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University apartments for rent - Minneapolis, MN

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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 6/19/2024

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Local Guide

See what Minneapolis, MN has to offer.

Local Reviews

I like going to restaurants my favorite is olive garden aint nothing unique bout my neighborhood 7nrv ii5vtu rc 4juc

Walmart Superstore center close by. Most people know one another. People show concern to one another

I live in or near the university of minnesota the whole area is invested with parts of the school and colledge where ever you move in this area ,,its also some hospitals around as well

My neighborhood is within 1 mile to most everything like Walmart, Home Improvement stores, grocery stores, many different food establishments, coffee shops, shopping mall, department stores & many other retail stores.

The public schools are safe and is a great school district. I enjoy having well maintained houses as neighbors.

The people are very nice here. There's lots of nature and wildlife. It's close to major highways which helps commuting.

Demographics

Education

High School

23%

Associate's

20%

Bachelor's

33%

Master's

18%

Doctorate

6%

Family Size

2 people

52%

3 people

26%

4 people

10%

5 people

5%

6+ people

6%

Household Income

0-50k

61%

50-100k

22%

100-150k

9%

150-200k

4%

200k+

4%

Age

0-10

7%

10-20

20%

20-45

58%

45-65

9%

65+

5%

Affordability

Percentage: 3/53/5

Renters gave this area a 3 out of 5 for affordability

Last updated 6/19/2024

*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 University, 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 University, 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 6/19/2024

Cost of Living

Compared to State Average

1.1%

Compared to National Average

4.5%

The cost of living in University, Minneapolis, MN is 1.1% lower than the state average and 4.5% lower than the national average. University, 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 University, 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 University, 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

Holland

$950

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 Holland, where average rents for 1-bedroom apartments stand at $897, $900, and $950 respectively. Additional areas offering value are Washburn - Fair Oaks Historic District 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%
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--
Como$1,0000%
Linden Hills$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%
Powderhorn$8750%
Whittier$875+5%
Lyndale$862+6%
Ventura Village$845+1%
Phillips$845+1%
Loring Park$795+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%
Loring Park$1,678+69%
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%
Holland$950--
Washburn - Fair Oaks Historic District$950-7%
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%
Prospect Park$2,184+7%
Loring Park$2,047-10%
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

33%

15-30 Mins

43%

30-40 Mins

14%

40-60 Mins

6%

60+ Mins

3%

Transportation Scores

Percentage: 8080

Walk Score®

Walkable

No

Say 6 of 10 renters

Has Sidewalks

Yes

Say 8 of 10 renters

Percentage: 9494

Bike Score®

Bike Friendly

Yes

Say 8 of 10 renters

Percentage: 5959

Transit Score®

They Are Located Near Public Transportation

Yes

Say 7 of 10 renters

Need A Car

No

Say 8 of 10 renters

Area Amenities

Top Score

Theaters

4.5/5 stars based on undefined reviews

The spotlight is constantly on in University Minneapolis.

  1. A high number of theaters per resident
  2. 99% more theaters than average
  3. 63% more theaters than areas of a similar size

Hospitals

4.5/5 stars based on undefined reviews

Plenty of I.V. league hospitals around here.

  1. A high number of hospitals per resident
  2. 98% more hospitals than average
  3. 57% more hospitals than areas of a similar size

Medical Care

4.5/5 stars based on undefined reviews

The great medical care here is just what the doctor ordered.

  1. A high number of medical facilities per resident
  2. 97% more medical facilities than average
  3. 29% more medical facilities than areas of a similar size

Restaurants

3.5/5 stars based on undefined reviews

Rest assured, you won't go hungry around here.

  1. A high number of restaurants per resident
  2. 96% more restaurants than average
  3. A standard number of restaurants compared to areas of a similar size

Nightlife

3.5/5 stars based on undefined reviews

The perfect place to paint the town red.

  1. A high number of bars and clubs per resident
  2. 97% more bars and clubs than average
  3. 33% more bars and clubs than areas of a similar size

Childcare

3.5/5 stars based on undefined reviews

No need for a tantrum - childcare options abound in University Minneapolis.

  1. A high number of daycares per resident
  2. 96% more daycares than average
  3. 23% more daycares than areas of a similar size

Coffee

3/5 stars based on undefined reviews

Things are heating up. University Minneapolis gets a solid score for coffee.

  1. A high number of coffee shops per resident
  2. 98% more coffee shops than average
  3. 40% more coffee shops than areas of a similar size

Parks

3/5 stars based on undefined reviews

University Minneapolis is shrubby, not shabby.

  1. A high number of parks per resident
  2. 97% more parks than average
  3. 18% more parks than areas of a similar size

Pet Services

3/5 stars based on undefined reviews

It's pawsible that your pets will fall in love with University Minneapolis.

  1. Few pet facilities per resident
  2. 90% more pet facilities than average
  3. Far fewer pet facilities than areas of a similar size

Fine Arts

3/5 stars based on undefined reviews

University Minneapolis has the right frame of mind for art.

  1. A high number of fine art centers per resident
  2. 96% more fine art centers than average
  3. A standard number of fine art centers compared to areas of a similar size

Retail Shops

2.5/5 stars based on undefined reviews

The shopping scene here is a size medium.

  1. Few shops per resident
  2. 85% more shops than average
  3. Far fewer shops than areas of a similar size

Amusement Parks

2.5/5 stars based on undefined reviews

Not exactly a Tilt-a-Whirl, but there's fun to be had.

  1. Few amusement parks per resident
  2. 89% more amusement parks than average
  3. Far fewer amusement parks than areas of a similar size

Gas Stations

2.5/5 stars based on undefined reviews

The road is less traveled for filling the tank up in University Minneapolis.

  1. Few gas stations per resident
  2. 80% more gas stations than average
  3. Far fewer gas stations 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

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

Area Features

Area Has Litter

No

Say 9 of 10 renters

Pet Friendly

Yes

Say 9 of 10 renters

Good Place To Raise A Family

Yes

Say 9 of 10 renters

Noise Late At Night

No

Say 8 of 10 renters

Nearby Parks

Yes

Say 8 of 10 renters

Near Grocery Stores

Yes

Say 7 of 10 renters

Area Has Kids Play Outside

Yes

Say 6 of 10 renters

Mostly Older Buildings

No

Say 6 of 10 renters

Near Schools

Yes

Say 6 of 10 renters

Nice Views

Yes

Say 6 of 10 renters

Area Has Potholes

No

Say 6 of 10 renters

Safe For Families

Yes

Say 6 of 10 renters

Maintained Yards

Yes

Say 6 of 10 renters

Busy Streets

Yes

Say 5 of 10 renters

Near Downtown

No

Say 6 of 10 renters

Near Highways

No

Say 6 of 10 renters

Tree Lined Streets

No

Say 6 of 10 renters

Quiet Area

No

Say 7 of 10 renters

Well Lit

No

Say 7 of 10 renters

Mostly Newer Buildings

No

Say 9 of 10 renters

Schools

Percentage: 3/53/5

School Score

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

Top Schools in University 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
Dinkytown 0.3 miles------
Marcy - Holmes 0.8 miles$1,422$4,105
Cedar-Riverside 1 miles$1,170$1,100
Como 0.5 miles$1,300$1,512
Prospect Park 1.1 miles$1,737$2,184
Elliot Park 1.8 miles$1,082$1,600
Elwells 0.6 miles$1,238$1,100
Downtown East 1.3 miles$2,087$3,360
Ventura Village 1.9 miles$975$1,531
University of Minnesota 0.5 miles$1,569$955