Minnesota Rent Prices 2026: Average $1,709/mo
Find fair market rent prices for 1 major metro area in Minnesota. The average 2-bedroom rent across the state is $1,709/mo.
Major Cities in Minnesota
Sorted by 2-bedroom rent price (highest to lowest)
Cheapest Cities in Minnesota
Find the most affordable cities to rent in Minnesota. Starting from $1,709/mo.
Most Expensive Minnesota Cities
See the priciest rental markets in Minnesota. Up to $1,709/mo.
Minnesota Rent Trends
Analyze rent trends and market outlook for Minnesota.
Explore Minnesota Rent Data
Browse detailed rent prices for cities across Minnesota. Each city page includes neighborhood breakdowns, rent trends, and local market insights.
Can You Afford to Rent in Minnesota?
See the income needed to comfortably afford rent in Minnesota cities based on the 30% rule.
View All Affordability Guides →Rent vs. Buy in Minnesota Cities
Compare the cost of renting vs. buying a home in major Minnesota metro areas.
View All Rent vs. Buy Guides →Minnesota City Rent Comparison
Average 2-bedroom rent by city
Market Conditions Gauge
Minnesota rental market analysis
Supply matches demand, stable conditions for renters
What This Means for Renters
- *Take time to compare options without rushing
- *Negotiate move-in specials or minor rent reductions
- *Stable market conditions favor fair dealings
Market conditions are calculated from supply/demand balance, price trends, and affordability metrics. Conditions can vary by neighborhood.
Top Cities in Minnesota
Rent prices by metropolitan area
Click on a state to see details. Color indicates rent level relative to national range.
Minnesota Rental Market Overview
The fair market rent (FMR) data for Minnesota is published annually by the U.S. Department of Housing and Urban Development (HUD). These figures represent the 40th percentile of gross rents for standard quality rental housing in each metro area.
Minnesota has 1 major metropolitan area tracked in our database. The most expensive city for renters is Minneapolis, MN with an average 2-bedroom rent of $1,709/mo.
What Affects Rent Prices in Minnesota?
- Location: Proximity to employment centers and urban amenities significantly impacts rent prices across Minnesota metros.
- Local Economy: Job growth and industry presence drive rental demand. Strong employment markets typically have higher rents.
- Housing Supply: Areas with new construction tend to have more rental options and potentially competitive pricing.
- Schools: Quality school districts command premium rents, especially for family-sized apartments.
- Transportation: Access to highways and public transit affects neighborhood desirability and pricing.
Frequently Asked Questions About Minnesota Rent
What is the average rent in Minnesota?
The average rent in Minnesota is $1,709 per month for a 2-bedroom apartment based on 2026 HUD Fair Market Rent data. Prices range from $1,709 in Minneapolis to $1,709 in Minneapolis.
What is the cheapest city to rent in Minnesota?
Minneapolis, MN offers the most affordable rent among major Minnesota metros at $1,709/month for a 2-bedroom apartment. Studios in Minneapolis average $1,242/month.
What is the most expensive city to rent in Minnesota?
Minneapolis, MN has the highest rents in Minnesota at $1,709/month for a 2-bedroom apartment. This is $0 above the state average.
How much do I need to earn to rent in Minnesota?
To comfortably afford the average Minnesota 2-bedroom at $1,709/month, you would need an annual income of approximately $68,360 (based on the 30% of income guideline). For the most affordable areas, you would need about $68,360/year.
Is Minnesota affordable for renters?
Minnesota offers moderate rental costs, with average 2-bedroom rents at $1,709/month. Some cities offer excellent value while others command premium prices.
Helpful Resources for Minnesota Renters
Moving to Minnesota? These comprehensive resources help you understand your rights, find assistance programs, and navigate the rental process.