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Best Places to Rent

Minnesota

Average Rent

$1,555

+2.2% YoY

Rent Comparison

-6.5% Lower

than national average

Population

5.82 Million

in 2022

The state of Minnesota is comprised of 8 metropolitan areas with a total population of 5,818,448. Explore Minnesota’s metro areas and compare key metrics.

Minneapolis Metro Area

Average Rent

$1,595

Population

3,778,910

# of Rentals

8,240

Duluth Metro Area

Average Rent

$1,648

Population

281,951

# of Rentals

206

Fargo Metro Area

Average Rent

$1,127

Population

271,920

# of Rentals

778

Rochester Metro Area

Average Rent

$1,608

Population

231,843

# of Rentals

421

St. Cloud Metro Area

Average Rent

$1,067

Population

207,734

# of Rentals

217

La Crosse-Onalaska Metro Area

Average Rent

$1,206

Population

171,083

# of Rentals

118

Mankato Metro Area

Average Rent

$1,250

Population

105,421

# of Rentals

126

Grand Forks Metro Area

Average Rent

$1,254

Population

104,250

# of Rentals

54

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.