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University of Minnesota, Minneapolis, MN rent trends

Rental prices in University of Minnesota, Minneapolis, MN have decreased by 0.07% over the past year. The average rent moved from $1,987 to $1,986.

Average rent in University of Minnesota, Minneapolis, MN

$1,986/mo University of Minnesota, Minneapolis, MN average rental price, March 2026
Image Average Rent

The average monthly rent for an apartment in University of Minnesota, Minneapolis, MN is around $1,986.

    What's the typical rent budget in University of Minnesota, Minneapolis, MN?

    A share of 28% of apartments in University of Minnesota, Minneapolis, MN have the cheapest rents between $1,001-$1,500. Around 10% of rentals are $2,501-$3,000. Around 32% of University of Minnesota's apartments have monthly rents between $1,501-$2,000. There are 23% of apartments with rents between $2,001-$2,500. A share of 7% of apartment rentals in Minneapolis are in the > $3,000 range.

    The largest share of rentals in University of Minnesota, Minneapolis, MN (32%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in University of Minnesota, MN

    81 /100
    Very Walkable
    68 /100
    Good Transit
    90 /100
    Biker's Paradise
    Walk Score®: 81, Transit Score®: 68, Bike Score®: 90

    Frequently asked questions

    What are the advantages of renting a luxury apartment in University of Minnesota, Minneapolis, MN?

    Renting a luxury apartment in University of Minnesota, Minneapolis, MN comes with many amenities, more space and central locations.

    What are the downsides of renting a luxury apartment in University of Minnesota, Minneapolis, MN?

    Luxury apartments tend to be more expensive and have higher utility bills.

    University of Minnesota, Minneapolis, MN demographics

    • 9,015Total Population
    • 4,724 Female
      4,291 Male
    • 22.8Median Age

    In total, University of Minnesota, Minneapolis, MN has 9,015 residents, 4,724 women and 4,291 men, per U.S. Census recent estimates. Statistics show that the median age of University of Minnesota’s population is 22.8.

    University of Minnesota, Minneapolis, MN households

    • 485 Family
      1,354 Non-family
    • 258 Children
      1,581 No Children
    • 1,839Total Number of Households
    • 2.08Average People Per Household
    • $37,533Median Household Income

    There is a total of 1,839 households in University of Minnesota, Minneapolis, MN. Of these, 258 have children and 1,581 are without children. Per Census Bureau’s most current estimates, 485 family households and 1,354 non-family households live in this area. The size of a household in University of Minnesota is 2.08 people, on average. The median household annual income in University of Minnesota equals $37,533, and the monthly housing costs equal $1,234.

    University of Minnesota, Minneapolis, MN education statistics

    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 48% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 11% hold a Bachelor Degree, and 5% hold a Graduate Degree.