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Rental Market Trends in Plymouth, MN

What is the average rent in Plymouth, MN?

$1,494/month

Average Rent

791 Sq Ft

Average Apartment Size

+2.8%

Increase in the Last Year

As of March 2026, the average rent in Plymouth, MN is $1,494 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Plymouth rent prices are 8% lower than the national average. When you rent an apartment in Plymouth, you can expect to pay about $1,192 per month for a studio, $1,494 for a one-bedroom apartment, and around $1,812 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,335 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,192/month
518 Sq Ft
One Bedroom
$1,494/month
791 Sq Ft
Two Bedroom
$1,812/month
1,106 Sq Ft
Three Bedroom
$2,335/month
1,317 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$3,545/month
2,238 Sq Ft
Four Bedroom
$5,811/month
3,148 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,542/month
1,884 Sq Ft

How much has average rent changed in Plymouth, MN?

In the past year, rent has increased by 2.8%, which averages out to $42 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Plymouth, MN
Last Updated March 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Plymouth, MN
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
37% $1,001 - $1,500/month
46% $1,501 - $2,000/month
17% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Plymouth?

Based on current rent prices, Creekside of Plymouth, Plymouth Creek and Vicksburg Village are the most affordable neighborhoods in Plymouth.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Creekside of Plymouth
$1,623/month
775 Sq Ft
Plymouth Creek
$1,624/month
791 Sq Ft
Vicksburg Village
$1,624/month
791 Sq Ft
Plymouth-Wayzata
$1,674/month
777 Sq Ft
Bass Lake Terrace
$1,744/month
847 Sq Ft
Medicine Lake
$1,819/month
760 Sq Ft
Parkers Lake
$2,009/month
781 Sq Ft

What are the most expensive neighborhoods in Plymouth?

Based on current rent prices, Parkers Lake, Medicine Lake and Bass Lake Terrace are the most expensive neighborhoods in Plymouth.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Parkers Lake
$2,009/month
781 Sq Ft
Medicine Lake
$1,819/month
760 Sq Ft
Bass Lake Terrace
$1,744/month
847 Sq Ft
Plymouth-Wayzata
$1,674/month
777 Sq Ft
Plymouth Creek
$1,624/month
791 Sq Ft
Vicksburg Village
$1,624/month
791 Sq Ft
Creekside of Plymouth
$1,623/month
775 Sq Ft

Which Plymouth neighborhoods have the most rentals available?

The neighborhoods in Plymouth with the most apartments available are Medicine Lake, Plymouth-Wayzata and Creekside of Plymouth .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Medicine Lake
$1,819/month
760 Sq Ft
Plymouth-Wayzata
$1,674/month
777 Sq Ft
Creekside of Plymouth
$1,623/month
775 Sq Ft
Plymouth Creek
$1,624/month
791 Sq Ft
Vicksburg Village
$1,624/month
791 Sq Ft
Bass Lake Terrace
$1,744/month
847 Sq Ft
Parkers Lake
$2,009/month
781 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Plymouth, MN?

Because the average rent in Plymouth is $1,494, you’ll want to make about $4,980 per month or $59,760 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Plymouth, MN

1,455 Available Apartments for Rent

Search for Nearby Apartments

How does Plymouth, MN compare to other nearby cities and neighborhoods?

Use the tool below to compare Plymouth, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Plymouth, MN

Apartment Averages

Creekside of Plymouth

Plymouth, MN

Parkers Lake

Plymouth, MN

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • New Hope Average Rent
  • Wayzata Average Rent
  • Crystal Average Rent
  • Golden Valley Average Rent

Apartment communities in Plymouth we think you'll love

CURRENTS

CURRENTS

3205 Harbor Ln N,
Plymouth, MN 55447

$1,064 - $2,950 Plus Fees

Studio - 3 Beds | 13 Month Lease

Quinn at Plymouth

Quinn at Plymouth

6110 Quinwood Ln N,
Plymouth, MN 55442

$1,595 - $2,695 Plus Fees

1-3 Beds | 12 Month Lease

The Mera

The Mera

9920 Wayzata Blvd,
Minneapolis, MN 55426

$1,630 - $3,637 Plus Fees

Studio - 2 Beds

Wren on the Creek

Wren on the Creek

10010 6th Ave N,
Plymouth, MN 55441

$1,966 - $4,259 Total Monthly Price

1-3 Beds

Property Management Companies in Plymouth, MN

Bigos Management
Bigos Management
  • 52

    Communities

  • 10,039

    Units

  • 23

    Cities

6 Communities in Plymouth
Centerspace
Centerspace
  • 46

    Communities

  • 9,556

    Units

  • 25

    Cities

4 Communities in Plymouth
Greystar
Greystar
  • 3,473

    Communities

  • 956,298

    Units

  • 897

    Cities

3 Communities in Plymouth
Trinity Property Consultants
Trinity Property Consultants
  • 164

    Communities

  • 42,465

    Units

  • 96

    Cities

3 Communities in Plymouth
CSM Corporation
CSM Corporation
  • 15

    Communities

  • 2,563

    Units

  • 12

    Cities

3 Communities in Plymouth
Hornig Companies, Inc.
Hornig Companies, Inc.
  • 41

    Communities

  • 2,239

    Units

  • 12

    Cities

3 Communities in Plymouth
FPA Multifamily LLC
FPA Multifamily LLC
  • 84

    Communities

  • 17,112

    Units

  • 63

    Cities

2 Communities in Plymouth
Weidner Apartments Homes
Weidner Apartments Homes
  • 118

    Communities

  • 36,310

    Units

  • 55

    Cities

2 Communities in Plymouth

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United States Minnesota Plymouth Rental Trends

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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity