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Rental Market Trends in Plymouth, MN

Updated September 2026

The average rent in Plymouth, MN is $1,527/month.

Rent in Plymouth is roughly equal to the national average rent of of $1,665/month.

$1,527/month

Average Rent

794 Sq Ft

Average Size

+4.3%

Change / Year

1,172

Available Apartments

Plymouth rent varies by unit size and layout:

  • Studio apartments in Plymouth average $1,247 per month.
  • One-bedroom apartments in Plymouth average $1,527 per month.
  • Two-bedroom apartments in Plymouth average $1,832 per month.
  • Three-bedroom apartments in Plymouth average $2,458 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,247/month
517 Sq Ft
One Bedroom
$1,527/month
794 Sq Ft
Two Bedroom
$1,832/month
1,106 Sq Ft
Three Bedroom
$2,458/month
1,330 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$3,304/month
1,784 Sq Ft
Four Bedroom
$4,770/month
2,948 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,953/month
1,214 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,198/month
1,423 Sq Ft
Three Bedroom
$2,525/month
1,684 Sq Ft
View Plymouth Apartments

How much has average rent changed in Plymouth, MN?

In the past year, rent has increased by 4.3%, which averages out to $66 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Plymouth, MN

September 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
33% $1,001 - $1,500/month
50% $1,501 - $2,000/month
17% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Plymouth?

Based on current rent prices, Plymouth-Wayzata and Medicine Lake" are the most affordable neighborhoods in Plymouth.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Plymouth-Wayzata
$1,850/month
724 Sq Ft
Medicine Lake
$2,086/month
745 Sq Ft

What are the most expensive neighborhoods in Plymouth?

Based on current rent prices, Medicine Lake and Plymouth-Wayzata" are the most expensive neighborhoods in Plymouth.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Medicine Lake
$2,086/month
745 Sq Ft
Plymouth-Wayzata
$1,850/month
724 Sq Ft

Which Plymouth neighborhoods have the most rentals available?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Plymouth-Wayzata
$1,850/month
724 Sq Ft
Medicine Lake
$2,086/month
745 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 $1,527, you’ll want to make about $5,090 per month or $61,080 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

1,172 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.

View the Plymouth Area Guide

Apartment Averages

Plymouth-Wayzata

Plymouth, MN

Medicine Lake

Plymouth, MN

Studio
$1,445/month
$1,249/month
One Bedroom
$1,642/month
$1,609/month
Two Bedroom
$1,873/month
$1,899/month
Three Bedroom
$2,376/month
$2,527/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • New Hope

    New Hope

    Avg Rent: $1,192/month

  • Wayzata

    Wayzata

    Avg Rent: $1,788/month

  • Crystal

    Crystal

    Avg Rent: $1,216/month

  • Golden Valley

    Golden Valley

    Avg Rent: $1,529/month

  • Long Lake

    Long Lake

    Avg Rent: $1,889/month

  • Maple Grove

    Maple Grove

    Avg Rent: $1,724/month

Apartment Communities in Plymouth We Think You'll Love

CURRENTS

CURRENTS

3205 Harbor Ln N,
Plymouth, MN 55447

Studio - 3 Beds | $1,225 - $2,950

Rone

Rone

3060 Harbor Ln N,
Minneapolis, MN 55447

Studio - 3 Beds | $1,704 - $4,175

The Mera

The Mera

9920 Wayzata Blvd,
Minneapolis, MN 55426

Studio - 3 Beds | $1,633 - $3,581

Arrive at Medicine Lake

Arrive at Medicine Lake

1020 W Medicine Lake Dr,
Plymouth, MN 55441

1-3 Beds | $1,849 - $3,359

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Frequently Asked Questions

What is the average rent in Plymouth?

The average rent in Plymouth is $1,527 per month, which is 8.3% lower than the national average of $1,665.

What is the average rent for a house in Plymouth?

The average rent for a house in Plymouth, MN is $3,304 per month.

What is the average rent for a townhome in Plymouth?

The average rent for a townhome in Plymouth, MN is $2,198 per month.

Are rents going up or down in Plymouth?

Rents in Plymouth, MN are increasing, with prices up 4.3% year-over-year and $66 more per month.

What rent range is most common in Plymouth?

In Plymouth, MN, 50% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

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 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.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity