Hiawatha, Minneapolis, MN Rental Market Trends
Last updated: February 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Hiawatha is $1,703, a 1.33% increase compared to the previous year, when the average rent was $1,681.
Studio Apartments at $1,284 offer the most budget-friendly option with 548 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 714 square feet for $1,572, balancing privacy and affordability.
Two-beedroom units at $2,321 offer 1,138 square feet, perfect for roommates or small families.
Average rent in Hiawatha, Minneapolis, MN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,703 | 788 sq. ft. |
| Studio | $1,284 | 548 sq. ft. |
| 1 Bed | $1,572 | 714 sq. ft. |
| 2 Beds | $2,321 | 1,138 sq. ft. |
| 3 Beds | n/a | n/a |
Hiawatha, Minneapolis, MN rent trends
Rental prices in Hiawatha, Minneapolis, MN have increased by 1.33% over the past year. The average rent moved from $1,681 to $1,703.
What's the typical rent budget in Hiawatha, Minneapolis, MN?
The largest share of rentals in Hiawatha, Minneapolis, MN (49%) 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 Hiawatha, Minneapolis, MN?
1,008 or 30% of the households in Hiawatha, Minneapolis, MN are renter-occupied while 2,369 or 70% are owner-occupied.
Most affordable neighborhoods in Hiawatha?
Wenoah $969/month
Stevens Square - Loring Heights $1,104/month
Ventura Village $1,137/month
All of these neighborhoods fall below the city wide average of $1,687/month.Most expensive neighborhoods in Hiawatha?
Nicollet Island - East Bank $2,111/month
St. Anthony West $2,183/month
Cedar - Isles - Dean $2,519/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Minneapolis, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Cedar - Isles - Dean | $2,519 |
| St. Anthony West | $2,183 |
| Nicollet Island - East Bank | $2,111 |
| Dinkytown | $2,104 |
| North Loop | $2,090 |
| University of Minnesota | $2,016 |
| Downtown Minneapolis | $1,990 |
| Marcy Holmes | $1,977 |
| Prospect Park East River Road | $1,877 |
| Ericsson | $1,845 |
| Sheridan | $1,754 |
| Bryn - Mawr | $1,715 |
| Uptown Minneapolis | $1,713 |
| Hiawatha | $1,703 |
| Near North Minneapolis | $1,670 |
| King Field | $1,664 |
| Standish | $1,658 |
| Midtown Phillips | $1,617 |
| Marshall Terrace | $1,614 |
| St. Anthony | $1,595 |
| West Calhoun | $1,587 |
| Robbinsdale | $1,537 |
| Harrison | $1,497 |
| Holland | $1,492 |
| Loring Park | $1,452 |
| Cedar Riverside | $1,426 |
| Richfield | $1,412 |
| Windom | $1,410 |
| Lowry Hill | $1,357 |
| Corcoran | $1,351 |
| Howe | $1,345 |
| Phillips West | $1,340 |
| Linden Hills | $1,328 |
| Brooklyn Center | $1,323 |
| Windom Park | $1,314 |
| Whittier | $1,294 |
| Seward | $1,292 |
| Longfellow | $1,284 |
| CARAG | $1,193 |
| Tangletown | $1,145 |
| Ventura Village | $1,137 |
| Stevens Square - Loring Heights | $1,104 |
| Wenoah | $969 |
Minneapolis | Rent Comparison by Neighborhood
Rent in Hiawatha is 29% higher than in Brooklyn Center
Hiawatha rent is the same as Minneapolis average
Brooklyn Center rent is 22% lower than Minneapolis average
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 Hiawatha 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.