Minneapolis-St. Paul-Bloomington, MN-WI
N/A transactions last 30d
8.54%
gross yield
$2,495
Median rent
$364,129
Avg home value
N/A
30d transactions
Market data updated Jul 1, 2026
Minnesota Average Rent & Rental Yield
Screen Minnesota rental return signals with average asking rent (median), gross rental yield, home value, and transaction activity. Use this page as a market-level starting point before underwriting individual properties, operators, or borrower prospects.
8.61%
Gross Rental Yield
$2,300
Median Rent
$343,920
Avg Home Value
N/A
Transactions (30d)
Average rent in Minnesota
The median asking rent in Minnesota is $2,300 as of July 2026, based on active rental listings statewide. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $343,920, that rent level prices Minnesota at a 8.61% gross rental yield. Rent and yield vary widely by metro — use the metro breakdown below to compare individual Minnesota markets.
Rental yield snapshot for Minnesota
Gross rental yield is a first-pass market screen. It does not include taxes, insurance, repairs, vacancies, financing, or property-level operating differences. Pair it with observed transaction activity before choosing where to prospect.
N/A
Median Sale Price
N/A
Active Listings
N/A
Avg Days on Market
N/A
Months of Supply
N/A
Price Reduced
Jul 1, 2026
Market Data Date
Metro market heatmap
Featured metros combine the largest Minnesota markets by transaction activity with the highest gross-yield markets, so both demand centers and return outliers stay visible in one screen.
Minnesota metro market heatmap
Each metro tile shows rent, value, transaction context, and a direct path into the Rental Insights workflow.
Under 5.5%5.5% to <6.5%6.5% to <7.5%7.5%+
Duluth, MN-WI
N/A transactions last 30d
9.23%
gross yield
$2,000
Median rent
$320,449
Avg home value
N/A
30d transactions
Brainerd, MN
N/A transactions last 30d
8.39%
gross yield
$1,700
Median rent
$326,149
Avg home value
N/A
30d transactions
Rochester, MN
N/A transactions last 30d
8.15%
gross yield
$2,100
Median rent
$317,543
Avg home value
N/A
30d transactions
St. Cloud, MN
N/A transactions last 30d
9.15%
gross yield
$1,850
Median rent
$315,090
Avg home value
N/A
30d transactions
Detroit Lakes, MN
1.1K active investors
1.1K
investors
1.1K
Active investors
8.61%
State gross yield
$2,300
State median rent
Fergus Falls, MN
N/A transactions last 30d
10.14%
gross yield
$1,398
Median rent
$194,319
Avg home value
N/A
30d transactions
Grand Rapids, MN
N/A transactions last 30d
10.19%
gross yield
$1,750
Median rent
$264,404
Avg home value
N/A
30d transactions
Bemidji, MN
N/A transactions last 30d
9.87%
gross yield
$1,600
Median rent
$197,314
Avg home value
N/A
30d transactions
Austin, MN
N/A transactions last 30d
12.80%
gross yield
$1,288
Median rent
$189,417
Avg home value
N/A
30d transactions
Albert Lea, MN
N/A transactions last 30d
14.34%
gross yield
$1,250
Median rent
$148,545
Avg home value
N/A
30d transactions
Hutchinson, MN
N/A transactions last 30d
9.68%
gross yield
$1,918
Median rent
$235,444
Avg home value
N/A
30d transactions
Metro
Gross Yield
Median Rent
Avg Home Value
30d Transactions
Minneapolis-St. Paul-Bloomington, MN-WI
MN
8.54%
$2,495
$364,129
N/A
Duluth, MN-WI
MN
9.23%
$2,000
$320,449
N/A
Brainerd, MN
MN
8.39%
$1,700
$326,149
N/A
Rochester, MN
MN
8.15%
$2,100
$317,543
N/A
St. Cloud, MN
MN
9.15%
$1,850
$315,090
N/A
Detroit Lakes, MN
MN
N/A
N/A
N/A
N/A
Fergus Falls, MN
MN
10.14%
$1,398
$194,319
N/A
Grand Rapids, MN
MN
10.19%
$1,750
$264,404
N/A
Bemidji, MN
MN
9.87%
$1,600
$197,314
N/A
Austin, MN
MN
12.80%
$1,288
$189,417
N/A
Albert Lea, MN
MN
14.34%
$1,250
$148,545
N/A
Hutchinson, MN
MN
9.68%
$1,918
$235,444
N/A
All Minnesota rental markets
Average rent and rental yield reports for every covered Minnesota metro (18 markets).
- Albert Lea, MN14.34% yield
- Alexandria, MN8.94% yield
- Austin, MN12.80% yield
- Bemidji, MN9.87% yield
- Brainerd, MN8.39% yield
- Duluth, MN-WI9.23% yield
- Faribault-Northfield, MN8.36% yield
- Fergus Falls, MN10.14% yield
- Grand Rapids, MN10.19% yield
- Hutchinson, MN9.68% yield
- Mankato, MN9.60% yield
- Minneapolis-St. Paul-Bloomington, MN-WI8.54% yield
- Owatonna, MN9.61% yield
- Red Wing, MN8.93% yield
- Rochester, MN8.15% yield
- St. Cloud, MN9.15% yield
- Willmar, MN9.55% yield
- Winona, MN9.02% yield
Turn Minnesota rental signals into a target list
Use yield context to prioritize a market, then move into rental listings, active investors, borrower prospects, or a custom data pull for your team.