Minneapolis Rents Flat in 2022

According to recent data released by Apartment List, in 2022, Minneapolis rents increased by a total of .4%.

In the state of Minnesota, rents grew an average of 3% . Nationally, they grew 4%.

The median rent for a 1 bedroom apartment in Minneapolis is $964. A two-bedroom is $1246. The median rent nationally for a 1 bedroom is $1153, and $1321 for a two-bedroom.

In other words, the median rent in Minneapolis is 20.4% below the national median. To put it in perspective, Lubbock, TX has a median rent of $1074. And Lincoln, NE $1059.

Of the top 100 expensive large cities in the United States, Minneapolis ranks #89.

Makes you wonder why we’re having a conversation about rent control, doesn’t it?

For a copy of the Minneapolis Report click HERE.