GITNUX MARKETDATA REPORT 2024
Statistics About The Average Rent In Minneapolis
The average rent in Minneapolis is $1,630 per month.
In this post, we will explore the average rent landscape in Minneapolis based on a range of statistics. From the varying costs of one-bedroom apartments in different neighborhoods to the impacts of rent control policies and demographic disparities, we will delve into the numbers that shape the rental market in the Twin Cities. Stay tuned to gain a comprehensive understanding of the average rent trends and dynamics in Minneapolis.
Statistic 1
"Uptown Minneapolis averages $1,450 for one-bedroom apartments."
Statistic 2
"The average rent for a two-bedroom apartment in Minneapolis is $1,600 per month."
Statistic 3
"Minneapolis has implemented rent control policies that cap annual rent increases at 3%."
Statistic 4
"Rent for three-bedroom apartments in Minneapolis averages $2,100 per month."
Statistic 5
"The average rent for a luxury apartment in Minneapolis is over $2,000."
Statistic 6
"Studio apartments in Minneapolis have an average rent of $1,050 per month."
Statistic 7
"Downtown Minneapolis rents average around $1,700 for a one-bedroom apartment."
Statistic 8
"Rent in the Minneapolis-St. Paul metro area has increased by 10% over the past five years."
Statistic 9
"The average rent in Minneapolis is higher than the national average."
Statistic 10
"The University of Minnesota area has an average rent of $1,150 for one-bedroom apartments."
Statistic 11
"From January 2022 to January 2023, average rent in Minneapolis increased by approximately $50."
Statistic 12
"Minneapolis renters spend on average 30% of their income on rent."
Statistic 13
"In the Northeast Minneapolis neighborhood, the average rent for a one-bedroom apartment is approximately $1,200."
Statistic 14
"The average rent for single-family homes in Minneapolis is $2,300 per month."
Statistic 15
"Minneapolis has experienced a 3% year-over-year increase in average rent prices."
Statistic 16
"The vacancy rate for apartments in Minneapolis is around 5%."
Statistic 17
"The most expensive neighborhoods for rental properties in Minneapolis include North Loop and Downtown East."
Statistic 18
"Hispanic and Black renters in Minneapolis are more likely to spend over 50% of their income on rent compared to white renters."
Statistic 19
"As of September 2023, the average rent for a one-bedroom apartment in Minneapolis is $1,300 per month."
Statistic 20
"The average cost of a one-bedroom apartment in Minneapolis decreased during the COVID-19 pandemic but has since rebounded."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
