Rental market snapshot for Bloomington, Minnesota

Bloomington, Minnesota Rental Property Market Overview

The average rent for an apartment in Bloomington is $2,115. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 3.4% over the past year.

Bloomington is a city in Minnesota with a population of about 85,000 people. The city is home to the Mall of America, the largest shopping mall in the United States. Bloomington is also home to the Minnesota Vikings football team.

Last Updated December 23, 2022

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Average monthly rent graph in Bloomington Minnesota | Cost of Living

  • The most expensive ZIP Code in Bloomington is 55420 with an average price of $2,134
  • The cheapest ZIP Code in Bloomington is 55438 with an average price of $1,425

Bloomington ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
155420$2,134
255431$1,845
355425$1,780
455437$1,745
555438$1,425

Live near Bloomington, Minnesota's Top Sights and Attractions

Magnet Max is an attraction in Bloomington, Minnesota that features a variety of interactive exhibits designed to educate and entertain guests of all ages. The attraction includes a variety of hands-on activities, as well as a variety of informational displays.

Hyland Lake Park Reserve is a 3,000-acre park that includes a large lake, hiking and biking trails, a playground, and a picnic area. The park is located in Bloomington, Minnesota, and is a popular destination for locals and tourists alike.

Oxboro Lake Park is a beautiful park located in Bloomington, Minnesota. The park features a large lake, walking trails, a playground, and a picnic area. The park is a great place to relax, take a walk, or have a picnic.

The Bloomington Ice Garden is an indoor ice rink that is open to the public for skating. The rink is located in the city of Bloomington, Minnesota.

SEA LIFE Minnesota Aquarium is an attraction located in Bloomington, Minnesota. The attraction features a variety of sea life, including sharks, rays, and fish. Visitors can learn about the sea life through educational exhibits and demonstrations.

Valley View Park is a large park with a river running through it. There are hiking and biking trails, a playground, and a picnic area. The park is also home to a variety of wildlife, including deer, rabbits, and birds.

The Japanese Gardens are a series of gardens located in Bloomington, Minnesota. The gardens include a variety of features such as a koi pond, a tea house, a bridge, and a waterfall. The gardens are designed to provide a tranquil and relaxing environment for visitors.

Dred Scott Park is a beautiful park located in the heart of Bloomington. The park features a large pond, walking trails, and a playground.

Bloomington, Minnesota area median rent change by ZIP Code map

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How does Bloomington compare to other cities in Minnesota ?

citymedian price
Woodbury$2,127
Cottage Grove$2,285
Elk River$1,929
Monticello$1,849
Forest Lake$1,557
Blaine$2,190
Golden Valley$1,935

Average household income in Bloomington area graph - US Census

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The median household income in Bloomington in 2021 was $78,224. This represents a 30.0% change from 2011 when the median was $60,150.

#categorypercent
0Less than $10,0003.5%
1$10,000 to $14,9992.5%
2$15,000 to $19,9993.4%
3$20,000 to $24,9992.7%
4$25,000 to $29,9993.0%
5$30,000 to $34,9993.6%
6$35,000 to $39,9993.2%
7$40,000 to $44,9994.7%
8$45,000 to $49,9994.1%
9$50,000 to $59,9996.9%
10$60,000 to $74,99910.2%
11$75,000 to $99,99913.9%
12$100,000 to $124,99911.8%
13$125,000 to $149,9997.8%
14$150,000 to $199,9999.1%
15$200,000 or more9.5%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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