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Loring Park apartments for rent - Minneapolis, MN

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Loring Park Apartments Options

Average Rent in Minneapolis, MN

Avg. RentAnnual Change
Minneapolis Studio - $1,110+8%
Minneapolis 1 Bed - $1,526+13%
Minneapolis 2 Beds - $2,222+13%
Last updated 6/22/2024

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Local Guide

See what Minneapolis, MN has to offer.

Local Reviews

Friends nearby, good restaurants, grocery stores, opera & theatre nearby. Close to airport and good public transportation.

I like living in my neighborhood because there's a variety of local businesses right across the street, and theorems a wide mix of age groups in my building.

Live inside safe apartment building, need key fob to get into vestibule, everybody needs to be let in by security

Very walkable and near downtown with lots of public transit options. Lots of local businesses and unique resteraunts.

I like that the apartment is not in a neighborhood-populated area. It is quiet with only a few neighbors from the building that I run into. Sometimes there is someone walking her dog , someone/people walking by or someone in the parking lot, but not all the time:)

Demographics

Education

High School

14%

Associate's

27%

Bachelor's

39%

Master's

17%

Doctorate

3%

Family Size

2 people

82%

3 people

16%

4 people

1%

5 people

0%

6+ people

1%

Household Income

0-50k

51%

50-100k

24%

100-150k

13%

150-200k

6%

200k+

5%

Age

0-10

5%

10-20

1%

20-45

54%

45-65

26%

65+

14%

Affordability

Percentage: 3/53/5

Renters gave this area a 3 out of 5 for affordability

Last updated 6/22/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Loring Park, Minneapolis, MN

In Minneapolis, MN, as of 2024, the average rent for apartments ranges from $1,110 to $2,222. Specifically, the average rent for a studio apartment in Loring Park, Minneapolis, MN is $1,110. For those seeking a 1-bedroom apartments, the average rent is $1,526. And for a 2-bedroom apartment, renters can expect to pay an average of $2,222.

Annual Rent Change Over the Past 12 Months

Studio

+8%

Changed from $1,028 to $1,110
1 Bed

+13%

Changed from $1,350 to $1,526
2 Beds

+13%

Changed from $1,966 to $2,222
Last updated 6/22/2024

Cost of Living

Compared to State Average

1.1%

Compared to National Average

4.5%

The cost of living in Loring Park, Minneapolis, MN is 1.1% lower than the state average and 4.5% lower than the national average. Loring Park, Minneapolis, MN housing is 13.8% less expensive than the U.S average, while utilities are about 5.3% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 1.2% less in Loring Park, Minneapolis, MN than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 0.8% more here compared to the U.S. average.
Cost of Living in Loring Park, Minneapolis, MNCompared to State AverageCompared to National Average
Housing
1.3%
13.8%
Utilities
1.6%
5.3%
Food
0.8%
1.2%
Transportation
0.2%
2.8%
Healthcare
1.5%
0.8%

Compare Other Cities

CityStudio Avg RentAnnual Change
Blaine$1,952--
Woodbury$1,799+8%
Eden Prairie$1,5600%
Maple Grove$1,497-2%
Oakdale$1,495+48%
Richfield$1,395-1%
Lakeville$1,395-1%
Eagan$1,382+2%
Bloomington$1,362+22%
Coon Rapids$1,330-9%
Burnsville$1,274+6%
Edina$1,237+2%
Hastings$1,230+86%
Shakopee$1,225-11%
Minnetonka$1,211-4%
Minneapolis$1,110+8%
Hopkins$1,102+7%
Saint Paul$1,047-5%
Saint Louis Park$1,039+1%
Crystal$1,019--
Brooklyn Park$994-32%
Plymouth$9120%
City1 Bed Avg RentAnnual Change
Eden Prairie$1,935+31%
Bloomington$1,804+26%
Golden Valley$1,803+32%
Blaine$1,785+16%
Eagan$1,729+10%
Maple Grove$1,715+2%
Minnetonka$1,654+19%
Woodbury$1,599-9%
Lakeville$1,590+1%
Oakdale$1,576+12%
Richfield$1,547+17%
Minneapolis$1,526+13%
Edina$1,496+7%
Shakopee$1,472-4%
Burnsville$1,4680%
Coon Rapids$1,427-5%
Saint Louis Park$1,397+21%
Hastings$1,370+69%
Plymouth$1,345-9%
Saint Paul$1,282+1%
Crystal$1,237+6%
Hopkins$1,217+3%
Brooklyn Park$1,109-33%
River Falls$900--
City2 Beds Avg RentAnnual Change
Eden Prairie$2,916+59%
Bloomington$2,552+55%
Golden Valley$2,526+64%
Maple Grove$2,267+3%
Minneapolis$2,222+13%
Eagan$2,222+18%
Minnetonka$2,133+20%
Richfield$2,095+25%
Burnsville$2,017+21%
Saint Louis Park$1,997+38%
Lakeville$1,967+1%
Edina$1,892+5%
Oakdale$1,812-11%
Woodbury$1,799-17%
Shakopee$1,7700%
Plymouth$1,757+2%
Hopkins$1,586+7%
Blaine$1,532-6%
Saint Paul$1,519-2%
Hastings$1,464+56%
Crystal$1,437+2%
Coon Rapids$1,405-6%
Brooklyn Park$1,402-31%

Compare Neighborhoods

Seward

$897

1 Bed Avg. Rent

Harrison

$900

1 Bed Avg. Rent

What are the most affordable neighborhoods in Minneapolis, MN?

For renters in Minneapolis seeking more affordable options, the neighborhoods to watch are Seward, Harrison, and Washburn - Fair Oaks Historic District, where average rents for 1-bedroom apartments stand at $897, $900, and $950 respectively. Additional areas offering value are Holland and Ventura Village, where the rents are $950 and $975, a favorable comparison to Minneapolis's overall 1-bedroom average of $1,526.

What are the most expensive neighborhoods in Minneapolis, MN?

In Minneapolis, the neighborhoods commanding the highest rents are North Loop, Cedar Isles - Dean, and Downtown East. A 1-bedroom apartment in North Loop averages at $5,016, in Cedar Isles - Dean it averages $2,099, and in Downtown East, the average is $2,087. For additional high-end living options, Tangletown offers 1-bedroom apartments at $2,080, and Downtown West at $1,801. These rates compare to the overall average rent of $1,526 for a 1-bedroom apartment in Minneapolis, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Minneapolis, MN?

In Minneapolis, the most sought-after neighborhoods for renters include Prospect Park, Cedar-Riverside, and Powderhorn. In Prospect Park, the average rent for a 1-bedroom apartment is $1,737. Cedar-Riverside sees average rents of $1,170 for a 1-bedroom unit. Powderhorn offers similar appeal with 1-bedroom apartments averaging $1,011. For those seeking other popular areas, Seward presents 1-bedroom apartments at $897, and Phillips at $975. These prices are set against the backdrop of the city-wide average of $1,526 for a 1-bedroom apartment in Minneapolis, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
Warehouse District$1,600-6%
North Loop$1,529-12%
Prospect Park$1,370+4%
South St. Paul$1,325-2%
Cedar Isles - Dean$1,299-4%
North St. Paul$1,277--
Uptown$1,276+38%
Downtown East$1,263+28%
University$1,262-7%
Calhoun Isles$1,256+26%
Tangletown$1,240--
Downtown West$1,224-3%
Nokomis$1,200+3%
Southwest Minneapolis$1,192+19%
Marcy - Holmes$1,165+23%
West St. Paul$1,130+20%
Lyn Lake$1,054+6%
Harrison$1,034+22%
Longfellow$1,023+4%
Central$1,013+7%
Cedar-Riverside$1,012--
Linden Hills$1,0000%
Como$1,0000%
Northeast Minneapolis$997-9%
Hiawatha$9970%
Seward$984-8%
Lowry Hill$972-2%
Elliot Park$960+13%
Lowry Hill East$949--
Sheridan$945--
Central Minneapolis$923-12%
Washburn - Fair Oaks Historic District$909--
Holland$905--
Stevens Square$900-8%
CARAG$8950%
Whittier$875+5%
Powderhorn$8750%
Lyndale$862+6%
Ventura Village$845+1%
Phillips$845+1%
Elwells$735--
University of Minnesota$590-57%
Neighborhood1 Bed Avg RentAnnual Change
Cedar Isles - Dean$2,099-20%
Downtown East$2,087+7%
Tangletown$2,080--
Downtown West$1,801+36%
Central Minneapolis$1,761+13%
Prospect Park$1,737+8%
Warehouse District$1,725-14%
South St. Paul$1,700+5%
University$1,645+9%
Calhoun Isles$1,594+23%
University of Minnesota$1,569+108%
Uptown$1,565+74%
Nokomis$1,525+2%
North St. Paul$1,511--
Near North$1,487--
Marcy - Holmes$1,422+36%
Southwest Minneapolis$1,332+27%
Hiawatha$1,3140%
Como$1,300+18%
Camden$1,300--
West St. Paul$1,300+5%
Linden Hills$1,250-2%
Elwells$1,238+18%
Longfellow$1,227+13%
Lowry Hill$1,195+12%
Cedar-Riverside$1,170-8%
Lyn Lake$1,169-2%
Northeast Minneapolis$1,135-1%
Lyndale$1,0980%
Elliot Park$1,082-36%
Sheridan$1,025+3%
Powderhorn$1,011-3%
Lowry Hill East$1,007-22%
Whittier$1,005-1%
Stevens Square$999+2%
CARAG$997-5%
Central$995-21%
Ventura Village$9750%
Phillips$975-12%
Washburn - Fair Oaks Historic District$950-7%
Holland$950--
Harrison$900-29%
Seward$897-21%
Neighborhood2 Beds Avg RentAnnual Change
Kenwood$3,800--
Calhoun Isles$3,495+23%
Tangletown$3,495--
Downtown East$3,360-1%
Central Minneapolis$2,838+9%
Downtown West$2,626+16%
Near North$2,560--
South St. Paul$2,432+8%
University$2,250+50%
Prospect Park$2,184+7%
Warehouse District$2,030-22%
Uptown$2,015-7%
North St. Paul$1,961--
Sheridan$1,850+28%
Longfellow$1,831+31%
Nokomis$1,825-1%
Hiawatha$1,8220%
Seward$1,815+30%
Lowry Hill$1,795-17%
Southwest Minneapolis$1,792+27%
Lowry Hill East$1,699+13%
Northeast Minneapolis$1,610-3%
Elliot Park$1,600-39%
Camden$1,600--
West St. Paul$1,551-5%
Ventura Village$1,531+2%
Phillips$1,531+14%
Como$1,512+1%
Lyn Lake$1,499-25%
Linden Hills$1,450-8%
Lyndale$1,448+10%
Central$1,395-9%
Harrison$1,360+17%
CARAG$1,3450%
Powderhorn$1,311+7%
Stevens Square$1,2950%
Whittier$1,267+5%
Washburn - Fair Oaks Historic District$1,235+1%
Phillips West$1,195--
Holland$1,135-5%
Cedar-Riverside$1,100-19%
Elwells$1,100-8%
University of Minnesota$955+57%

Transportation

Commute Time

0-15 Mins

28%

15-30 Mins

46%

30-40 Mins

13%

40-60 Mins

8%

60+ Mins

4%

Transportation Scores

Percentage: 9292

Walk Score®

Walkable

Yes

Say 4 of 6 renters

Has Sidewalks

Yes

Say 5 of 6 renters

Percentage: 8585

Bike Score®

Bike Friendly

Yes

Say 3 of 6 renters

Percentage: 7272

Transit Score®

They Are Located Near Public Transportation

Yes

Say 4 of 6 renters

Need A Car

Yes

Say 3 of 6 renters

Area Amenities

Top Score

Restaurants

2.5/5 stars based on undefined reviews

An average foodie scene: not too cold and not too hot.

  1. Few restaurants per resident
  2. 73% more restaurants than average
  3. 33% more restaurants than areas of a similar size

Coffee

2.5/5 stars based on undefined reviews

Not too cold, not too hot. An average town for coffee.

  1. A high number of coffee shops per resident
  2. 90% more coffee shops than average
  3. 78% more coffee shops than areas of a similar size

Nightlife

2.5/5 stars based on undefined reviews

Nightlife is on the rocks in Loring Park Minneapolis.

  1. A high number of bars and clubs per resident
  2. 86% more bars and clubs than average
  3. 73% more bars and clubs than areas of a similar size

Parks

2.5/5 stars based on undefined reviews

There's fresh air to be had here.

  1. A high number of parks per resident
  2. 90% more parks than average
  3. 67% more parks than areas of a similar size

Retail Shops

2.5/5 stars based on undefined reviews

The shopping scene here is a size medium.

