Paragon Apartments
10670 Brunswick Rd,
Bloomington, MN 55438
1-2 Beds | $1,137 - $1,745
Rental Market Trends in Bloomington, MN
What is the average rent in Bloomington, MN?
$1,358/month
Average Rent
750 Sq Ft
Average Apartment Size
+0.4%
Increase in the Last Year
As of December 2024, the average rent in Bloomington, MN is $1,358 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Bloomington rent prices are 13% lower than the national average. When you rent an apartment in Bloomington, you can expect to pay about $1,239 per month for a studio, $1,358 for a one-bedroom apartment, and around $1,666 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,282 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Bloomington, MN?
In the past year, rent has increased by 0.4%, which averages out to $6 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Bloomington, MN
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
11%
$700 - $1,000/month
65%
$1,001 - $1,500/month
21%
$1,501 - $2,000/month
3%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Bloomington?
Based on current rent prices, East Bloomington, Bloomington West and Normandale Lake are the most affordable neighborhoods in Bloomington.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Bloomington?
Based on current rent prices, South Loop, Normandale Lake and Bloomington West are the most expensive neighborhoods in Bloomington.
Neighborhood
Average Rent
Average Sq Ft
Which Bloomington neighborhoods have the most rentals available?
The neighborhoods in Bloomington with the most apartments available are Bloomington West, South Loop and East Bloomington .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Bloomington, MN?
Because the average rent in Bloomington is $1,358, you’ll want to make about $4,526 per month or $54,312 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Bloomington, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Bloomington, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$985/month
$1,395/month
One Bedroom
$1,166/month
$1,605/month
Two Bedroom
$1,388/month
$1,957/month
Three Bedroom
$1,904/month
$3,044/month
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.