Rental market snapshot for Central, Minneapolis

Central rental market summary

The rental market in Central, Minnesota is showing signs of growth. In July 2023, there were 53 new listings, a 29.4% increase from the previous month. This indicates that the rental market is becoming more competitive, as more people are looking for housing in the area. The median rent in July 2023 was $2,045, which is the same as it was in July 2022. This suggests that the rental market in Central, Minnesota is stable, with no significant changes in rent prices over the past year.

Overall, the rental market in Central, Minnesota appears to be healthy. The number of new listings is increasing, and the median rent has remained steady over the past year. This indicates that the rental market is growing and that there is a healthy demand for housing in the area. With more people looking for housing in Central, Minnesota, it is likely that the rental market will continue to grow in the future.

Median rent for all residential properties in Central

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The most expensive listings and top trending buildings in Central

Most Expensive Listings

AddressRent PriceBed / Bath
3316 Chicago Ave$3,3005 / 1.5
3315 Columbus Ave$2,4955 / 4.0
3336 5th Ave S$2,0754 / 2.0
3440 Columbus Ave$2,0454 / 1.5
3515 2nd Ave S$1,6803 / 1.0

Top Trending Buildings

building nameavg rent price
Zillow$970
Yellow Tree Property Management$945

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Bedroom Breakdown in Central

Studio
$975
MEDIAN RENT
1 Bedroom
$945
MEDIAN RENT
2 Bedroom
$1,395
MEDIAN RENT

Central neighborhood apartments rents

The rental market for studios in Central, Minnesota appears to be relatively stable, with only one new listing in September 2022. The median rent for studios in September 2022 is $975, though the median rent for August 2022 is not available. Therefore, it is not possible to determine the percent change in rent from August 2022 to September 2022. Overall, the rental market for studios in Central, Minnesota appears to be relatively stable.

The rental market for 1-bedroom apartments in Central, Minnesota is expected to remain relatively stable in September 2022, with 3 new listings entering the market. The median rent for 1-bedroom apartments is projected to decrease by 13.7%, from $1,095 in August 2022 to $945 in September 2022. This decrease in rent could be an attractive option for renters looking for a more affordable option in the area.

The rental market for 2-bedroom apartments in Central, Minnesota is relatively stable. In July 2023, there was only one new listing, and the median rent for 2-bedroom apartments decreased by 3.8% from June 2023 to July 2023, from $1,450 to $1,395. This suggests that the rental market is not experiencing any significant changes in the near future.

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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 2023-07-31, the median rent in Central is $2,045.
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