  1. A high number of shops per resident
  2. 70% more shops than average
  3. 40% more shops than areas of a similar size

Grocery Stores

2/5 stars based on undefined reviews

The food shops around here are few and far between.

  1. Few grocery stores per resident
  2. An average number of grocery stores
  3. A standard number of grocery stores compared to areas of a similar size

Childcare

2/5 stars based on undefined reviews

Loring Park Minneapolis is low on childcare options so get on the waiting list early.

  1. Few daycares per resident
  2. 73% more daycares than average
  3. A standard number of daycares compared to areas of a similar size

Health and Fitness

2/5 stars based on undefined reviews

You'll have to workout somewhere else to keep fit.

  1. Few gyms per resident
  2. An average number of gyms
  3. A standard number of gyms compared to areas of a similar size

Pet Services

2/5 stars based on undefined reviews

Loring Park Minneapolis could do with more oppawtunities for pets.

  1. Few pet facilities per resident
  2. 52% more pet facilities than average
  3. 23% fewer pet facilities than areas of a similar size

Theaters

2/5 stars based on undefined reviews

Hiding in the dressing room? Loring Park Minneapolis has a quiet theater scene.

  1. Few theaters per resident
  2. 82% more theaters than average
  3. 60% more theaters than areas of a similar size

Fine Arts

2/5 stars based on undefined reviews

You gotta Van Gogh somewhere else for art.

  1. Few fine art centers per resident
  2. An average number of fine art centers
  3. A standard number of fine art centers compared to areas of a similar size

Amusement Parks

2/5 stars based on undefined reviews

In need of a lift: Loring Park Minneapolis is light on amusement parks.

  1. Few amusement parks per resident
  2. An average number of amusement parks
  3. A standard number of amusement parks compared to areas of a similar size

Hospitals

2/5 stars based on undefined reviews

Be patient when looking for a hospital around here.

  1. Few hospitals per resident
  2. An average number of hospitals
  3. A standard number of hospitals compared to areas of a similar size

Medical Care

2/5 stars based on undefined reviews

We have a bone to pick with this Loring Park Minneapolis's access to medical care.

  1. Few medical facilities per resident
  2. 37% more medical facilities than average
  3. 47% fewer medical facilities than areas of a similar size

Gas Stations

2/5 stars based on undefined reviews

Honk if you see a gas station.

  1. Few gas stations per resident
  2. An average number of gas stations
  3. A standard number of gas stations compared to areas of a similar size

Area Features

Area Has Potholes

No

Say 6 of 6 renters

Busy Streets

No

Say 5 of 6 renters

Area Has Litter

No

Say 5 of 6 renters

Noise Late At Night

No

Say 4 of 6 renters

Mostly Older Buildings

No

Say 4 of 6 renters

Near Downtown

Yes

Say 4 of 6 renters

Near Grocery Stores

Yes

Say 4 of 6 renters

Nearby Parks

Yes

Say 3 of 6 renters

Well Lit

Yes

Say 3 of 6 renters

Near Highways

No

Say 4 of 6 renters

Near Schools

No

Say 4 of 6 renters

Pet Friendly

No

Say 4 of 6 renters

Good Place To Raise A Family

No

Say 4 of 6 renters

Tree Lined Streets

No

Say 4 of 6 renters

Nice Views

No

Say 5 of 6 renters

Safe For Families

No

Say 5 of 6 renters

Maintained Yards

No

Say 5 of 6 renters

Area Has Kids Play Outside

No

Say 6 of 6 renters

Mostly Newer Buildings

No

Say 6 of 6 renters

Quiet Area

No

Say 6 of 6 renters

Schools

Percentage: 4/54/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Loring Park Minneapolis

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Apartments in Nearby Cities

Find Apartments in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
North Loop 1 miles$5,016$5,368
Warehouse District 1.2 miles$1,725$2,030
Central Minneapolis 0.7 miles$1,761$2,838
Uptown 1.8 miles$1,565$2,015
Stevens Square 0.4 miles$999$1,295
Lowry Hill 0.7 miles$1,195$1,795
Whittier 0.9 miles$1,005$1,267
Elliot Park 0.9 miles$1,082$1,600
Calhoun Isles 1.6 miles$1,594$3,495
Cedar-Riverside 1.9 miles$1,170$1,100