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Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minneapolis Studio Apartments | $1,310 | $640 | $2,380 |
| Minneapolis 1 Bedroom Apartments | $1,584 | $500 | $8,259 |
| Minneapolis 2 Bedroom Apartments | $2,147 | $469 | $10,000+ |
Minneapolis 3 Bedroom Apartments | $2,379 | $495 | $9,831 |
| Minneapolis 4 Bedroom Apartments | $2,141 | $535 | $7,939 |
| Minneapolis 5 Bedroom Apartments | $3,179 | $2,000 | $3,944 |
There are currently 309 available 3 Bedroom apartment units from neighborhoods all over Minneapolis, MN that range in price from $495 to $11,414. Woodbury Afton Lake Elmo, Eagan Burnsvle Inner Gr Hts W St Paul and Dinkytown are the neighborhoods that currently have the most 3 Bedroom availability. Here is today's list of the top neighborhoods in Minneapolis with the most available 3 Bedroom apartments:
| Neighborhood | Available Units | Median Price | Min Price |
|---|---|---|---|
| Woodbury Afton Lake Elmo | 34 | $2,764 | $1,849 |
| Eagan Burnsvle Inner Gr Hts W St Paul | 30 | $2,512 | $1,500 |
| Dinkytown | 27 | $944 | $495 |
| Marcy-Holmes | 27 | $2,375 | $1,045 |
| Outer Coon Rapids Fridley Blaine | 19 | $1,899 | $1,425 |
| Maplewood Oakdale | 15 | $2,914 | $1,534 |
| East Minnetonka | 10 | $2,300 | $1,643 |
| St. Anthony | 9 | $2,865 | $1,722 |
| Columbia Heights | 8 | $1,512 | $1,512 |
| Medicine Lake | 8 | $3,594 | $2,295 |
The largest available 3 Bedroom apartment unit in Minneapolis, MN is found at North Loop Green 360 in the Greater Central neighborhood and is 2,576 square feet priced from $12,407. Marquette Place has the second largest 3 Bedroom, which is sized at 2,572 square feet and currently listed start at $5,187. Here is today’s list of the largest available 3 Bedroom units in Minneapolis:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| North Loop Green 360 | PHD3 (3x3) | 2,576 Sq Ft | $12,407 |
| Marquette Place | Penthouse | 2,572 Sq Ft | $5,187 |
| The Elysian | Poseidon | 2,454 Sq Ft | $3,500 |
| 4th and Park | 3x2p D1 | 1,855 Sq Ft | $6,625 |
| Viridium Apartments | Steel | Penthouse | 1,804 Sq Ft | $5,625 |
| Landsby on Penn | Oak | 1,796 Sq Ft | $4,301 |
| 808 Berry Place | Three Bedroom Townhome - B | 1,794 Sq Ft | $2,904 |
| Riverside Homes | 3 Beds, 2 baths | 1,500 Sq Ft | $2,399 |
As of February 21, 2026 the lowest priced 3 Bedroom apartment unit in Minneapolis, MN is the C5 Model starting from $495 at Radius in the Dinkytown neighborhood. The second most affordable Minneapolis 3 Bedroom is the Three Bedroom 1.5 Bathrooms Model at Holmes Park Village starting at $792 in the Marcy-Holmes neighborhood. The average price for all 3 Bedroom apartments in Minneapolis is currently $2,379. Here is today’s list of the cheapest available 3 Bedroom options in Minneapolis:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Radius | C5 | $495 |
| Holmes Park Village | Three Bedroom 1.5 Bathrooms | $792 |
| Yugo Minneapolis 412 Lofts | 3 Bed, 2 Bath Classic | $809 |
| 1115 Humboldt Ave N | 3-bedroom | $1,300 |
| E Street Flats - Student Housing | 3B-A | $1,495 |
| The Legends of Columbia Heights 55+ Living | Three Bedroom - B | $1,512 |
| Shelby Commons | Three Bedroom | $1,536 |
| Oaks Landing 55+ Apartments | Three Bedroom 3C | $1,556 |
| 2215 W 74th St | 3 Bed, 1 Bath | $1,570 |
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Where the Mississippi and Minnesota Rivers meet, sits Minneapolis and its sister city Saint Paul. With Minneapolis having the largest population in the state and Saint Paul being the capital, these Twin Cities form the second-largest economic center of the Midwest. The area is surrounded by scenic water parks, including rivers, lakes, wetlands, and waterfalls, making it the perfect city for watersport fans. Connected by the Grand Rounds National Scenic Byway, these green spaces link together through seven districts around the city. Minneapolis is also considered a global city and a significant contributor to the world economy. With the fifth-highest number of Fortune 500 companies in the country, apartments in Minneapolis are perfect for young professionals to live.
The Twin Cities are considered the Midwest’s cultural capital with more than 60 museums, 30 stage theaters, and ten dance companies. With unique attractions, world-class dining, and miles of green spaces, it has the best of two cities for the price of one. With nearly two dozen Fortune 500 companies calling Minneapolis home, such as UnitedHealth Group, Target, and Best Buy, the local economy continues to grow. No sales tax on clothing makes shopping at the Mall of America, the largest mall in the country, that much better.
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Let everyone know!
Write a ReviewA dream city for outdoorsy types who crave an urban experience...there's nothing like a day at the lakes or hitting up the Grand Rounds. Add amazing theater (like the Guthre) and restaurants and you have the perfect urban (but not too urban) lifestyle. The cost of living is going up but still pretty reasonable compared to most cities of a similar size and with similar cultural opportunities.
Currently the most affordable 3 Bedroom in Minneapolis is at Radius listed at $495.
The average rent for a 3 Bedroom Apartment in Minneapolis is $2,379.
Today's apartment with the most square footage in Minneapolis is a 2,576 square feet unit starting from $12,407 at North Loop Green 360.
The average size for a 3 Bedroom rental in Minneapolis is currently 1,670 sq ft.
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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