Average Rent in Minneapolis (2026 Estimate)
| Bedroom Type | Median Rent |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,450 |
| 2 Bedroom | $1,950 |
| 3 Bedroom | $2,600 |
Estimated market data based on HUD 2026 and Zillow 2026. For reference only.
Security Deposit Laws in Minnesota
No state limit; typical 1 month
Always confirm with your landlord or property manager, as local city ordinances in Minneapolis may provide additional protections.
Estimated Monthly Utilities in Minneapolis
On average, basic utilities (electricity, heating, cooling, water, garbage) for an 85m² apartment in Minneapolis cost approximately $190 per month.
Internet (60 Mbps+) costs approximately $65 per month.
Total Estimated Monthly Cost in Minneapolis
For a 1-bedroom apartment, your estimated total monthly cost is:
Rent $1,450 + Utilities $190 + Internet $65 = $1,705
For a 2-bedroom apartment:
Rent $1,950 + Utilities $190 + Internet $65 = $2,205
Rent Affordability Tip for Minneapolis
A common rule of thumb is to spend no more than 30% of gross monthly income on rent.
To afford the median 1-bedroom rent of $1,450 in Minneapolis, you should earn at least $4,832 per month ($57,984 per year) before taxes.
Use Our Free Rent Affordability Calculator →Moving to Minneapolis? Estimate Your Total Move-In Cost
Beyond the first month's rent, you'll typically need to pay a security deposit, possibly last month's rent, and moving expenses.
Calculate Move-In Cost →Frequently Asked Questions About Renting in Minneapolis
The estimated median rent for a 1-bedroom apartment in Minneapolis is approximately $1,450 per month as of 2026.
Basic utilities for an average apartment in Minneapolis are estimated at $190 per month, plus about $65 for internet.
Following the 30% rule, you should earn at least $57,984 per year to comfortably afford the median 1-bedroom rent in Minneapolis.