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Best Places to Rent

Minnesota

Average Rent

$1,554

+2.5% YoY

Rent Comparison

-5.5% Lower

than national average

Population

5.82 Million

in 2022

The state of Minnesota is comprised of 7 metropolitan areas with a total population of 5,818,448. Explore Minnesota’s metro areas and compare key metrics.

Minneapolis Metro Area

Average Rent

$1,592

Population

3,778,910

# of Rentals

8,545

Duluth Metro Area

Average Rent

$1,672

Population

281,951

# of Rentals

172

Fargo Metro Area

Average Rent

$1,105

Population

271,920

# of Rentals

814

Rochester Metro Area

Average Rent

$1,590

Population

231,843

# of Rentals

505

St. Cloud Metro Area

Average Rent

$1,054

Population

207,734

# of Rentals

219

Mankato Metro Area

Average Rent

$1,234

Population

105,421

# of Rentals

124

Grand Forks Metro Area

Average Rent

$1,225

Population

104,250

# of Rentals

58

Average Rent is calculated by averaging the monthly rent of 1 bedroom apartments.

Other States

This information is based on data collected by CoStar Group researchers.