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Best Places to Rent

Minnesota

Average Rent

$1,522

+2.3% YoY

Rent Comparison

-7.1% 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

$1,547

Population

3,778,910

# of Rentals

8,712

Duluth Metro Area

Average Rent

$1,714

Population

281,951

# of Rentals

166

Fargo Metro Area

Average Rent

$1,088

Population

271,920

# of Rentals

846

Rochester Metro Area

Average Rent

$1,609

Population

231,843

# of Rentals

436

St. Cloud Metro Area

Average Rent

$1,067

Population

207,734

# of Rentals

231

La Crosse-Onalaska Metro Area

Average Rent

$1,269

Population

171,083

# of Rentals

130

Mankato Metro Area

Average Rent

$1,200

Population

105,421

# of Rentals

153

Grand Forks Metro Area

Average Rent

$1,247

Population

104,250

# of Rentals

89

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.