in Plymouth. The local median household income is $136,534/yr, meaning the typical Plymouth household meets that threshold.

Is rent going up or down in Plymouth?

Rent in Plymouth has increased 5.9% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Plymouth neighborhoods have the lowest rent?

The most affordable ZIP codes in Plymouth are 55441 ($1,717/mo), 55442 ($1,955/mo), and 55447 ($1,981/mo). Citywide, the median rent in Plymouth is $1,940/mo.

How does Plymouth rent compare to other cities in Minnesota?

Plymouth is one of the pricier cities in Minnesota for rent, ranking #17 out of 67 tracked cities at $1,940/mo.

Which nearby cities are cheaper to rent in than Plymouth?

Several nearby cities have lower median rents than Plymouth ($1,940/mo): New Hope ($1,442/mo), Crystal ($1,679/mo), Wayzata ($1,856/mo).

What percentage of Plymouth residents rent vs. own?

According to Census data, approximately 24.9% of Plymouth households are renters, while 75.1% are owner-occupied. Plymouth leans toward homeownership, which can mean a smaller rental inventory.

How does Plymouth rent compare to the national average?

Plymouth's median rent of $1,940/mo is $25 (1%) below the US national median of $1,965/mo. Within Minnesota, it ranks #17 out of 67 tracked cities.

Income Affordability

17%

VERY AFFORDABLE

At $1,940/mo, rent takes ~17% of Plymouth's median household income ($136,534/yr). The standard benchmark is 30%.

Plymouth 17%Benchmark 30%

State income tax5.35–9.85%

Run the Plymouth affordability calculator →

Nearby cities