The Minnesota rental market
Minnesota tracks median rent across 67 cities, ranging from Austin at $1,041/mo to Victoria at $2,726/mo. The state average of $1,698/mo runs about 13% below the national median of $1,962/mo.
Across Minnesota cities, rents are rising, changing an average of +5.0% over the past year. 13 of 70 tracked cities are priced above the national median, while 57 fall below it. The largest rental markets are Minneapolis, Rochester, Bloomington.
Minnesota rent questions
What is the average rent in Minnesota?
The average median rent across 67 tracked cities in Minnesota is $1,698/mo, about 13% below the national median of $1,962/mo.
Which Minnesota city has the highest rent?
Victoria has the highest median rent in Minnesota at $2,726/mo.
Which Minnesota city has the most affordable rent?
Austin is the most affordable tracked city in Minnesota, with a median rent of $1,041/mo.
Are rents rising or falling in Minnesota?
Across Minnesota cities, median rents are rising, changing an average of +5.0% over the past year.
How does Minnesota rent compare to the rest of the country?
13 of 70 tracked Minnesota cities have a median rent above the national median of $1,962/mo, and 57 fall below it.
What are the largest rental markets in Minnesota?
By population, the largest rental markets in Minnesota are Minneapolis, Rochester, Bloomington. Each has its own rent data, trends, and ZIP-level breakdowns on RentDataNow.