Rental market snapshot for Lyndale, Minneapolis
Lyndale rental market summary
The rental market in Lyndale, Minnesota is showing signs of growth. In July 2023, there were 163 new listings, a significant increase from the previous month. The median rent also increased by 30.8% from June to July, reaching $1,275. This is a 10.9% increase from the median rent in July 2022. These figures indicate that the rental market in Lyndale is becoming increasingly competitive, with more people looking to rent and landlords raising their prices.
The increased demand for rental properties in Lyndale is likely due to the city's growing population and its proximity to Minneapolis. With more people looking for housing in the area, landlords are able to charge higher prices for their properties. This trend is likely to continue in the coming months, as more people move to the area and the demand for rental properties continues to increase.
Median rent for all residential properties in Lyndale
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The most expensive listings and top trending buildings in Lyndale
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 3514 Grand Ave S | $2,800 | 4 / 3.5 |
| 3212 Pillsbury Ave S | $2,750 | 5 / 2.0 |
| 520 31st St W | $2,250 | 3 / 1.5 |
| 3431 Pleasant Ave | $2,200 | 3 / 2.0 |
| 3306 Blaisdell Ave | $2,000 | 3 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Halverson and Blaiser Group LTD | $1,095 |
| KRC Apartments | $966 |
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Bedroom Breakdown in Lyndale
Lyndale neighborhood apartments rents
The rental market for studios in Lyndale, Minnesota is showing signs of improvement. In July 2023, there were 4 new studio listings, and the median rent decreased by 5.7% from $875 in June 2023 to $825 in July 2023. This suggests that the rental market is becoming more competitive, and renters may be able to find better deals on studios in the area.
The rental market for 1-bedroom apartments in Lyndale, Minnesota is showing a slight increase in July 2023. There were 6 new 1-bedroom listings in July, and the median rent for 1-bedroom apartments increased by .8% from June to July, from $960 to $968. This indicates that the rental market is slowly improving, and that there is a steady demand for 1-bedroom apartments in the area.
The rental market for 2-bedroom apartments in Lyndale, Minnesota appears to be relatively stable, with only one new listing in July 2023 and a median rent of $1,600. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, it appears that the rental market for 2-bedroom apartments in Lyndale is relatively stable.