Minneapolis

The neighborhood is just minutes away from downtown Minneapolis.
The Spoonbridge and Cherry at the Minneapolis Sculpture Garden
The Weisman Art Museum at the University of Minnesota
The Minneapolis Diagonal Trail is a popular way for Minneapolis residents to get around.
A pedestrian bridge helps residents get where they want to go.

Minneapolis, MN Area Guide

Avg Rent

$1,416

Population

418,749

Renter Mix

57% Rent

Midwestern charm and urban sophistication mix beautifully in the Mill City

Affordable College Walkable Bike-Friendly Hip Trendy Sports Parks Airport

Minneapolis lives up to its “City of Lakes” nickname, with thirteen lakes woven into the city, all connected by the Grand Rounds National Scenic Byway. Miles of trails make it easy to bike, run, or relax outdoors, while neighborhoods bring their own distinct personality. Uptown sits near Bde Maka Ska and Lake of the Isles, the North Loop features trendy shops and warehouse-style apartments near Target Field, and the Northeast Arts District blends galleries with lively taprooms. Near the Mississippi River, Dinkytown borders the University of Minnesota campus, while Downtown’s enclosed skyway system helps residents stay connected during the city’s freezing winters.

The Minneapolis rental market offers a range of options, from modern high-rise apartments and loft-style communities in the Mill District to classic townhomes in Longfellow. Getting around without a car is easy thanks to the METRO Blue and Green Lines, which connect renters to Saint Paul, Minneapolis Saint-Paul Airport, and the Mall of America.

Known for its strong arts scene and welcoming Midwestern feel, Minneapolis balances culture and lifestyle. The city boasts more theater seats per capita than anywhere outside New York, with destinations like the Guthrie Theater, Walker Art Center, and First Avenue leading a vibrant creative community. A diverse population, extensive bike trails, and a long-standing economic base add to its appeal, offering renters an energetic place to call home.

Explore the City

The Weisman Art Museum at the University of Minnesota

Funky sculptures aim to draw in visitors to area shops and restaurants along Taft Street.

Bus service by Metro Transit can be utilized along Hennepin Avenue.

A pedestrian bridge helps residents get where they want to go.

Tee up 18 holes at Gross National Golf Club.

The Minneapolis Diagonal Trail is a popular way for Minneapolis residents to get around.

Demographics

Median Household Income

$71,217

Average: $98,281

Education

180,280

Residents Have a Degree

Job Market

243,643

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

35 Years

Largest Age Group

25-34 Years

Approximately 19% of Residents

Under 20

23%

Over 65

13%

Housing Distribution

Minneapolis has more renters than homeowners.

Renters
57%
Non-Renters
43%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
37%
Other Education
63%

Rent Trends

As of May 2026, the average apartment rent in Minneapolis, MN is $1,137 for a studio, $1,418 for one bedroom, $2,119 for two bedrooms, and $2,402 for three bedrooms. Apartment rent in Minneapolis has increased by 1.7% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,418/month
662 Sq Ft
House
$2,544/month
1,580 Sq Ft
Condo
$1,844/month
931 Sq Ft
Townhome
$2,064/month
1,420 Sq Ft
See Rental Market Trends in Minneapolis, MN

Cost of Living

The cost of living in Minneapolis, MN is 8.0% lower than the national average. Generally, housing in Minneapolis is 19.5% less expensive than the national average, with rent falling between $1,139 - $2,402. You can expect to pay 1.6% more for groceries, 4.7% less for utilities, and 3.8% less for transportation.

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Learn More About Minneapolis

Getting Around

Exceptionally Walkable

Walkability

90 / 100

Exceptional Public Transit

Transit

100 / 100

Very Drivable

Drivability

80 / 100

Moderately Bikeable

Bikeability

70 / 100

Schools

Yinghua Academy

Public

Grades K-8

822 Students

Burroughs Elementary

Public

Grades K-5

468 Students

Burroughs Elementary School

Public

Grades K-5

468 Students

Armatage Elementary School

Public

Grades PK-5

356 Students

Kenny Elementary

Public

Grades K-5

315 Students

Yinghua Academy

Public

Grades K-8

822 Students

Universal Academy Middle/High

Public

Grades 6-8

94 Students

Anthony Middle School

Public

Grades 6-8

763 Students

Hennepin Middle School

Public

Grades 6-8

132 Students

Justice Page Middle School

Public

Grades 6-8

925 Students

Washburn Senior High

Public

Grades 9-12

1,582 Students

Washburn Senior High School

Public

Grades 9-12

1,582 Students

Southwest Senior High

Public

Grades 9-12

1,484 Students

South Senior High

Public

Grades 9-12

1,466 Students

South Senior High School

Public

Grades 9-12

1,466 Students

Points of Interest

Top Apartments in Minneapolis

Houses for Rent in Minneapolis

Property Management Companies in Minneapolis, MN

Living in Minneapolis

History

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The Stone Arch Bridge, built in the 1880s to carry trains loaded with grain, now serves as a pedestrian and bike path with some of the best views in the city. In the Mill District, you'll find the ruins of old mills alongside the Guthrie Theater, a reminder of how the city has repurposed its waterfront into cultural destinations. The North Star Blankets sign, a neon landmark from 1924, still glows along the river, preserving a bit of Minneapolis’s manufacturing heritage.

