city image

Best Places to Rent

Minnesota

Average Rent

$1,488

+2.5% YoY

Rent Comparison

-8.4% Lower

than national average

Population

5.74 Million

in 2022

The state of Minnesota is comprised of 9 metropolitan areas with a total population of 5,744,300. Explore Minnesota’s metro areas and compare key metrics.

Minneapolis Metro Area

Average Rent

$1,518

Population

3,715,144

# of Rentals

8,460

Sioux Falls Metro Area

Average Rent

$1,055

Population

308,141

# of Rentals

979

Duluth Metro Area

Average Rent

$1,641

Population

280,340

# of Rentals

192

Fargo Metro Area

Average Rent

$1,087

Population

262,746

# of Rentals

876

Rochester Metro Area

Average Rent

$1,622

Population

229,429

# of Rentals

455

St. Cloud Metro Area

Average Rent

$993

Population

203,348

# of Rentals

263

La Crosse-Onalaska Metro Area

Average Rent

$1,327

Population

170,560

# of Rentals

142

Mankato Metro Area

Average Rent

$1,157

Population

104,495

# of Rentals

110

Grand Forks Metro Area

Average Rent

$1,248

Population

102,712

# of Rentals

96

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.