Boasting an eclectic local culture that combines the best elements of Midwestern personality and metropolitan sophistication, Minneapolis has built a solid reputation as one of the most interesting and exciting cities in the region, and indeed the entire nation. A vibrant urban center in the land of 10,000 lakes, Minneapolis enjoys well-earned attention for its stress-free atmosphere, great bicycling trails, and culturally diverse population. The city’s robust economy has deep roots, with numerous major companies having operated corporate headquarters in the city for decades (in some cases a century or more). In spite of being a major economic hub, the city is full of surprisingly affordable apartments, condos, and rental homes.
If you live in Downtown, getting around in winter is never a problem thanks to the skyway system. Connecting on the second floors of all major downtown office and apartment buildings, the skyway system is an innovative hallway network allowing you to walk for miles without ever going outside.
The arts scene in Minneapolis is top-notch and wide-ranging. One of the city’s claims to fame is that it has more theater seats per capita than any city outside of New York, and the performing arts community in particular is as active and diverse as they come. Legendary venues like the Guthrie Theater and the First Avenue Nightclub are only the tip of the iceberg when it comes to live music, and the city’s colossal network of museums (including landmarks like the Walker Art Center and Minneapolis Institute of Art) is among the best in the United States.
Located on the east bank of the Mississippi River, the University of Minnesota has one of the biggest college campuses in the world, and it is surrounded by modern apartments and old mansions – many of which were previously owned by famous Minnesota families like the Pillsbury's – that have been turned into student housing.
The historic Cathedral of Saint Paul was built in 1915
The Spoonbridge and Cherry at the Minneapolis Sculpture Garden
Minneapolis skyline at night
The Weisman Art Museum at the University of Minnesota
As of March 2025, the average apartment rent in Minneapolis, MN is $1,093 for a studio, $1,364 for one bedroom, $2,014 for two bedrooms, and $2,345 for three bedrooms. Apartment rent in Minneapolis has decreased by 0.0% in the past year.
The cost of living in Minneapolis, MN is 6.2% lower than the national average. Generally, housing in Minneapolis is 14.7% less expensive than the national average, with rent falling between $1,093 - $2,345. You can expect to pay 0.3% more for groceries, 4.4% less for utilities, and 3.3% less for transportation.
Renting on a budget in Minneapolis? Explore the most affordable neighborhoods in the city with this comprehensive guide.
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Public
Grades K-5
468 Students
Public
Grades K-5
315 Students
Public
Grades PK-5
274 Students
Public
Grades K-5
371 Students
Public
Grades K-5
365 Students
Public
Grades 6-8
763 Students
Public
Grades 6-8
925 Students
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Grades 6-8
738 Students
Public
Grades PK-8
651 Students
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Grades PK-8
602 Students
Public
Grades 9-12
1,582 Students
Public
Grades 9-12
1,484 Students
Public
Grades 9-12
1 Students
Public
Grades 9-12
1,466 Students
Public
Grades 9-12
1,044 Students
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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.
