Rafter
333 E Hennepin Ave,
Minneapolis, MN 55414
$1,720 - $7,558 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
•
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 May 2026, the average apartment rent in Nicollet Island is $1,524 for a studio, $2,018 for one bedroom, $2,983 for two bedrooms, and $4,654 for three bedrooms. Apartment rent in Nicollet Island has increased by 1.6% in the past year.
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Studio
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493 sq ft
Average Sq Ft
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$1,524/month
Average Rent
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1 BR
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694 sq ft
Average Sq Ft
-
$2,018/month
Average Rent
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2 BR
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1,101 sq ft
Average Sq Ft
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$2,983/month
Average Rent
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3 BR
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1,802 sq ft
Average Sq Ft
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$4,654/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Nicollet Island - Minneapolis, MN is for everyday living.
Exceptionally Walkable
Walkability
90
/ 100
Exceptional Public Transit
Transit
90
/ 100
Moderately Drivable
Drivability
70
/ 100
Very Bikeable
Bikeability
80
/ 100
Daily Essentials
In Nicollet Island - Minneapolis, MN, daily errands are quick and hassle-free.
Supermarket Within a 5 Minute Walk
Groceries
90
/ 100
Great Restaurant Variety Nearby
Restaurants
80
/ 100
Good Café Variety Nearby
Cafes
60
/ 100
Good Variety of Shops Nearby
Shopping
70
/ 100
Recreation
Nicollet Island - Minneapolis, MN provides ample green space and fitness centers within easy reach.
Exceptional Amount of Park Space Nearby
Parks
100
/ 100
Great Wellness Amenity Variety Nearby
Wellness
80
/ 100
Local Vibe
Get a sense of what it’s like to live in Nicollet Island - Minneapolis, MN from everyday activity to noise and nightlife.
Vibrant Atmosphere
Vibrancy
60
/ 100
Exceptional Nightlife Variety Nearby
Nightlife
100
/ 100
Very Noisy
Quiet Score
30
/ 100
Scores provided by
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
Top Apartments 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 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.