Moment
650 Portland Ave S,
Minneapolis, MN 55415
$1,407 - $5,138 | Studio - 2 Beds
Known for its towering office buildings and vibrant cultural scene, Downtown is one of the most successfully revitalized areas in Minneapolis. With its central urban location, Downtown draws an intriguing mix of residents looking to live in the middle of the action.
Driving through Downtown, you might be surprised at the lack of people on the streets, but don't be fooled -- the buildings link together by a unique system of skyways that enable residents to walk comfortably, even during the legendary Minneapolis winters. During the warmer months, residents of Downtown enjoy living within walking distance of entertainment centers such as Target Field and the Nicollet Mall. Bordered by the historic Mill District, Downtown East, North Loop and the Mississippi River, the neighborhood offers quick access to the city's most lively neighborhoods.
As of April 2025, the average apartment rent in Downtown Minneapolis is $1,153 for a studio, $1,593 for one bedroom, $2,474 for two bedrooms, and $4,413 for three bedrooms. Apartment rent in Downtown Minneapolis has decreased by -0.7% in the past year.
Studio
462 sq ft
Average Sq Ft
$1,153/month
Average Rent
1 BR
695 sq ft
Average Sq Ft
$1,593/month
Average Rent
2 BR
1,116 sq ft
Average Sq Ft
$2,474/month
Average Rent
3 BR
1,734 sq ft
Average Sq Ft
$4,413/month
Average Rent
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.