Minnesota Rent Report
Minnesota's rental market is led by the Minneapolis–Saint Paul metro, a robust Midwestern economy with major corporate headquarters across retail, healthcare, and financial services. Twin Cities rents average $1,300 to $1,900 per month, supported by a highly educated workforce and low overall unemployment. Rochester is emerging as a secondary market of note, driven by the Mayo Clinic's continued expansion and the medical tourism economy it supports.
Analyze a Rental Property in MinnesotaKey Facts — Minnesota Rental Market
Markets Covered
3
Major cities tracked statewide
ZIP Codes Tracked
4
ZIP-level rental data available
Data as of
October 2026
Refreshed with current listings
Top Rental Markets in Minnesota
Explore rental data, average rents, and market trends for the top cities across Minnesota.
Explore Rental Markets by ZIP Code in Minnesota
Dive into neighborhood-level rental data with ZIP code-specific rent estimates, comps, and market trends across Minnesota.
Investing in Minnesota Rental Properties
Minneapolis offers investors a deep, diverse tenant pool and strong long-term occupancy, though the city's rent stabilization policies should be factored into underwriting multi-family acquisitions. Saint Paul and first-ring suburbs like Bloomington and Plymouth provide solid cash flow without Minneapolis's regulatory overlay. Rochester's healthcare-driven economy offers a niche but reliable investment profile with stable, long-tenured renters.
- Analyze any property in Minnesota for cash flow, cap rate, and rent comps
- Compare markets across Minnesota to find the best yield opportunities
- Track rental trends across 3 major markets statewide
Minnesota Rental Market FAQ
Common questions about renting and investing in Minnesota.
What is the average rent in Minnesota?
Rent across Minnesota varies by city and neighborhood. Our data covers 3 major markets statewide. Use Rent Report to analyze any specific property in Minnesota for a precise rent estimate.
What are the best cities to invest in rental property in Minnesota?
Minneapolis offers investors a deep, diverse tenant pool and strong long-term occupancy, though the city's rent stabilization policies should be factored into underwriting multi-family acquisitions. Saint Paul and first-ring suburbs like Bloomington and Plymouth provide solid cash flow without Minneapolis's regulatory overlay. Rochester's healthcare-driven economy offers a niche but reliable investment profile with stable, long-tenured renters.
How can I analyze a rental property in Minnesota?
Rent Report provides instant rental analysis for properties across Minnesota. Enter any address to get rent estimates, cash flow projections, cap rate analysis, and comparable rentals — free for your first searches.
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