Rental Market in
Minnesota

Median rents, affordability ratios, and city-by-city breakdowns across 2 metro areas.

State Average Rent

$---

-17.6% vs national

Lowest Rent

$---

St Paul

Highest Rent

$---

Minneapolis

Avg Rent-to-Income

---%of annual income

Rent Landscape

$1,638

24% income

$1,485

24% income

<30% Affordable 30-40% Stretched >40% Unaffordable National avg

All Cities

City	Median Rent	Affordability	Population
Minneapolis	$1,638	24.5%	425,115
St Paul	$1,485	24.4%	303,820

Affordability Breakdown

Affordable (<30%)2

Stretched (30–40%)0

Unaffordable (>40%)0

Most Affordable

Most Expensive

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Data Sources & Methodology

Rent Data: According to Zillow ZORI (Zillow Observed Rent Index), the industry standard for median asking rent data.

Income Data: According to U.S. Census Bureau ACS 2023, table B19013 — median household income.

Affordability: Calculated as (Monthly Rent × 12) ÷ Annual Income × 100%. The 30% threshold is the HUD standard.

Updated monthly

Last refresh: Mar 20, 2026

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