Rental market snapshot for Minneapolis, Minnesota

The average rent for an apartment in Minneapolis is $1,762. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 1.6% over the past year.

Minneapolis is the largest city in the state of Minnesota and is the county seat of Hennepin County. The city is located on both banks of the Mississippi River, just north of the confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. Known as the "Twin Cities", Minneapolis-St. Paul is the 16th-largest metropolitan area in the United States, with about 3.6 million residents. The Metropolitan Council is the Twin Cities' regional governmental body. Minneapolis lies on both banks of the Mississippi River, just north of the river's confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. The city's name is attributed to its first schoolteacher, who combined mni, a Dakota Sioux word for water, and polis, the Greek word for city. Minneapolis has a continental climate, with hot summers and cold winters. The city experiences four distinct seasons: winter, spring, summer, and fall. Minneapolis is home to four professional sports teams: the Minnesota Twins (Major League Baseball), the Minnesota Vikings (National Football League), the Minnesota Lynx (Women's National Basketball Association), and the Minnesota Wild (National Hockey League). The city is also home to the University of Minnesota, as well as several other colleges and universities.

Last Updated December 23, 2022

• The most expensive ZIP Code in Minneapolis is 55415 with an average price of $2,445
• The cheapest ZIP Code in Minneapolis is 55429 with an average price of $1,075

The Mississippi National River and Recreation Area is a 72-mile long park that follows the Mississippi River through Minneapolis. The park offers hiking, biking, and horseback riding trails, picnicking areas, and opportunities for fishing, canoeing, and kayaking. There are also several visitor centers that offer interpretive programs about the river and its history.

Mill Ruins Park is a park located in Minneapolis, Minnesota. The park is built on the ruins of the Washburn A Mill, which was destroyed in a fire in 1878. The park features a walking path, a waterfall, and a view of the Mississippi River.

Painter Park is a public park located in Minneapolis, Minnesota. The park features a playground, a basketball court, a picnic area, and a walking trail.

Longfellow Park Rink is an outdoor ice skating rink located in Minneapolis, Minnesota. The rink is open to the public from early November through late February.

Peavey Park is a large city park located in downtown Minneapolis. The park is home to a variety of amenities, including a playground, a basketball court, a picnic area, and a walking trail. Peavey Park is also a popular spot for concerts and other events.

North Commons Park is a public park located in the North Minneapolis neighborhood. The park features a playground, basketball courts, a spray pool, and a picnic shelter. The park is also home to a community garden and a farmers market.

Lake Nokomis is a beautiful lake located in Minneapolis, Minnesota. The lake is surrounded by trees and has a walking path that goes around it. There are also benches located around the lake where people can sit and enjoy the view.

Minneapolis Ghost Walks is a guided walking tour through the spooky side of Minneapolis. The tour covers haunted history, ghost stories, and visits to some of the most haunted locations in the city.

The median household income in Minneapolis in 2021 was $66,068. This represents a 39.2% change from 2011 when the median was $47,478.