What is the average apartment size in University of Minnesota, Minneapolis, MN?

The average size for a University of Minnesota, Minneapolis, MN apartment is 697 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in University of Minnesota?

As of Jan / 2026, the average rent in University of Minnesota is $2,016 per month, a 1% increase from last years average of $1,996.

How much does rent cost by apartment size in University of Minnesota?

In University of Minnesota, studios rent for $1,414 per month, one-bedroom units average $1,778 per month, two-bedrooms cost around $2,205 per month, and three-bedroom apartments rent for about $3,135 per month

What is the average apartment size in University of Minnesota?

The typical apartment in University of Minnesota offers about 697 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in University of Minnesota?

Studio apartments in University of Minnesota average 388 sq. ft., one-bedrooms offer 513 sq. ft., two-bedrooms are about 859 sq. ft., and three-bedroom apartments average 1,016 sq. ft.

University of Minnesota, Minneapolis, MN Rental Market Trends

Q: What's the typical rent budget in University of Minnesota?

The typical rent budget in University of Minnesota ranges from $2,001 to $2,500 per month, with 32% of rentals in this range.

Q: Do most people rent or own in University of Minnesota?

In University of Minnesota, 87% of households rent while 13% own their homes, based on the latest U.S. Census data.

Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in University of Minnesota is $2,016, a 1% increase compared to the previous year, when the average rent was $1,996.

Studio Apartments at $1,414 offer the most budget-friendly option with 388 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 513 square feet for $1,778, balancing privacy and affordability.

Two-beedroom units at $2,205 offer 859 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,016 sq ft) for $3,135, suitable for larger households.

Average rent in University of Minnesota, Minneapolis, MN

Last updated: February 25, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,016	697 sq. ft.
Studio	$1,414	388 sq. ft.
1 Bed	$1,778	513 sq. ft.
2 Beds	$2,205	859 sq. ft.
3 Beds	$3,135	1,016 sq. ft.

University of Minnesota, Minneapolis, MN rent trends

Rental prices in University of Minnesota, Minneapolis, MN have increased by 1% over the past year. The average rent moved from $1,996 to $2,016.

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

The largest share of rentals in University of Minnesota, Minneapolis, MN (32%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in University of Minnesota, Minneapolis, MN?

1,501 or 87% of the households in University of Minnesota, Minneapolis, MN are renter-occupied while 223 or 13% are owner-occupied.

Most affordable neighborhoods in University of Minnesota?

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 University of Minnesota?

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 University of Minnesota is 52% higher than in Brooklyn Center

$2,016

University of Minnesota rent is the same as Minneapolis average

Average Rent $2,016

$1,323

Brooklyn Center rent is 34% lower than Minneapolis average

Average Rent $1,323

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 University of Minnesota 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.