Rafter
333 E Hennepin Ave,
Minneapolis, MN 55414
$1,426 - $9,333 Plus Fees
Studio - 3 Beds
Nicollet Island
Minneapolis, MN
Nicollet Island - Minneapolis, MN
Area Guide
An upscale oasis on the Mississippi River
Upscale
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Suburban
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Island
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Riverfront
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Restaurants
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A quaint island on the Mississippi River, Nicollet Island is a cozy green space and residential neighborhood that’s partially an island and partially on land across the river from downtown. Residents have easy access to the Warehouse District and Downtown Minneapolis. Although part of town is considered an island, most of the apartments available for rent are on land and range from affordable to upscale with many high-end options. Nicollet Island is home to excellent public schools, beautiful views of the water, charming island inns, and delicious local restaurants.
Rent Trends
As of September 2025, the average apartment rent in Nicollet Island is $1,473 for a studio, $2,000 for one bedroom, $2,908 for two bedrooms, and $4,459 for three bedrooms. Apartment rent in Nicollet Island has increased by 6.2% in the past year.
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Studio
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493 sq ft
Average Sq Ft
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$1,473/month
Average Rent
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1 BR
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694 sq ft
Average Sq Ft
-
$2,000/month
Average Rent
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2 BR
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1,110 sq ft
Average Sq Ft
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$2,908/month
Average Rent
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3 BR
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1,812 sq ft
Average Sq Ft
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$4,459/month
Average Rent
Transportation
94
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
66
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
93
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Points of Interest
Shopping Centers
Parks and Recreation
- Nicollet Island Park
- Holmes Park
- Water Power Park
- Dickman Park
- Boom Island Park
Military Bases
Airports
- Minneapolis-St Paul International/Wold-Chamberlain
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Houses for Rent in Nicollet Island
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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 September 2025.