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Rental Market Trends in Plymouth, MN

What is the average rent in Plymouth, MN?

$1,472/month

Average Rent

791 Sq Ft

Average Apartment Size

+2.8%

Increase in the Last Year

As of September 2025, the average rent in Plymouth, MN is $1,472 per month. For comparison, the national average rent price in the US is currently $1,639/month, which means Plymouth rent prices are 10% lower than the national average. When you rent an apartment in Plymouth, you can expect to pay about $1,222 per month for a studio, $1,472 for a one-bedroom apartment, and around $1,772 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,334 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,222/month
518 Sq Ft
One Bedroom
$1,472/month
791 Sq Ft
Two Bedroom
$1,772/month
1,107 Sq Ft
Three Bedroom
$2,334/month
1,318 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$4,039/month
3,088 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,975/month
1,365 Sq Ft
Three Bedroom
$2,471/month
1,755 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 September 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Plymouth, MN
Last Updated September 2025
$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, Plymouth Plaza, Hidden Lake and Plymouth-Wayzata are the most affordable neighborhoods in Plymouth.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Plymouth Plaza
$1,325/month
794 Sq Ft
Hidden Lake
$1,599/month
860 Sq Ft
Plymouth-Wayzata
$1,692/month
798 Sq Ft
Bass Lake Terrace
$1,695/month
860 Sq Ft
Medicine Lake
$1,840/month
784 Sq Ft
Parkers Lake
$1,876/month
754 Sq Ft
Plymouth Creek
$1,878/month
813 Sq Ft
Creekside of Plymouth
$1,878/month
813 Sq Ft
Vicksburg Village
$1,878/month
813 Sq Ft

What are the most expensive neighborhoods in Plymouth?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Plymouth Creek
$1,878/month
813 Sq Ft
Creekside of Plymouth
$1,878/month
813 Sq Ft
Vicksburg Village
$1,878/month
813 Sq Ft
Parkers Lake
$1,876/month
754 Sq Ft
Medicine Lake
$1,840/month
784 Sq Ft
Bass Lake Terrace
$1,695/month
860 Sq Ft
Plymouth-Wayzata
$1,692/month
798 Sq Ft
Hidden Lake
$1,599/month
860 Sq Ft
Plymouth Plaza
$1,325/month
794 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 Plymouth Plaza .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Medicine Lake
$1,840/month
784 Sq Ft
Plymouth-Wayzata
$1,692/month
798 Sq Ft
Plymouth Plaza
$1,325/month
794 Sq Ft
Hidden Lake
$1,599/month
860 Sq Ft
Bass Lake Terrace
$1,695/month
860 Sq Ft
Parkers Lake
$1,876/month
754 Sq Ft
Plymouth Creek
$1,878/month
813 Sq Ft
Creekside of Plymouth
$1,878/month
813 Sq Ft
Vicksburg Village
$1,878/month
813 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 $1,472, you’ll want to make about $4,906 per month or $58,872 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

1,261 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

Plymouth Plaza

Plymouth, MN

Plymouth Creek

Plymouth, MN

Studio
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-
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

Quinn at Plymouth Apartments

Quinn at Plymouth Apartments

6110 Quinwood Ln N,
Plymouth, MN 55442

$1,495 - $2,545

1-3 Beds

CURRENTS

CURRENTS

3205 Harbor Ln N,
Plymouth, MN 55447

$1,265 - $1,745

Studio - 2 Beds

Arrive Minnetonka

Arrive Minnetonka

300 Carlson Pky,
Minnetonka, MN 55305

$1,550 - $2,840

1-2 Beds

Vale

Vale

11816 Wayzata Blvd,
Minnetonka, MN 55305

$1,553 - $4,052

1-3 Beds

Property Management Companies in Plymouth, MN

Bigos Management
Bigos Management
  • 53

    Communities

  • 10,059

    Units

  • 23

    Cities

6 Communities in Plymouth
Centerspace
Centerspace
  • 59

    Communities

  • 12,247

    Units

  • 29

    Cities

5 Communities in Plymouth
Greystar
Greystar
  • 3,379

    Communities

  • 938,587

    Units

  • 864

    Cities

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

    Communities

  • 43,713

    Units

  • 98

    Cities

3 Communities in Plymouth
CSM Corporation
CSM Corporation
  • 15

    Communities

  • 2,563

    Units

  • 12

    Cities

3 Communities in Plymouth
Bader Companies
Bader Companies
  • 73

    Communities

  • 11,160

    Units

  • 28

    Cities

2 Communities in Plymouth
Kleinman Realty
Kleinman Realty
  • 54

    Communities

  • 3,509

    Units

  • 19

    Cities

2 Communities in Plymouth
Doran Companies
Doran Companies
  • 13

    Communities

  • 2,362

    Units

  • 11

    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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity