4,349

Luxury Homes for Rent in Minneapolis, MN

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  • /70

    $12,500 Per Month

    • 2 Beds
    • 2.5 Baths
    • 2,646 Sq Ft
    • Apartment for Rent

    1111 W River Pkwy Unit 11C, Minneapolis, MN 55415

    Rare opportunity to rent at the incredible Eleven on the River. This corner 2-Bedroom+ Den unit offers abundant natural light and iconic views of downtown and the park fill the grand, floor-to-ceiling windows. Intricate millwork detailing evokes classical traditions and luxurious finishes throughout presenting the perfect palette of interior design and refinement. Amenities include an expansive

    Svetlana Dahlgren Prudden & Company

    1111 W River Pkwy Unit 11C, Minneapolis, MN 55415
  • /34

    $11,800 Per Month

    • 5 Beds
    • 4.5 Baths
    • 5,347 Sq Ft
    • House for Rent

    4323 Cedar Lake Rd S, Minneapolis, MN 55416

    Unicorns do exist. Welcome to 4323 Cedar Lake Road South — a rare, one-of-a-kind new construction masterpiece where luxury meets lifestyle in a way that simply cannot be replicated. Nestled on a coveted double cul-de-sac lot with direct trail access right from your driveway, this extraordinary home delivers every bell, every whistle, and a few things you never even knew to wish for. Skip the

    Ross Lumley Stepping Stone Brokers LLC

    4323 Cedar Lake Rd S, Minneapolis, MN 55416
  • /55

    Starting at $2,388 Plus Fees

    • 1 - 3 Beds

    3945 Market St, Edina, MN 55424

    Welcome to Nolan Mains, a premier living destination in Edina, MN. Our apartments offer a host of amenities designed for your comfort and convenience. Enjoy the luxury of covered parking and the convenience of on-site management. Stay fit with our free weights, fitness center, and Peloton bikes, or unwind in our sauna, steam room, or yoga studio. Our controlled access community also features bike

    Nolan Mains Residences at 50th & France

    3945 Market St, Edina, MN 55424
  • /104

    $10,500 Per Month

    • 2 Beds
    • 3.5 Baths
    • 3,813 Sq Ft
    • Apartment for Rent

    201 S 11th St Unit 2500, Minneapolis, MN 55403

    Welcome to Ivy #2500, the most stunning penthouse within the Ivy Residences. Enjoy an open floor plan with exceptional finishes, with floor-to-ceiling windows showcasing stunning views of Downtown and the city in three directions. The city is at your fingertips, with 3 restaurants, a top rated full-service spa, a 24 hour concierge and hotel amenities, all in-building. Some of the best restaurants

    Lancelot Bender Compass

    201 S 11th St Unit 2500, Minneapolis, MN 55403
  • /21

    Starting at $2,940 Plus Fees

    • 1 - 2 Beds

    4901 France Ave S, Minneapolis, MN 55410

    Velwood is a refined apartment community where timeless craftsmanship meets warm Midwestern hospitality. Thoughtfully designed homes, elevated finishes, and welcoming shared spaces create a living experience that feels both sophisticated and comfortable. At Velwood, everyday routines are supported by intentional design, meaningful amenities, and a sense of ease that makes home feel

    Velwood Residences

    4901 France Ave S, Minneapolis, MN 55410
  • /33

    Starting at $1,671

    Total Monthly Price

    • Studio - 3 Beds

    365 Nicollet Mall, Minneapolis, MN 55401

    Welcome to 365 Nicollet, the premier apartment community in Minneapolis, Minnesota. Choose from a variety of spacious floorplans, including studio, one, two, and three-bedroom apartments. Alongside every floor plan, our community offers an array of high-end amenities to enhance your lifestyle. Relax in the all-season jacuzzi spa or enjoy stunning city views in the penthouse lounge. Stay active

    365 Nicollet

    365 Nicollet Mall, Minneapolis, MN 55401
  • /30

    $8,748

    Total Monthly Price

    • 5 Beds
    • 4 Baths
    • 2,088 Sq Ft
    • Condo for Rent

    2808 Colfax Ave S Unit SI ID1250754P, Minneapolis, MN 55408

    The advertised rate of $8,748/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 19, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    2808 Colfax Ave S Unit SI ID1250754P, Minneapolis, MN 55408
  • /78

    Starting at $1,896 Plus Fees

    • Studio - 3 Beds

    212 10th Ave S, Minneapolis, MN 55415

    Encore Apartments lends a coveted slice of urban riverbank and the prestigious nuance of the artistic liveliness that lies in the shadow of The Guthrie Theatre. Situated in the heart of the Minneapolis Mill District across from Gold Medal Park, the 12-storied Encore offers multilevel townhomes with private access and expansive penthouse homes overlooking the Mississippi River and downtown

    Encore

    212 10th Ave S, Minneapolis, MN 55415
  • /20

    $8,037

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • Condo for Rent

    1115 W 31st St Unit SI ID1292856P, Minneapolis, MN 55408

    The advertised rate of $8,037/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 4, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    1115 W 31st St Unit SI ID1292856P, Minneapolis, MN 55408
  • /30

    $7,993

    Total Monthly Price

    • 4 Beds
    • 4 Baths
    • 2,260 Sq Ft
    • Condo for Rent

    2424 Lyndale Ave S Unit SI FL4-ID1250774P, Minneapolis, MN 55405

    The advertised rate of $7,993/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 17, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    2424 Lyndale Ave S Unit SI FL4-ID1250774P, Minneapolis, MN 55405
  • /99

    Starting at $1,744

    Total Monthly Price

    • Studio - 3 Beds

    200 University Ave SE, Minneapolis, MN 55414

    We can't wait to welcome you home! Here's what you can expect at Expo. Our community and all our homes are smoke-free. We allow cats, dogs, and other small animals. We have no breed restrictions upon an approved pet application. Required Fees - Move-in: application fee - $50 per applicant, deposit - $500, & administration Fee - $150. Monthly: rent - fixed cost dependent on size, move-in date, and

    Expo

    200 University Ave SE, Minneapolis, MN 55414
  • /50

    Starting at $2,282 Plus Fees

    • 1 - 2 Beds

    2622 W Lake St, Minneapolis, MN 55416

    The Lakes is a luxury lakefront residence with a boutique collection of one and two bedroom + study homes and exceptional lakefront penthouses. Situated on West Lake Street in the heart of lakefront Minneapolis, The Lakes encourages city living with a lakeside lifestyle. Impeccable designer touches coupled with an unbeatable view and location makes The Lakes your premier lakeside living home.

    The Lakes Residences

    2622 W Lake St, Minneapolis, MN 55416
  • /118

    Starting at $1,910

    Total Monthly Price

    • 1 - 2 Beds

    1125 S 2nd St, Minneapolis, MN 55415

    Forte on the Park is a brand-new 12-story high-rise building that features stylish alcove, one and two-bedroom floor plans, and eleven uniquely designed penthouses located on the 12th floor. Each luxury Minneapolis apartment features an open-plan kitchen, two designer finish package options, stainless steel appliances, hardwood flooring, and quartz countertops. Overlooking Gold Medal Park in

    Forte on the Park

    1125 S 2nd St, Minneapolis, MN 55415
  • /77

    Starting at $1,735 Plus Fees

    • 1 - 2 Beds

    250 Portland Ave, Minneapolis, MN 55401

    Located in the Mill District neighborhood of downtown Minneapolis, O2 Luxury Tower stands tall as a beacon of refined living. Now open and accepting applications, this 22-story masterpiece is poised to redefine luxury living in the city. Schedule a tour today. O2 Luxury Tower promises to be more than just a residence it is a sanctuary above the city, offering unparalleled views of the majestic

    O2

    250 Portland Ave, Minneapolis, MN 55401
  • /50

    Starting at $1,689

    Total Monthly Price

    • Studio - 2 Beds

    309-315 1st Ave NE, Minneapolis, MN 55413

    NordHaus Apartments is a collection of luxury apartment homes located in the heart of Northeast Minneapolis-a gateway to craft breweries, cafes, art galleries and parks where you can walk the city's original cobblestone streets, bike over the Stone Arch Bridge, and come back to a luxurious sanctuary you can call home. Our thoughtfully designed apartments offer a range of options from studios to

    Nordhaus Apartment Homes

    309-315 1st Ave NE, Minneapolis, MN 55413
  • /28

    $6,782

    Total Monthly Price

    • 5 Beds
    • 3 Baths
    • 2,088 Sq Ft
    • Condo for Rent

    2808 Colfax Ave S Unit SI ID1250755P, Minneapolis, MN 55408

    The advertised rate of $6,782/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 17, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    2808 Colfax Ave S Unit SI ID1250755P, Minneapolis, MN 55408
  • /20

    $6,731

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,926 Sq Ft
    • Condo for Rent

    5252 Drew Ave S Unit SI FL3-ID1369957P, Minneapolis, MN 55410

    The advertised rate of $6,732/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 22, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    5252 Drew Ave S Unit SI FL3-ID1369957P, Minneapolis, MN 55410
  • /36

    Starting at $1,543

    Total Monthly Price

    • Studio - 3 Beds

    1369 Spruce Place, Minneapolis, MN 55403

    LPM Apartments offers luxury, pet-friendly studio, 1, 2, and 3-bedroom apartments in the Loring Park neighborhood in downtown Minneapolis, MN. You'll live within five minutes from Target Field, the U.S. Bank Stadium, The Armory, and the Minneapolis Convention Center, bringing Minneapolis's most popular events to your backyard.You can easily navigate the city with access to the Metro Transit,

    LPM Apartments

    1369 Spruce Place, Minneapolis, MN 55403
  • /20

    $6,574

    Total Monthly Price

    • 3 Beds
    • 3 Baths
    • 2,594 Sq Ft
    • Condo for Rent

    5052 Logan Ave S Unit SI FL2-ID1369958P, Minneapolis, MN 55419

    The advertised rate of $6,574/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 13, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    5052 Logan Ave S Unit SI FL2-ID1369958P, Minneapolis, MN 55419
  • /20

    $6,565

    Total Monthly Price

    • 3 Beds
    • 3 Baths
    • 1,506 Sq Ft
    • Condo for Rent

    2424 Lyndale Ave S Unit SI ID1310908P, Minneapolis, MN 55405

    The advertised rate of $6,565/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 18, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    2424 Lyndale Ave S Unit SI ID1310908P, Minneapolis, MN 55405
  • /79

    $6,500 Per Month

    • 4 Beds
    • 2.5 Baths
    • 3,876 Sq Ft
    • Apartment for Rent

    2950 Dean Pkwy Unit 1903-4, Minneapolis, MN 55416

    Presenting The Premier Lake Point Penthouse Residence! An amazing value no other rental units with this amount of space, location or view can come close! Completely furnished and ready for immediate occupancy. This is a truly one-of-a-kind home and is an absolute wow! Two highly desirable corner units have been combined to create the pinnacle of elegance with views from every room that will take

    Matt Baker Coldwell Banker Realty - Lakes

    2950 Dean Pkwy Unit 1903-4, Minneapolis, MN 55416
  • /41

    $6,500 Per Month

    • 5 Beds
    • 5.5 Baths
    • 4,131 Sq Ft
    • House for Rent

    2837 Glenhurst Ave, Saint Louis Park, MN 55416

    Located in Fern Hill, one of St. Louis Park's most desirable neighborhoods, this inviting home offers a blend of classic character, functional living spaces, and recent updates throughout. The main level features comfortable gathering areas, a well-appointed kitchen with ample storage, and a dedicated office ideal for working from home. Upstairs you'll find four bedrooms, including a generous

    Jonathan Spar Edina Realty, Inc.

    2837 Glenhurst Ave, Saint Louis Park, MN 55416
  • /20

    $6,040

    Total Monthly Price

    • 4 Beds
    • 3 Baths
    • 1,776 Sq Ft
    • Condo for Rent

    4224 Drew Ave S Unit SI ID1520896P, Minneapolis, MN 55410

    The advertised rate of $6,040/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 11, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    4224 Drew Ave S Unit SI ID1520896P, Minneapolis, MN 55410
  • /51

    $6,000 Per Month

    • 2 Beds
    • 2 Baths
    • 2,448 Sq Ft
    • Apartment for Rent

    404 Washington Ave N Unit 506, Minneapolis, MN 55401

    Welcome to this stunning & spacious condo, rarely available, in the popular historic Security Lofts & sought-after Warehouse District/North Loop. Custom remodeled by renowned architect Peterssen/Keller, every detail and finish was specifically chosen to optimize every space for convenience, comfort, versatilty and enjoyment. Luxurious finishes throughout include mosaic tile, walnut surfaces and

    Agent Photo

    Devon White

    DRG

    404 Washington Ave N Unit 506, Minneapolis, MN 55401
  • /59

    $5,995 Per Month

    • 2 Beds
    • 2.5 Baths
    • 2,422 Sq Ft
    • Apartment for Rent

    1240 S 2nd St Unit 1601, Minneapolis, MN 55415

    Mill District penthouse with stunning views, amazing finishes, and an a massive main space now available at Legacy Condos! This open and modern 2BR+ Den features walls of windows facing the south and east, rich dark hardwood floors, and an open concept floorplan perfect for entertaining. Gourmet kitchen has top of the line appliances, beautiful backsplash, with tons of countertop space and

    Agent Photo

    Tim Carson

    DRG

    1240 S 2nd St Unit 1601, Minneapolis, MN 55415
  • /67

    Starting at $1,811

    Total Monthly Price

    • Studio - 4 Beds

    2900 Thomas Ave S, Minneapolis, MN 55416

    Wake up to shimmering lake views and the quiet elegance of refined design. Nestled along the shores of Bde Maka Ska, The Beach Club Residences offer a rare blend of natural beauty and urban sophistication. Here, every detail invites you to slow down, savor the moment, and fall in love with where you live. This isn't just home - it's your personal sanctuary in the heart of Minneapolis.Choose from

    The Beach Club Residences

    2900 Thomas Ave S, Minneapolis, MN 55416
  • /23

    Starting at $1,515

    Total Monthly Price

    • Studio - 3 Beds

    465 Nicollet Mall, Minneapolis, MN 55401

    Experience luxury high-rise living at Nic on 5th Apartments in Minneapolis, MN. You'll live directly connected to the Skyway and in front of a light rail stop, making the U.S. Bank Stadium and Target Field easily accessible. Nic on 5th provides stunning studios, 1, 2, and 3-bedroom apartments and penthouses that feature in-unit laundry, a gourmet kitchen, and floor-to-ceiling windows showcasing

    NIC on 5th

    465 Nicollet Mall, Minneapolis, MN 55401
  • /36

    $5,600

    Total Monthly Price

    • 8 Beds
    • 4 Baths
    • 1,900 Sq Ft
    • Spacious Brand New 8 Bed + 4 Bath near U of M!

    1129 8th St SE, Minneapolis, MN 55414

    Searching for an apartment near the U of M campus? Be the first tenants to live in this property. We are just wrapping up a $1.7 million dollar renovation. This 8 bedroom/4 bath, multilevel home has almost 2,000 square feet for you and your roommates to spread out and enjoy. The newly designed first floor features a large entryway, a gorgeous kitchen sporting sleek modern finishes and an

    1129 8th St SE, Minneapolis, MN 55414
  • /20

    $5,502

    Total Monthly Price

    • 3 Beds
    • 3 Baths
    • 1,506 Sq Ft
    • Condo for Rent

    2424 Lyndale Ave S Unit SI ID1250777P, Minneapolis, MN 55405

    The advertised rate of $5,503/month is the lowest available price, based on a 30 day(s) stay with a move-in date of January 17, 2027.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    2424 Lyndale Ave S Unit SI ID1250777P, Minneapolis, MN 55405
  • /36

    $5,450 Per Month

    • 3 Beds
    • 2 Baths
    • 1,640 Sq Ft
    • Apartment for Rent

    1120 S 2nd St Unit 408, Minneapolis, MN 55415

    This is a fully furnished 3 bedroom, 2 bath Gold Medal Park/River facing corner unit at Stonebridge Lofts with an abundance of natural light and spectacular views. The expansive living room features a wide-open floor plan with plenty of space for dining and living, and access to one of two balconies. Well-designed kitchen with high-end appliances, The spacious primary suite has its own balcony

    Luke Kleckner Compass

    1120 S 2nd St Unit 408, Minneapolis, MN 55415
  • /40

    Starting at $3,146

    Total Monthly Price

    • 1 - 3 Beds

    5129 France Ave S, Minneapolis, MN 55410

    Nestled just one block away from the historic 50th & France intersection, your new home at 51 France places you in the heart of a truly walkable neighborhood. From morning lattes to weekend outings, everything you need is close enough to reach on foot, yet the slight remove ensures a comfortable sense of calm when you return. Immerse yourself in the district’s storied charm, and enjoy the ideal

    51 France

    5129 France Ave S, Minneapolis, MN 55410
  • /96

    Starting at $1,619 Plus Fees

    • 1 - 4 Beds

    1314 Marquette Ave, Minneapolis, MN 55403

    Located in the heart of the city, Marquette Place features the area’s most unique living experience! Conveniently connected to the Minneapolis Skyway, Marquette Place will treat you to a first-class location, unsurpassed community amenities, and an impressive array of resident services. We offer a private, heated parking garage with car wash, spectacular 35th floor party rooms and sun deck,

    Marquette Place

    1314 Marquette Ave, Minneapolis, MN 55403
  • /34

    $5,288

    Total Monthly Price

    • 4 Beds
    • 1 Bath
    • 1,008 Sq Ft
    • House for Rent

    1901 -2301 Fillmore Street Ne Minneapolis Mn 55418, Minneapolis, MN 55418

    Fillmore at Home | Furnished 4-Bedroom Home for Extended StaysBuilt in 1901 and thoughtfully updated, Fillmore at Home is a fully furnished four-bedroom home in Northeast Minneapolis designed for insurance housing, corporate assignments, relocation, traveling healthcare professionals, remote professionals, and other extended stays.The home features original woodwork and hardwood

    1901 -2301 Fillmore Street Ne Minneapolis Mn 55418, Minneapolis, MN 55418
  • /43

    $5,250 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,860 Sq Ft
    • House for Rent

    5300 Logan Ave S, Minneapolis, MN 55419

    Gorgeous four bedroom, three bath home with ample storage, and entertaining, living spaces, fenced in side yard, with gorgeous deck and patios to augment spaces to entertain and enjoy the outdoors. Chef kitchen with open floor plan - two fireplaces, central and forced air! Move in and enjoy - turnkey living!

