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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Minneapolis Studio Apartments | $1,279 | $640 | $3,589 |
| New Minneapolis 1 Bedroom Apartments | $1,552 | $500 | $6,720 |
| New Minneapolis 2 Bedroom Apartments | $2,175 | $469 | $10,000+ |
| New Minneapolis 3 Bedroom Apartments | $2,485 | $495 | $10,000+ |
| New Minneapolis 4 Bedroom Apartments | $2,518 | $495 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,476 | $2,029 | $6,633 |
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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.
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
See the most popular apartments and homes in Minneapolis, MN
Most errands can be accomplished on foot
Biking is convenient for most trips
Many nearby public transportation options
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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 New Apartment in Minneapolis is at Accolade Minneapolis listed at $580.
The average rent for a New Apartment in Minneapolis is $2,315.
Today's New apartment with the most square footage in Minneapolis is a 3,450 square feet unit starting from $2,150 at The Lakes Residences.
The average size for a New rental in Minneapolis is currently at 582 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: Christine Leonard, Esq.
Everything is a negotiation in real estate!
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
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