Rent Prices Increase in Minnesota

Rent prices are continuing to rise in Minnesota. 

According to a new report by apartmentlist.com, the price of rent has increased 2.7 percent over the last year.

The average price of a 1-bedroom apartment in Minnesota is around $1,100.  The average rent for a 2-bedroom in the state is $1,300, right on part with the rest of the nation. 

According to reports, Minneapolis has the most expensive rent in the state, averaging $1,760 for a 2-bedroom.  Rent in Minneapolis has increases by 2.1 percent over the last year. 

St. Paul has the 5th most expensive rent at $1,360 for a 2-bedroom. 

The average rent price in Duluth for a 2-bedroom is around $860.