What is the average rent in Minnesota?
The average rent in Minnesota for August 2026 is $1,374, according to the most recent data from ApartmentList - July 31, 2026. The average rent of a 2-bedroom apartment in Minnesota is $1,454. The average rent of a 1-bedroom apartment in Minnesota is $1,213.
Compared to the national average of $1,388, Minnesota rent costs -1.0% less. Read our analysis of rents by state to see how Minnesota ranks.
Here's a look at how average rents have changed over time:
How Does Minnesota Rent Compare To The Rest Of The Country?
| Statistic | MN | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,374 | $1,388 | -1.0% |
| M-o-M Change | $2 | $3 | -33.3% |
| Y-o-Y Change | $24 | -$15 | -260.0% |
| M-o-M % Change | 0.1% | 0.2% | - |
| Y-o-Y % Change | 1.8% | -1.1% | - |
Median Rent By Bedrooms In Minnesota
As you would expect, the median price for rent in Minnesota increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Minnesota clocking in at $1,213, while a 2-bedroom rental will set you back $1,454 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $727/room/month.
Read on to find out more or for more on Minnesota check out:
- Best Places To Live In Minnesota
- Cheapest Places To Live In Minnesota
- Most Dangerous Cities In Minnesota
Month Over Month Minnesota Rent Statistics
Minnesota has experienced a $2 change in rent over the past month going from $1,372 to $1,374. That change comes out to 0.1%.
For reference, the US national average rent changed $3 in the past month or 0.2%.
Here's a look at the month over month change for each month since 2017 for Minnesota:
Year Over Year Minnesota Rent Statistics
Over the past year, the average rent in Minnesota changed $24 from $1,350 to $1,374. A change of $24 means that rents changed 1.8% in a year.
That compares to the US national change of -$15 in the past year or -1.1%.
Here's a look at the year over year change by month since 2017 for Minnesota:
The 10 Places With The Highest Rent In Minnesota
Population: 7,187
Median Rent: $2,694
More on Minnetrista: Data | Crime | Cost Of Living | Real Estate
Population: 32,257
Median Rent: $1,737
More on Andover: Data | Cost Of Living | Real Estate
Population: 7,887
Median Rent: $1,687
More on Orono: Data | Crime | Cost Of Living | Real Estate
Population: 68,362
Median Rent: $1,557
More on Maple Grove: Data | Crime | Cost Of Living | Real Estate
Population: 10,250
Median Rent: $1,553
More on Arden Hills: Data | Cost Of Living | Real Estate
Population: 67,648
Median Rent: $1,549
More on Woodbury: Data | Crime | Cost Of Living | Real Estate
Population: 25,853
Median Rent: $1,506
More on Ramsey: Data | Crime | Cost Of Living | Real Estate
Population: 61,056
Median Rent: $1,502
More on Lakeville: Data | Crime | Cost Of Living | Real Estate
Population: 15,630
Median Rent: $1,499
More on Otsego: Data | Cost Of Living | Real Estate
Population: 5,920
Median Rent: $1,468
More on Medina: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In Minnesota
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- Safest Places In Minnesota
- Worst Places To Live In Minnesota
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