Plymouth, MN Rental Market Trends
Last updated: April 09, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Plymouth is $1,694, a 3.07% increase compared to the previous year, when the average rent was $1,643.
Studio Apartments at $1,210 offer the most budget-friendly option with 540 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 800 square feet for $1,485, balancing privacy and affordability.
Two-beedroom units at $1,801 offer 1,112 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,341 sq ft) for $2,360, suitable for larger households.
Average rent in Plymouth, MN
Last updated: April 09, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,694 | 990 sq. ft. |
| Studio | $1,210 | 540 sq. ft. |
| 1 Bed | $1,485 | 800 sq. ft. |
| 2 Beds | $1,801 | 1,112 sq. ft. |
| 3 Beds | $2,360 | 1,341 sq. ft. |
Plymouth, MN rent trends
Rental prices in Plymouth, MN have increased by 3.07% over the past year. The average rent moved from $1,643 to $1,694.
What's the typical rent budget in Plymouth, MN?
The largest share of rentals in Plymouth, MN (52%) 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 Plymouth, MN?
8,218 or 25% of the households in Plymouth, MN are renter-occupied while 24,207 or 75% are owner-occupied.
Most affordable neighborhoods in Plymouth?
Excelsior $1,271/month
New Hope $1,371/month
Osseo $1,449/month
All of these neighborhoods fall below the city wide average of $1,694/month.Most expensive neighborhoods in Plymouth?
Champlin $1,898/month
Maple Grove $2,169/month
Wayzata $2,379/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Plymouth, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Wayzata | $2,379 |
| Maple Grove | $2,169 |
| Champlin | $1,898 |
| Rogers | $1,832 |
| Spring Park | $1,696 |
| Osseo | $1,449 |
| New Hope | $1,371 |
| Excelsior | $1,271 |
/
Plymouth | Rent Comparison by Neighborhood
Rent in Champlin is 49% higher than in Excelsior
$1,898
Champlin rent is 12% higher than Plymouth average
Average Rent
$1,898
$1,271
Excelsior rent is 25% lower than Plymouth average
Average Rent
$1,271
How Plymouth Compares to Other Cities
| City | Average Rent |
|---|---|
| Plymouth | $1,694 |
| Minneapolis | $1,689 |
| St. Paul | $1,528 |
| Moorhead | $1,078 |
| Rochester | $1,648 |
| St. Louis Park | $1,767 |
| Bloomington | $1,673 |
| Edina | $1,839 |
| St. Cloud | $1,182 |
| Minnetonka | $2,001 |
| Burnsville | $1,551 |
| Eden Prairie | $1,731 |
| Coon Rapids | $1,518 |
| Hopkins, MN | $1,588 |
| Brooklyn Park | $1,352 |
| Maple Grove, MN | $2,169 |
| Anoka | $1,378 |
| Chaska, MN | $1,748 |
| Golden Valley | $1,864 |
| Brooklyn Center, MN | $1,337 |
| Fridley, MN | $1,453 |
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 Plymouth 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.