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Minneapolis MN

Current market read
Landlord’s market
ConditionFirm
RentersLandlords
The yearly data reads a landlord's market, and the recent monthly signals are tightening further.
From public data. The situation now, not a forecast.
Renter Google Search InterestGOOGLE · MONTHLY
Rank
9of 43 metros
No change this month
See the full picture with Pro · $39/month

Attention, not a verdict. Google searches for apartments to rent.

Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Tightening lately, jobs are growing, as of Jun 2026.
Job growthBLS · MONTHLY
+1.5%
▲ Hiring, past 12 months
JUL ’25JUN ’26
See the 12-month trend with Pro
VacancyCENSUS · 2024
5.5%FIRM
Share of rentals sitting empty
Asking rentZILLOW ZORI · MONTHLY
+2.9%
▲ Year over year
Older annual rent growth, Census
MINNEAPOL
+1.2%
US AVG
+4.7%
Median rentCENSUS · 2024
$1,444/mo
Typical rent, 2024 yearly count
20162024
See the multi-year trend with Pro
In the news · MinneapolisNEWS · DAILY
Outdated office buildings in Minneapolis-St. Paul? They’re finding new life as apartments, industrial facilities9D AGOMinneapolis’ Sherman Associates makes four key promotions22D AGO
Demand vs supplyCENSUS + BLS
Strong demand
DEMAND
SUPPLY
DEMAND
Jobs+1.5%
Migration+0.12/1k
SUPPLY
Permits+23.3%
Vacancy5.5%
Rent vs buyFREDDIE MAC · WEEKLY
+$1,293/mo
Cheaper to rent than buying
$1,444
RENT
$2,737
OWN
Net migrationCENSUS · 2024
+0.12/1k
▲ Net inflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.