Property prices for rent in Minnesota region

The average rent price in the Minnesota region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.

$1,407.67
Average price last 6 months
$2.56
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Minnesota has fallen considerably in the last 6 months. During July, the average price per sq.feet was $8.04. The following month (August) the price had a considerable fall reaching $1.47 per sq.feet. The following two months (September, October) went through a considerable fall of 33 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 42 %. This has been obtained by comparing the price of $3.16 for the first four months of the sample with regard to the previous 4 months and the price of $1.35 per sq.feet for the last two months (November, December).

Average price

When referring to the price in Minnesota(region), this has risen in the last 6 months. In the first month sample July the average price is $1,318. In August the price remains at $1,371. The average price for the following two months (September, October) rose from $1,344.5 to $1,525.5. During the last two months the price has gone down 94 % compared to the previous average values going from $1,435 a $1,353 in November y December.

Average price per bedrooms

The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 17 % cheaper than the average price in Minnesota followed by those with 2 with an average price of $1,301. The most expensive properties have 4 bedrooms. They are 44 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,612.

Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $1.02 / sq.feet being $1.31 / sq.feet the average for Minnesota. The properties with the highest average price are those with 1 bedroom. These are 28 % more expensive than the average followed by those with 2 bedrooms with a price of $1.33 / sq.feet.

Price per property type

The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,405 it is 16 % cheaper than the average in Minnesota. This is followed by "Condo" with a cost of $1,788. The most expensive property type is "" and is 37 % more costly than the average, followed by "Condo" with a cost of $1,788.

Based upon the average cost per sq.feet the most affordable property type is "Condo with a an average price of $1.05 / sq.feet, followed by "House" with a price of $1.56 / sq.feet. "House" with an average price of $1.56 / sq.feet is the most expensive type of property followed by "Condo" at a price of $1.05 / sq.feet.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in region Minnesota
$1,405
$1.31
61,128
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Blooming Glen Townhomes 2 Br
 1
Blooming Glen Townhomes 2 Br
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Bloomington Of Minnesota, Minnesota - For Rent - Condo - 980 sq.feet - 2 bedrooms - 1 bathroom
Blooming glen townhomes in bloomington, minnesota, are a great choice for affordable living! Blooming glen’s location puts you minutes away from shopping at the mall...
Blooming Glen Townhomes 4 Br
 1
Blooming Glen Townhomes 4 Br
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Bloomington Of Minnesota, Minnesota - For Rent - Condo - 1,259 sq.feet - 4 bedrooms - 2 bathrooms
Blooming glen townhomes in bloomington, minnesota, are a great choice for affordable living! Blooming glen’s location puts you minutes away from shopping at the mall...
Blooming Glen Townhomes 3 Br
 1
Blooming Glen Townhomes 3 Br
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Bloomington Of Minnesota, Minnesota - For Rent - Condo - 1,119 sq.feet - 3 bedrooms - 1 bathroom
Blooming glen townhomes in bloomington, minnesota, are a great choice for affordable living! Blooming glen’s location puts you minutes away from shopping at the mall...
Home For Rent In Bloomington, Minnesota
 1
Home For Rent In Bloomington, Minnesota
$1,495
Bloomington Of Minnesota, Minnesota - For Rent - House - 3 bedrooms - 1 bathroom
Charming bloomington rambler with all living facilities on one story! Home features 3 bedrooms and 1 full bathrooms with remodeled kitchen flooring, cabinets...
Home For Rent In Bloomington, Minnesota
 1
Home For Rent In Bloomington, Minnesota
$1,795
Bloomington Of Minnesota, Minnesota - For Rent - House - 3 bedrooms - 1 bathroom
The front exterior boasts a garage for 2 cars and a shaded, spacious yard that wraps around to the backyard, where you will find ample amounts of room for...