    Agent Photo

    Brian Wagner

    Coldwell Banker Realty

    5300 Logan Ave S, Minneapolis, MN 55419
  • /19

    $4,995 Per Month

    • 3 Beds
    • 3.5 Baths
    • 3,026 Sq Ft
    • House for Rent

    3721 Upton Ave S, Minneapolis, MN 55410

    Beautiful contemporary house located in the Linden Hills neighborhood in Minneapolis, steps away from Bde Maka Ska. This property has 3 bedrooms, 4 bathrooms, 2 attached parking garage and approximately 3,026 sqft of floor space, oak hardwood floors, nicely updated kitchen with stainless steel appliances, gas range, granite counter tops, beautiful master suite with two walk-in closets and bath,

    Ana Maria Vogler Coldwell Banker Realty - Lakes

    3721 Upton Ave S, Minneapolis, MN 55410
  • /11

    $4,800

    Total Monthly Price

    • 6 Beds
    • 3.5 Baths
    • 2,515 Sq Ft
    • Townhouse for Rent

    1115 26th Ave SE, Minneapolis, MN 55414

    Bring your GROUP and live at The NEXTON...A brand-new residence bringing modern comfort and community living to the Southeast Como neighborhood of Minneapolis. Perfectly located in a walkable, bike-friendly, and transit-accessible area, NEXTON offers easy access to local cafes, parks, and the University of Minnesota district while maintaining the charm of a residential neighborhood-Southeast

    1115 26th Ave SE, Minneapolis, MN 55414
  • /120

    Starting at $2,215

    Total Monthly Price

    • 1 - 2 Beds

    811 S Washington Ave, Minneapolis, MN 55415

    Located in the heart of the Mill District at 811 Washington Avenue South, Ironclad offers the perfect blend of historic neighborhood character and elegant modern comfort. From cosmopolitan concierge services to stunning, upscale fixtures and finishes, this is downtown Minneapolis living at its finest. Spacious open floor plans. Designer kitchens and baths. Resort-inspired on-site amenities. All

    Ironclad Residential

    811 S Washington Ave, Minneapolis, MN 55415
  • /41

    Starting at $1,403

    Total Monthly Price

    • Studio - 3 Beds

    270 E Hennepin Ave, Minneapolis, MN 55402

    1 MONTH FREE!Call for details

    270 Hennepin

    270 E Hennepin Ave, Minneapolis, MN 55402
  • /34

    Starting at $1,558

    Total Monthly Price

    • Studio - 3 Beds

    700 N 4th St, Minneapolis, MN 55415

    Live in a luxury, brand new studio, one, or two-bedroom home at 4th & Park Apartments in Minneapolis's Downtown East neighborhood. Enjoy the ultimate downtown lifestyle in a vibrant area with a skyway connection to Bank Stadium, Target Center, City Center, and much more! You'll also live above The Commons Community Park, The Armory, and several renowned restaurants. Be the first to move into your

    4th and Park

    700 N 4th St, Minneapolis, MN 55415
  • /72

    Starting at $1,456 Plus Fees

    • Studio - 2 Beds

    650 Portland Ave S, Minneapolis, MN 55415

    Luxury market-rate apartments located on the corner of 7th and Portland in Downtown East Minneapolis. We are Skyway connected and a short walk to U.S. Bank Stadium, The Commons Park, The Armory, and Stone Arch Bridge. Our homes and amenities are designed to meet your evolving needs, whether a day at the spa, artistic therapy, or connecting with others around the fire. Luxury meets leisure with

    Moment

    650 Portland Ave S, Minneapolis, MN 55415

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Frequently Asked Questions

How much does it cost to rent a home in Minneapolis, MN?
The median rent for a home in Minneapolis, MN is $1,995 per month, though prices vary by neighborhood, size, and property type. As of August 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 Minneapolis, MN?
To comfortably afford the median rent in Minneapolis, MN, a household needs to earn roughly $79,800 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 $1,995 per month in Minneapolis, MN, renters typically need to show $5,985 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 Minneapolis, MN?
In Minneapolis, MN, the price-to-rent ratio is 14.6, 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.
What neighborhoods in Minneapolis, MN are best for renting a home?
The best neighborhood for renting in Minneapolis, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Stevens Square, Elliot Park, Downtown West, Whittier and Loring Park, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
938
Median Rent
$1,995
Median Single Family Home Rent
$2,395
Median Townhouse Rent
$2,013
Median Condo Rent
$1,808
How to Rent a Home