The Minneapolis Institute of Art houses centuries of world history, while the University of Minnesota campus features grand old mansions that have been converted into housing and offices. Nicollet Island, one of the only inhabited islands on the Mississippi, has preserved its Victorian-era homes and limestone buildings, relaying a sense of what the city looked like in the late 1800s. The Walker Art Center and its iconic “Spoonbridge and Cherry” sculpture in Loring Park connect the city's cultural past to its modern reputation as an arts destination.

Restaurants

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Minneapolis offers a dining scene that reflects both its diverse population and deep Midwestern roots. The city's immigrant communities have particularly enriched the cuisine, with thriving Somali, Hmong, Mexican, Ethiopian, and Vietnamese food giving Minneapolis a diverse flavor that rivals big cities. The Midtown Global Market on "Eat Street,” located on Nicollet Avenue, brings together dozens of international food vendors to showcase and serve a variety of international flavors.

Minneapolis places a strong emphasis on farm-to-table dining and craft beverages. The Northeast Arts District is home to a booming taproom culture, where local breweries will pair their craft beers with local bites. Food festivals are a staple of city life, celebrating everything from local chefs to international street food drawing large local crowds.

Transportation

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Minneapolis is well-connected for drivers and commuters alike, with I-94 running east-west through the city toward Saint Paul and I-35W serving as the main north-south highway. Metro Transit's METRO Blue and Green Lines are the backbone of the rail network and link downtown Minneapolis to the University of Minnesota campus, Minneapolis-Saint Paul International Airport, and Saint Paul. Bus services are offered across the metro area, with stops located throughout many neighborhoods. The downtown skyway system, a climate-controlled network of walkways spanning miles inside office buildings and apartment communities, is convenient for anyone living or working in the city. Minneapolis also has a reputation as one of the most bike-friendly cities in the country. The Grand Rounds National Scenic Byway ties together thirteen lakes, parks, and waterfalls with a connected trail system that doubles as a commuting route for cyclists. Walkers will find that many neighborhoods are pedestrian-friendly, from the tree-lined streets of Longfellow to the busy sidewalks of Uptown.

Parks

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Called the "City of Lakes," Minneapolis lives up to its nickname with one of the most impressive urban park systems in the country. The city is home to 13 lakes, wetlands, winding creeks, and waterfalls, all connected by the Grand Rounds National Scenic Byway. Bde Maka Ska and Lake of the Isles are perfect for jogging, cycling, kayaking, or simply relaxing by the water. Loring Park offers a peaceful retreat near the Walker Art Center and its famous Sculpture Garden. To the south, Minnehaha Regional Park features the stunning 53-foot Minnehaha Falls, along with trails, picnic areas, and views of the Mississippi River. Nicollet Island, nestled in the Mississippi River, blends natural scenery with historic charm and easy access to riverfront trails.

Cost

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Minneapolis’s overall cost of living is 8% below the national average. The most common rent range in the city falls between $1,132 and $2,404 per month, with average rent by unit size broken down as follows: studio apartments average $1,131, one-bedrooms average $1,400, two-bedrooms average $2,093, and three-bedrooms average $2,404. Year-over-year rents have seen a 2.4% increase across unit types. Housing in Minneapolis is 19.5% less expensive than the national average and renters can expect to pay 1.6% more for groceries, 4.7% less for utilities, and 3.8% less for transportation.

Shopping

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The most iconic shopping destination in Minneapolis is the Mall of America, one of the largest shopping malls in the United States, which has drawn visitors from across the country and the world since 1992. Closer to the city, the Nicollet Mall stretches through downtown Minneapolis and offers a more traditional shopping experience. The North Loop neighborhood has evolved into one of the city's trendiest shopping districts, where independent boutiques and specialty retailers occupy historic industrial spaces.

The Minneapolis Farmers Market has been a fixture in the city for decades and draws vendors selling fresh produce, flowers, handmade crafts, and specialty foods. The Midtown Global Market on Eat Street is another beloved spot that blends international food stalls, local vendors, and community events. Neighborhood festivals and open markets pop up across the city's many districts, celebrating local and small businesses year-round.

Highlights

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University of Minnesota campus, Spoonbridge and Cherry, Walker Art Center, The Guthrie, Fringe Festival, downtown skyway system, North Star Blankets sign, Target Center, Target Field, Loring Park, Nicollet Island, Stone Arch Bridge

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.