Rental market snapshot for Bloomington, Minnesota

Bloomington, Minnesota Rental Property Market Overview

Bloomington, Minnesota is a vibrant city located in the Twin Cities metropolitan area. With a population of 89,298 as of 2021 according to the US Census, Bloomington is the fifth largest city in Minnesota. It is home to the Mall of America, the largest shopping mall in the United States, as well as many other attractions such as the Minnesota Valley National Wildlife Refuge and the Minnesota Zoo. Bloomington is a great place to live, work, and play, offering a variety of activities and amenities for its residents.

The average rent for an apartment in Bloomington is $1,815. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Bloomington Minnesota | Cost of Living

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  • The most expensive ZIP code in Bloomington is 55420 with an average price of $2,077.
  • The cheapest ZIP code in Bloomington is 55438 with an average price of $1,553.

Bloomington ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
155420$2,077
255431$2,061
355425$1,894
455437$1,847
555438$1,553

Live near Bloomington, Minnesota's Top Sights and Attractions

Magnet Max is an interactive, educational attraction located in Bloomington, Minnesota. It features a variety of hands-on activities, including a giant magnet wall, a magnetic sculpture garden, and a variety of interactive exhibits. Visitors can explore the science of magnetism and learn about the properties of magnets, as well as how they interact with other materials. The attraction also features a variety of educational activities, such as scavenger hunts, puzzles, and games.

Hyland Lake Park Reserve is a sprawling outdoor recreation area located in the suburbs of a major metropolitan area. It features a variety of activities, including hiking, biking, fishing, swimming, and camping. The park is home to a variety of wildlife, including deer, foxes, and birds. There are also several lakes and ponds, as well as a variety of trails and picnic areas. The park is also home to a ski area, which offers skiing and snowboarding in the winter months.

Oxboro Lake Park is a beautiful outdoor destination located in the heart of Minnesota. It features a large lake surrounded by lush green grass, trees, and shrubs. Visitors can enjoy a variety of activities such as fishing, swimming, boating, and picnicking. There are also several walking and biking trails, a playground, and a disc golf course. The park also hosts a variety of events throughout the year, including concerts, festivals, and outdoor movies.

Bloomington Ice Garden is an indoor ice arena that offers a variety of activities for all ages. It features two NHL-sized ice rinks, a pro shop, a snack bar, and a full-service restaurant. The facility is home to a variety of hockey leagues, figure skating classes, and public skating sessions. The arena also hosts special events such as birthday parties, corporate events, and tournaments. The facility is well-maintained and offers a safe and enjoyable experience for all visitors.

SEA LIFE Minnesota Aquarium is an interactive underwater adventure featuring over 10,000 sea creatures from the world's oceans. Guests can explore the depths of the ocean and discover the amazing creatures that live there. The aquarium features a variety of interactive exhibits, including a touch pool, a 360-degree ocean tunnel, and a giant ocean tank. Visitors can also take part in educational activities, such as feeding the fish and learning about ocean conservation.

Valley View Park is a scenic park located in the rolling hills of the Minnesota River Valley. It features a variety of outdoor activities, including hiking trails, a playground, picnic areas, and a disc golf course. The park also offers stunning views of the Minnesota River Valley, making it a great spot for a picnic or a leisurely stroll.

Japanese Gardens is a tranquil and serene attraction located in a park setting. It features a variety of traditional Japanese elements, including a koi pond, a tea house, a bonsai garden, a Zen garden, and a variety of plants and trees. Visitors can take a leisurely stroll along the winding paths, take in the peaceful atmosphere, and enjoy the beauty of the gardens.

Dred Scott Park is a beautiful outdoor space located in Bloomington, Minnesota. It features a large pond, walking trails, and plenty of open grassy areas for picnicking and playing. There is also a playground, a gazebo, and a memorial to Dred Scott, a former slave who sued for his freedom in the 1800s. The park is a great place to relax and enjoy the outdoors, and it is a popular spot for family gatherings, outdoor concerts, and other events.

SEA LIFE at Mall of America is an interactive aquarium experience featuring over 10,000 sea creatures. Visitors can explore the depths of the ocean and discover the fascinating world of sea life, from sharks and rays to seahorses and jellyfish. The aquarium also features interactive touch pools, educational talks, and a 360-degree ocean tunnel. Guests can also take part in a variety of activities, such as feeding the fish and learning about conservation efforts.

Bloomington Summer Fete is an annual outdoor festival that takes place in the summertime. It features a variety of activities and entertainment for all ages, including live music, carnival rides, food vendors, a beer garden, and a fireworks display. There are also plenty of activities for kids, such as face painting, inflatables, and a petting zoo. The festival is a great way to spend a summer day with family and friends.

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
Albertville$2,516
Mounds View$2,249
Shakopee$1,895
Coon Rapids$1,775
Brooklyn Center$1,765
Worthington$865
Moorhead$795
Crookston$770

Average household income in Bloomington area graph - US Census

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The median household income in Bloomington in 2021 was $80,582. This represents a 34.4% change from 2011 when the median was $59,969.

#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%

Neighborhoods in Bloomington

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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.

As of February , the average rent in Bloomington is $1,815.
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