Most Expensive Cities to Rent in Minnesota (2026)
The most expensive rent in Minnesota is in Minneapolis, MN, where a 2-bedroom averages $1,709/mo and a 1-bedroom $1,405/mo (2026 HUD Fair Market Rent), versus a Minnesota average 2BR of $1,709. The table below ranks all 1 of the highest-rent cities in Minnesota— typically driven by strong job markets, desirable locations, or limited housing supply.
Top 1 Most Expensive Cities in Minnesota
Ranked by 2-bedroom rent price (highest first)
| Rank | City | Studio | 1 Bed | 2 Bed | 3 Bed | Income Needed |
|---|---|---|---|---|---|---|
#1 | Minneapolis, MN | $1,242 | $1,405 | $1,709 | $2,262 | $68,360/yr |
Why These Minnesota Cities Are Expensive
Minneapolis-St. Paul leads as the primary metro with diverse corporate employment and cultural offerings. Duluth provides lakeside living on Lake Superior. Rochester serves the Mayo Clinic healthcare system. St. Cloud offers smaller city options.
- Strong job markets: Major employers and corporate headquarters drive high-income residents and competitive housing demand
- Desirable location: Access to urban amenities, culture, entertainment, and services commands premium pricing
- Limited supply: Geographic constraints or zoning regulations can restrict new construction
- Quality of life: Top schools, low crime, and attractive neighborhoods justify higher rents
What You Get for Premium Rent
Higher rent in Minnesota's expensive cities often includes benefits that may offset the cost:
How Minnesota's Expensive Cities Compare
Is It Worth Paying Premium Rent?
Reasons to Consider
- ✓Higher-paying jobs may offset increased rent
- ✓Better career advancement opportunities
- ✓Access to networking and professional communities
- ✓Superior amenities and quality of life features
- ✓Potentially save on transportation with walkability
Reasons to Reconsider
- ✗Significantly impacts savings potential
- ✗Remote work may allow living elsewhere
- ✗Nearby suburbs may offer similar benefits for less
- ✗Smaller living space for the same budget
- ✗Higher overall cost of living (food, entertainment)
Minnesota Most Expensive Rent: FAQ
Where is the most expensive rent in Minnesota?
The most expensive rent in Minnesota is in Minneapolis, MN, where a 2-bedroom averages $1,709/month and a 1-bedroom $1,405/month in 2026 (HUD Fair Market Rent). Next highest: .
How much more expensive are Minnesota's priciest cities?
Minnesota's most expensive city costs $0/month more than the state average, or $0/year extra.
What income do I need for Minnesota's most expensive cities?
To afford the most expensive 2BR in Minnesota at $1,709/month, you need approximately $68,360/year based on the 30% of income guideline.