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Rental prices in University of Minnesota, Minneapolis, MN have increased by 5.58% over the past year. The average rent moved from $2,969 to $3,135.
Check out the average rent in Minneapolis.
The national average price of rental apartments is $1,741, while the average monthly rent in University of Minnesota, Minneapolis, MN is $3,135.
The average monthly rent for an apartment in University of Minnesota, Minneapolis, MN is around $3,135.
A share of 13% of apartments in University of Minnesota, Minneapolis, MN have the cheapest rents between $2,001-$2,500. Around 40% of University of Minnesota's apartments have monthly rents between $2,501-$3,000. There are 47% of apartments with rents between > $3,000.
The largest share of rentals in University of Minnesota, Minneapolis, MN (47%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Renting a 3 bedroom apartment offers extra space compared to a 2 bedroom apartment, suited for a family or for sharing it with someone else.
A 3 bedroom apartment is more expensive than smaller units and it usually comes with higher utility costs.
In total, University of Minnesota, Minneapolis, MN has 8,743 residents, 4,531 women and 4,212 men, per U.S. Census recent estimates. Statistics show that the median age of University of Minnesota’s population is 22.
There is a total of 1,724 households in University of Minnesota, Minneapolis, MN. Of these, 227 have children and 1,497 are without children. Per Census Bureau’s most current estimates, 447 family households and 1,277 non-family households live in this area. The size of a household in University of Minnesota is 2 people, on average. The median household annual income in University of Minnesota equals $36,716, and the monthly housing costs equal $1,211.
According to data from the U.S. Census Bureau, 2% of the population in University of Minnesota, Minneapolis, MN have no high school education, 30% went to high-school, and 49% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 10% hold a Bachelor Degree, and 5% hold a Graduate Degree.
