Average Rent Prices in Minnesota (MN)
$1,2931
Average
$8861
Studio
$9431
1BR
$1,1761
2BR
$1,5861
3BR
$1,8761
4BR
🪄 RentalRealEstate Quick Answer
Minnesota’s average fair market rent is $1,293/month, ranking 17th among US states lowest rent prices and 16.64% below the $1,551 national average. This page covers Minnesota’s statewide rent averages by bedroom count, metro-area rent comparisons, and rent context versus neighboring states and national benchmarks.
As of 2026, the overall average fair market rent for a residential rental property in Minnesota is $1,293. Average rent prices in Minnesota sit below the national average rent of $1,551, in which Minnesota ranks as the as the 17th lowest rent among all 50 states and the 34th highest rent among all 50 states within the United States. In Minnesota’s large metropolitan areas such as Minneapolis, MN, the average rent prices tend to be higher, while alternative areas such as Woodbury, MN, can provide more affordable options.
Minneapolis (MA) National Rent Rankings
17th
Lowest Rent Among 50 States
34th
Highest Rent Among 50 States
Below
The National Rent Average
$258
Per Month Below National Rent Average
16.64%
Per Month Below National Rent Average
Average Rent Prices in Minnesota (MN) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
A unit that has 4 separate and distinct bedrooms.
Fair Market Rent
Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in Minnesota (MN) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Duluth, MN-WI MSA | 849 | 978 | 1232 | 1689 | 2067 |
| 2 | Fargo, ND-MN MSA | 768 | 917 | 1112 | 1547 | 1865 |
| 3 | Fillmore County, MN HUD Metro FMR Area | 774 | 779 | 1022 | 1370 | 1375 |
| 4 | Grand Forks, ND-MN MSA | 863 | 868 | 1089 | 1515 | 1827 |
| 5 | La Crosse-Onalaska, WI-MN HUD Metro FMR Area | 804 | 889 | 1166 | 1515 | 1903 |
| 6 | Le Sueur County, MN HUD Metro FMR Area | 816 | 822 | 1078 | 1499 | 1748 |
| 7 | Mankato, MN MSA | 971 | 977 | 1171 | 1629 | 1916 |
| 8 | Mille Lacs County, MN HUD Metro FMR Area | 850 | 856 | 1123 | 1346 | 1884 |
| 9 | Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area | 1242 | 1405 | 1709 | 2262 | 2531 |
| 10 | Rochester, MN HUD Metro FMR Area | 1112 | 1189 | 1407 | 1957 | 2360 |
| 11 | Rock County, MN HUD Metro FMR Area | 727 | 742 | 973 | 1353 | 1357 |
| 12 | St. Cloud, MN MSA | 874 | 919 | 1206 | 1604 | 1873 |
| 13 | Wabasha County, MN HUD Metro FMR Area | 872 | 913 | 1001 | 1334 | 1679 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025.
Year-Over-Year Changes in Minnesota (MN) Rent Prices
1.89%
or
$24
Year-Over-Year Increase
$1,2691
2025 Average Historical Rent Price
$1,2931
2026 Average Current Rent Price
$1,3171
2027 Projected Average Rent Price
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025, 2026, and estimated 2027 projection.
Minnesota (MN) Rental Real Estate Resources
Minnesota Rental Property Management
Minnesota rental property management focuses on handling tenant relations, property maintenance, and legal compliance to help property owners maximize their investment returns.
Minnesota Rental Property Insurance
Minnesota landlord insurance provides real estate investors with essential protection against financial losses caused by property damage, liability claims, loss of rental income, and other risks.
Minnesota Rental Property Loans
Minnesota rental property loans offer investors access to financing for purchasing, refinancing, or renovating properties in a state recognized for its strong economy and vibrant rental market.
Minnesota Rental Agreements
Residential rental agreements in Minnesota outline the terms of the tenancy, including rent, lease duration, and the responsibilities of both landlords and tenants.
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Minnesota (MN) Rent Price Calculators
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Average Rent Prices in Other US States 2026
Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:
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1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.