How Much Does Rent Prices Cost in Minneapolis, MN?
Average rent for a 1-bedroom apartment. Updated March 2026 with data from BLS, U.S. Census Bureau, and industry surveys.
Typical Cost Range
$1.060 – $3.180
+6% vs national average
$1.060$2.120$3.180
LowNational avg: $2.000High
Minneapolis vs State & National Average
| Category | Minneapolis | Minnesota Avg | National Avg |
|---|---|---|---|
| Average cost | $2.120 | $2.114 | $2.000 |
| Low estimate | $1.060 | $1.586 | $1.500 |
| High estimate | $3.180 | $2.748 | $2.600 |
Detailed Cost Breakdown
| Item | Low | High | |
|---|---|---|---|
| Low estimate | $1.000 | $1.200 | |
| Average | $1.800 | $2.200 | |
| High estimate | $2.400 | $3.000 |
Rent Prices in Nearby Cities
Frequently Asked Questions
How much does rent prices cost in Minneapolis?
In Minneapolis, MN, rent prices typically costs between $1.060 and $3.180. The average is $2.120, which is 6% above the national average.
Is Minneapolis expensive for rent prices?
Minneapolis has a cost-of-living index of 106 (100 = national average). Rent Prices costs are 6% higher than the national average of $2.000.
What factors affect rent prices costs in Minneapolis?
Key factors include local labor costs, cost of materials, market competition, Minnesota state regulations, and Minneapolis's overall cost of living (index: 106/100). Prices can also vary by season and specific requirements.