Minneapolis offers a diverse set of neighborhoods: from historic districts to buzzing downtown hubs, each with its own flavor and trade‑offs. Whether you want walkability, nightlife, leafy streets, or easy access to amenities — there’s a neighborhood that fits.
We’ve compiled a list of the best places to rent in Minneapolis based on the following factors:
- Rental availability
- Average rent relative to other neighborhoods in the city
- Proximity to points of interest like work hubs, universities, downtown areas, shopping centers, or major parks
- Niche.com’s neighborhood report cards
The five best neighborhoods in Minneapolis for renters are:
1. Loring Park
2. Lowry Hill
3. North Loop
Loring Park
• Average 1-bedroom rent in Minneapolis: $1,389/month
• Average 1-bedroom rent in Loring Park: $1,273/month
• Average 1-bedroom square footage: 679 sq ft
Why Loring Park is good for renters
Loring Park is one of the city’s most walkable neighborhoods, offering easy access to restaurants, entertainment, and green space. Its mix of older buildings and newer developments makes it a flexible choice for renters with different budgets and priorities. The park itself is a neighborhood centerpiece, giving residents a rare blend of nature and city convenience.
Keep in mind
Apartment styles and floor plans vary widely, so it’s worth checking out a few options to find the right fit in terms of layout and condition.
Lowry Hill
• Average 1-bedroom rent in Minneapolis: $1,389/month
• Average 1-bedroom rent in Lowry Hill: $1,173/month
• Average 1-bedroom square footage: 644
Why Lowry Hill is good for renters
Lowry Hill offers a quieter, residential vibe while still being close to downtown. The neighborhood features beautiful historic buildings, leafy streets, and easy access to museums, shops, and cafes. It's a strong choice for those who value charm and proximity to city amenities without the downtown hustle.
Keep in mind
Modern apartment buildings with full amenity packages are limited, so you may need to compromise on newer finishes or shared conveniences.
North Loop
• Average 1-bedroom rent in Minneapolis: $1,389/month
• Average 1-bedroom rent in North Loop: $1,978/month
• Average 1-bedroom square footage: 672
Why North Loop is good for renters
North Loop is one of Minneapolis’s trendiest areas, known for its loft-style apartments, converted warehouses, and trendy food and bar scene. It’s a popular choice for renters who want city living with a creative edge. The neighborhood is also close to downtown, making commuting a breeze.
Keep in mind
Because of its popularity and mix of building types, apartments may vary significantly in layout and amenities.
Downtown East
• Average 1-bedroom rent in Minneapolis: $1,389/month
• Average 1-bedroom rent in Downtown East: $1,996/month
• Average 1-bedroom square footage: 728
Why Downtown East is good for renters
Downtown East offers a modern, high-rise feel in the heart of the city. Home to stadiums, office buildings, and riverfront trails, this neighborhood is ideal if you want to be in the center of Minneapolis life. Many apartment buildings here feature updated interiors and great views.
Keep in mind
Rental prices are higher here, especially in buildings with luxury amenities or direct access to transit and downtown attractions.
Downtown West
• Average 1-bedroom rent in Minneapolis: $1,389/month
• Average 1-bedroom rent in Downtown West: $1,616/month
• Average 1-bedroom square footage: 718
Why Downtown West is good for renters
Downtown West is the heart of the city’s business and entertainment districts. Renters here enjoy walkability, nightlife, and a fast-paced lifestyle. From modern high-rises to updated historic buildings, this neighborhood offers plenty of options with sweeping views and quick access to everything.
Keep in mind
With its central location and constant activity, Downtown West can be lively at all hours — renters sensitive to noise may want to look for upper-floor units or quieter side streets.
Ready to Make the Move?
If Minneapolis has caught your eye, take the next step with Apartments.com! Whether you’re dropping in for a short-term lease or hoping to set down roots, Apartments.com has the tools to help you find the perfect place.
Navigate housing across neighborhoods with our customized search engine and use our customizable filters to narrow your search by price, amenities, and floor plan. Wherever you are and wherever you’re going, the options are endless with Apartments.com.
FAQs
Is Minneapolis a good place to live?
Yes, Minneapolis is a great city for renters who want a mix of city living, park access, cultural amenities, and walkable neighborhoods. Whether you're after nightlife or quiet corners near lakes and trails, the city offers a range of settings.
Is Minneapolis an expensive place to live?
Minneapolis is moderately priced compared to other large U.S. cities. Some downtown areas and trendy neighborhoods command higher rents, but there are still plenty of affordable options across the city.
What’s the average rent in Minneapolis?
The average rent in Minneapolis is $1,389/month, as of December 2025. This is 15% below the national average rent of $1,631/month.
Apartment rent data provided by CoStar Group’s December 2025 reports.
