Rental Market Trends in Minnesota
$1,317/month
Average Rent
+1.7%
Increase in the Last Year
+$22
Average Price Increase
Ranked 22nd
Least Expensive Rent by State
33,364
Available Rentals
Walnut Grove, MN
City with the Lowest Rent
What is the average rent in Minnesota?
As of May 2025, the average rent in Minnesota is $1,317/month. When you rent an apartment in Minnesota, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $1,115 per month for a studio, $1,317 for a one-bedroom apartment, and around $1,624 for a two-bedroom apartment in Minnesota. If you opt for a three-bedroom rental, you could pay $2,013 or more.
Rent by City
What are the most affordable cities in Minnesota?
Based on current rent prices, the cheapest cities in Minnesota to live are Walnut Grove, Stewart and Raymond.
What are the most expensive cities in Minnesota?
Based on current rent prices, the most expensive cities in Minnesota to live are Taylors Falls, Lilydale and Tonka Bay.
Nearby State Markets
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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.
State graphics provided by ProPublica
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