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Studio Apartments for Rent in Anoka, MN

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    Starting at $1,150

    Total Monthly Price

    • Studio - 2 Beds

    820 W Main St, Anoka, MN 55303

    ** Fill out our FREE application now and take the first step towards securing your dream home! ***Unit pricing based on availability. Contact our Leasing Team today to learn more. Restrictions Apply.*Welcome Home.Discover charming studio, 1, and 2-bedroom apartments at Rainbow Plaza in Anoka, MN. Each unit features spacious closets, efficient appliances, and select units

    Rainbow Plaza Apartments

    820 W Main St, Anoka, MN 55303
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    Starting at $760 Plus Fees

    • Studio - 2 Beds

    1150-1160 Queens Ln, Anoka, MN 55303

    Queens Lanes is located near beautiful downtown Anoka. We are the perfect place to call home, with our attractive apartment community you will be close to entertainment, fantastic shopping and the best restaurants Anoka has to offer. Even with this great location our rent is still very affordable! Our buildings feature a controlled entrance, air conditioning and centralized heating,water

    Queens Lane Apartments

    1150-1160 Queens Ln, Anoka, MN 55303

Why Live in Anoka

Anoka, Minnesota, located 20 miles northwest of Minneapolis and 26 miles northwest of St. Paul, is a residential suburb with a rich history dating back to its days as a mill town in the mid-1840s. Positioned at the confluence of the Mississippi and Rum Rivers, Anoka's identity is closely tied to these waterways, with Peninsula Point Park serving as a central hub for community events and recreation. The city is renowned as the Halloween Capital of the World, a title officially recognized in 1937, and continues to celebrate with annual parades and festivities. Housing in Anoka varies by neighborhood, with options ranging from new constructions in Rum River Shores to midcentury designs in the 7th Ave and Main area. The median home price is $345,000, which is lower than the national median. Main Street offers a bustling downtown experience with local shops, restaurants, and cafes, while Riverdale Commons provides access to major retailers like Target and PetSmart. Anoka is well-connected via the Northstar commuter rail line and major highways, ensuring easy access to Minneapolis and St. Paul. The Anoka-Hennepin School District, the largest in Minnesota, serves the area with highly rated schools. Additionally, Anoka boasts a low crime rate, with significant reductions in property crime over recent years. Parks like the Anoka Aquatic Center and Rick Sorenson Park offer year-round recreational opportunities, catering to both summer and winter activities.

Frequently Asked Questions

How much does it cost to rent a home in Anoka, MN?
The median rent for a home in Anoka, MN is $2,500 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Anoka, MN?
To comfortably afford the median rent in Anoka, MN, a household needs to earn roughly $100,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,500 per month in Anoka, MN, renters typically need to show $7,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Anoka, MN?
In Anoka, MN, the price-to-rent ratio is 12.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,500
Median Single Family Home Rent
$2,650
Median Townhouse Rent
$2,150
Median Condo Rent
$1,370
How to Rent a Home