Bloomington, MN Rental Market Trends
Last updated: February 17, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Bloomington is $1,676, a 3.25% increase compared to the previous year, when the average rent was $1,623.
Studio Apartments at $1,271 offer the most budget-friendly option with 541 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 759 square feet for $1,520, balancing privacy and affordability.
Two-beedroom units at $1,866 offer 1,083 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,314 sq ft) for $2,280, suitable for larger households.
Average rent in Bloomington, MN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,676 | 900 sq. ft. |
| Studio | $1,271 | 541 sq. ft. |
| 1 Bed | $1,520 | 759 sq. ft. |
| 2 Beds | $1,866 | 1,083 sq. ft. |
| 3 Beds | $2,280 | 1,314 sq. ft. |
Bloomington, MN rent trends
Rental prices in Bloomington, MN have increased by 3.25% over the past year. The average rent moved from $1,623 to $1,676.
What's the typical rent budget in Bloomington, MN?
The largest share of rentals in Bloomington, MN (46%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Bloomington, MN?
12,750 or 34% of the households in Bloomington, MN are renter-occupied while 24,974 or 66% are owner-occupied.
Most affordable neighborhoods in Bloomington?
Excelsior $1,292/month
Brooklyn Center $1,323/month
New Hope $1,331/month
All of these neighborhoods fall below the city wide average of $1,676/month.Most expensive neighborhoods in Bloomington?
Minnetonka $1,953/month
Maple Grove $2,173/month
Wayzata $2,353/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Bloomington, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Wayzata | $2,353 |
| Maple Grove | $2,173 |
| Minnetonka | $1,953 |
| Champlin | $1,933 |
| Golden Valley | $1,863 |
| Edina | $1,849 |
| Rogers | $1,839 |
| St. Louis Park | $1,776 |
| Spring Park | $1,761 |
| Eden Prairie | $1,755 |
| Plymouth | $1,700 |
| Minneapolis | $1,687 |
| Hopkins | $1,598 |
| St. Anthony | $1,595 |
| Robbinsdale | $1,537 |
| Osseo | $1,505 |
| Richfield | $1,412 |
| Crystal | $1,381 |
| Brooklyn Park | $1,335 |
| New Hope | $1,331 |
| Brooklyn Center | $1,323 |
| Excelsior | $1,292 |
Bloomington | Rent Comparison by Neighborhood
Rent in Brooklyn Center is 1% lower than in Brooklyn Park
Brooklyn Center rent is 21% lower than Bloomington average
Brooklyn Park rent is 20% lower than Bloomington average
How Bloomington Compares to Other Cities
| City | Average Rent |
|---|---|
| Bloomington | $1,676 |
| Minneapolis | $1,687 |
| St. Paul | $1,515 |
| Moorhead | $1,081 |
| Rochester | $1,642 |
| St. Louis Park | $1,776 |
| Edina | $1,849 |
| St. Cloud | $1,163 |
| Minnetonka | $1,953 |
| Burnsville | $1,576 |
| Eden Prairie | $1,755 |
| Plymouth, MN | $1,700 |
| Eagan | $1,718 |
| Hopkins, MN | $1,598 |
| Maplewood | $1,447 |
| West St. Paul | $1,338 |
| Chaska, MN | $1,729 |
| Golden Valley | $1,863 |
| Lakeville, MN | $1,856 |
| Brooklyn Center, MN | $1,323 |
| Fridley, MN | $1,431 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Bloomington apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.