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Rustic Lodge
(952) 592-2268
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Chamberlain @ Eastedge
(612) 255-1436
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Woodhaven
(612) 324-2184
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Riley Apartments
(612) 509-5343
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7101 Bloomington Ave
(612) 509-9227
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Sander Drive Apartments
(651) 314-1234
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Apartments in Diamond Lake Minneapolis

1 of 7 Results
17
$1,065
Richfield Square Apartments
Deal
4.8
6237 Pleasant Ave. Richfield, MN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Windom
15
$1,610
Rustic Lodge
4815 Nicollet Ave Minneapolis, MN
2 BR | Aug. 1, 2023
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
34
3D Tour
$1,165 - 2,193
Chamberlain @ Eastedge
E 66Th St Richfield, MN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
23
3D Tour
$990 - 1,160
Woodhaven
6045 Lyndale Avenue Minneapolis, MN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
14
$1,145 - 1,525
Riley Apartments
600 W 64Th St Richfield, MN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Storage
17
$2,100
7101 Bloomington Ave
Richfield, MN
3 BR | Jul. 10, 2023
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House
$975
Sander Drive Apartments
Deal
5740 Sander Drive Minneapolis, MN
1 BR | Available Now
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Cat Friendly
1 - 7 of 7 Results
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How much does it cost to rent an apartment in Minneapolis?

Minneapolis Apartments
Bed Type Average Rent Range
Studio $1,100 $750 - $1,720
1BR $1,260 $900 - $1,900
2BR $1,690 $1,150 - $3,000
3BR $1,950 $1,300 - $3,180
4+BR $2,710 $1,810 - $6,500
Frequently Asked Questions

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

Rentable.co has over 44,319 apartments available in Minneapolis.

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

The average rent for a studio apartment in Minneapolis is around $1,100 per month.

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

The average rent for a one-bedroom apartment in Minneapolis is around $1,260 per month.

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

The average rent for a two-bedroom apartment in Minneapolis is around $1,690 per month.

How expensive is living in Minneapolis, MN?

Based on average rent prices in Minneapolis, to afford a studio apartment you would need an annual salary of $44,000 to live comfortably.

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Minneapolis:
June Rent Report

Welcome to the June 2023 Minneapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2023 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

Minneapolis Rent Prices Decrease From May to June

Minneapolis rent prices decreased over the last month. From May to June, the city experienced a 0.0% decrease 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 May to June, Minneapolis experienced a -0.59% decrease for the price of a two-bedroom apartment. The rent price for a Minneapolis two-bedroom apartments currently stands at $1,688.0.

June Prices: Minneapolis vs. Surrounding Areas

Rent Prices in Minneapolis and Surrounding Areas

Rent prices have decreased 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 3 of the Minneapolis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Bloomington, MN, Brooklyn Park, MN, Plymouth, MN .

  • Rent decreased in St Paul, MN, St Louis Park, MN, Robbinsdale, MN, Minnetonka, MN.

  • 5 suburbs are currently priced higher than the city of Minneapolis.

  • 2 suburbs are currently priced lower than the city of Minneapolis.

June 2023 Pricing Trends: Minneapolis vs. National Comparisons

Minneapolis Rent Prices More Affordable Than Major Cities

Rent growth in Minneapolis over the past year has been declining. 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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Minneapolis, MN $1,255.0 0.16% $1,698.0 -0.18%
St Paul, MN $1,191.0 0.00% $1,484.0 0.68%
St Louis Park, MN $1,342.0 -0.89% $1,562.0 0.00%
Bloomington, MN $1,451.0 0.90% $1,650.0 0.18%
Brooklyn Park, MN $1,068.0 0.95% $1,394.0 -1.83%
Plymouth, MN $1,331.0 2.70% $1,734.0 0.70%
Robbinsdale, MN $1,383.0 0.00% $2,028.0 4.64%
Minnetonka, MN $1,510.0 -1.24% $1,893.0 1.34%

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.