Bloomington, MN Rental Market
Bloomington, MN is a major suburban hub adjacent to Minneapolis-Saint Paul International Airport and home to the Mall of America — the largest mall in North America — which together create a unique concentration of employment in hospitality, retail, and travel logistics. Major corporate offices including Toro Company and several technology firms are headquartered here. Its direct airport proximity and excellent highway access make it a top choice for business travelers, airline employees, and commuting professionals.
Get a rent estimate for an address in BloomingtonAverage Rent in Bloomington, MN
$1,350
per month · 2026-06
Market Score
Key Facts — Bloomington, MN Rental Market
- Average rent in Bloomington, MN:$1,350/mo
- Median rent:$1,242/mo
- Rent range:$675 – $2,950/mo
- Most common rental (2 bedrooms):$1,175/mo
- Active listings:480
- Avg days to lease:28 days
- Year-over-year change:+3.5%
- Median home value:$285,000
- Est. gross annual yield:5.7%
- Data as of:2026-06
Rent by Bedroom in Bloomington, MN
Average monthly rent for each bedroom type based on current active listings in Bloomington.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $975/mo |
2 Bedrooms | $1,175/mo |
3 Bedrooms | $1,500/mo |
4 Bedrooms | $1,875/mo |
5 Bedrooms | $2,125/mo |
Bloomington Rental Market Statistics
Key indicators from the current Bloomington, MN rental market.
480
Available now in Bloomington
28
From list to lease
$1.05
Average across listings
1,288 sq ft
Typical rental size
$675 – $2,950
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Bloomington, MN Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$285,000
Typical purchase price in Bloomington
Est. Gross Annual Yield
5.7%
Before expenses & vacancy
Avg Monthly Income
$1,350
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Bloomington for a full cash-flow breakdown including all costs.
Bloomington, MN Rental Market FAQ
Common questions about renting and investing in Bloomington, MN.
What is the average rent in Bloomington, MN?
The average rent in Bloomington, MN is $1,350 per month as of 2026. Two-bedroom units average $1,175/mo and three-bedroom homes average $1,500/mo. Bloomington offers lower rents than Minneapolis proper while maintaining convenient access to the city and MSP airport.
Is Bloomington, MN a good place to invest in rental property?
Bloomington, MN offers a 5.7% estimated gross yield with consistent 3.5% year-over-year rent growth. The MSP airport-adjacent economy provides stable employment in aviation, hospitality, and corporate services. The Mall of America retail and entertainment cluster adds a significant non-office employment base.
How competitive is the Bloomington, MN rental market?
Bloomington averages 28 days on market with approximately 480 active listings. The market is competitive — particularly for apartments near the airport and Normandale Lake office park — driven by corporate tenants, airline crews, and MSP-adjacent workers. Single-family homes in established neighborhoods lease within 3–4 weeks.
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