Rental Market Trends in Minnesota
Updated August 2026
$1,366/month
Average Rent
+2.2%
Increase in the Last Year
+$29
Average Price Increase
Ranked 26th
Least Expensive Rent by State
22,444
Available Rentals
Saint Cloud, MN
City with the Lowest Rent
What is the average rent in Minnesota?
As of August 2026, the average rent in Minnesota is $1,366/month. When you rent an apartment in Minnesota, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $1,161 per month for a studio, $1,366 for a one-bedroom apartment, and around $1,686 for a two-bedroom apartment in Minnesota. If you opt for a three-bedroom rental, you could pay $2,083 or more.
Rent by City
What are the most affordable cities in Minnesota?
Based on current rent prices, the cheapest cities in Minnesota to live are Saint Cloud, Saint Paul and Brooklyn Park.
What are the most expensive cities in Minnesota?
Based on current rent prices, the most expensive cities in Minnesota to live are Maple Grove, Woodbury and Minnetonka.
Nearby State Markets
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Methodology
† 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.
State graphics provided by ProPublica
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