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Minneapolis MN Apartment Market Read
Covers Minneapolis, St. Paul and Bloomington.
Current market read
Landlord’s market
ConditionFirm
The yearly data reads a landlord's market, and the monthly figures, asking rents and jobs are heating up further.
From public data. The situation now, not a forecast.
Renter Google searchabout 12,100 searches in August 2026 · HousesSee read → What renters Google mostHousesSee all →
Renter Google Search InterestGoogle · monthly
About 12,100 searches in August 2026, for Minneapolis on its own
November is usually one of the quietest months for renter searches here.
Attention, not a verdict. Google searches for apartments to rent.
METROSGNL PRO
We watch Minneapolis for you.
The day asking rent growth (now +3.1%) or job growth (now +1.1%) moves half a point, you get an email. Plus two years of history and the report.
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Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Asking rents are climbing (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+1.1%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$1,630 a month
September 2026, ▲ up 3.1% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +1.2% · US avg +4.6%
Median rentCENSUS · 2024
$1,444/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2017 to 2025, no 2020, with Pro
In the news · MinneapolisNEWS · DAILY
Latest local coverage, 1 week ago. softer neutral firmer
Hennepin County Proposal Would Provide Up to $710,000 for Minneapolis Housing-Site Cleanup | MinneapoliMediaNew state-funded housing voucher waitlist opens for Minneapolis familiesMinneapolis opens applications for housing vouchers for the first time since 2019View all 8 Minneapolis news →Demand vs supplyCENSUS + BLS
Strong demand
DEMAND
Jobs+1.1%
Migration 2025+2.0/1k
SUPPLY
Permits 2025+23%
Vacancy 20245.5%
Rent vs buyWEEKLY RATE · 2024 RENT
+$1,538/mo
Cheaper to rent than buying
rent $1,444 · own $2,982
$1,444RENT
$2,982OWN
Domestic migrationCENSUS · 2025
+2.0/1k
▲ More people moved in from elsewhere in the US than left. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.