How many apartments are available in Near North on Rentable.co?

Rentable.co has over 182 apartments available near Near North.

What is the average rent for a studio apartment in Near North?

The average rent for a studio apartment near Near North is around $925 per month.

What is the average rent for a one-bedroom apartment in Near North?

The average rent for a one-bedroom apartment near Near North is around $1,300 per month.

What is the average rent for a two-bedroom apartment in Near North?

The average rent for a two-bedroom apartment near Near North is around $1,795 per month.

How many apartments are available in Minneapolis, MN on Rentable.co?

Rentable.co has over 42,282 apartments available in Minneapolis.

What is the average rent for a studio apartment in Minneapolis, MN?

The average rent for a <a href='/minneapolis-mn/studio-apartments-for-rent' >studio apartment</a> in Minneapolis is around $1,000 per month.

What is the average rent for a one-bedroom apartment in Minneapolis, MN?

The average rent for a <a href='/minneapolis-mn/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Minneapolis is around $1,250 per month.

What is the average rent for a two-bedroom apartment in Minneapolis, MN?

The average rent for a <a href='/minneapolis-mn/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Minneapolis is around $1,700 per month.

How expensive is it to rent an apartment in Minneapolis, MN?

For a two-bedroom apartment in Minneapolis, the average rent price is $1,700 per month, which is similar to the national average of $1,600 per month.

Can I afford an apartment for rent in Minneapolis, MN?

Based on average rent prices in Minneapolis, to afford a <a href='/minneapolis-mn/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $40,000 to live comfortably.

Apartments in Near North Minneapolis

Minneapolis:
December Rent Report

Welcome to the December 2024 Minneapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Minneapolis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Minneapolis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Minneapolis average rent prices in the chart below.

Monthly Rent Report

$1,800

$1,350

$900

$450

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

Minneapolis Rent Prices Increase From November to December

Minneapolis rent prices increased over the last month. From November to December, the city experienced a 0.72% increase for the price of a one-bedroom apartment. The rent price for a Minneapolis one-bedroom apartments currently stands at $1,255.0.

When we take a look at the two-bedroom comparison from November to December, Minneapolis experienced a 0.06% increase for the price of a two-bedroom apartment. The rent price for a Minneapolis two-bedroom apartments currently stands at $1,735.0.

December Prices: Minneapolis vs. Surrounding Areas

Bloomington, MN

Minnetonka, MN

Plymouth, MN

Robbinsdale, MN

Eagan, MN

St Louis Park, MN

Minneapolis, MN

St Paul, MN

$1,632

$1,587

$1,502

$1,408

$1,399

$1,356

$1,246

$1,216

$550

$1,100

$1,650

$2,200

Median 1 BR Rent

Rent Prices in Minneapolis and Surrounding Areas

Rent prices have increased in Minneapolis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Minneapolis suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Bloomington, MN, Plymouth, MN .
Rent decreased in St Paul, MN, St Louis Park, MN, Minnetonka, MN, Robbinsdale, MN, Eagan, MN.
6 suburbs are currently priced higher than the city of Minneapolis.
1 suburb is currently priced lower than the city of Minneapolis.

December 2024 Pricing Trends: Minneapolis vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,134

$3,160

$2,389

$2,353

$1,914

$1,318

$1,255

$1,234

$1,350

$2,700

$4,050

$5,400

Median Rent

Minneapolis Rent Prices More Affordable Than Major Cities

Rent growth in Minneapolis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Minneapolis average rent prices appear to be relatively affordable for local residents.

The price for a Minneapolis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Minneapolis and surrounding area rent prices, take a look at the complete data set below.

Data set for Minneapolis and suburbs

	1 BR December	1 BR M/M % Change	2 BR December	2 BR M/M % Change
Minneapolis, MN	$1,246.0	0.24%	$1,734.0	0.40%
St Paul, MN	$1,216.0	0.00%	$1,721.0	0.47%
Bloomington, MN	$1,632.0	3.03%	$1,734.0	0.35%
St Louis Park, MN	$1,356.0	-0.66%	$1,665.0	0.24%
Plymouth, MN	$1,502.0	0.13%	$1,807.0	-1.15%
Minnetonka, MN	$1,587.0	-0.38%	$1,972.0	-2.28%
Robbinsdale, MN	$1,408.0	-0.57%	$1,999.0	-1.53%
Eagan, MN	$1,399.0	0.00%	$1,608.0	0.06%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.