Minneapolis-St. Paul-Bloomington, MN-WI Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in Minneapolis-St. Paul-Bloomington, MN-WI
The median asking rent in Minneapolis-St. Paul-Bloomington, MN-WI is $2,495 as of July 2026, based on active rental listings across the metro. 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 $364,129, that rent level prices Minneapolis-St. Paul-Bloomington, MN-WI at a 8.54% gross rental yield — compared with 8.61% across Minnesota.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Minneapolis-St. Paul-Bloomington, MN-WI rent and rental yield comparison
The current Minneapolis-St. Paul-Bloomington, MN-WI baseline is $2,495 median asking rent and 8.54% gross rental yield. Compare rent, yield, and home values with selected Minnesota metros, then open a public report or Rental Insights for property-level follow-up.
Duluth, MN-WI
Duluth, MN-WI median asking rent is $2,000, $495 (19.8%) lower than the $2,495 median asking rent in Minneapolis-St. Paul-Bloomington, MN-WI.
- Median rent
- $2,000
- Gross yield
- 9.23%
- Avg home value
- $320,449
Brainerd, MN
Brainerd, MN median asking rent is $1,700, $795 (31.9%) lower than the $2,495 median asking rent in Minneapolis-St. Paul-Bloomington, MN-WI.
- Median rent
- $1,700
- Gross yield
- 8.39%
- Avg home value
- $326,149
Rochester, MN
Rochester, MN median asking rent is $2,100, $395 (15.8%) lower than the $2,495 median asking rent in Minneapolis-St. Paul-Bloomington, MN-WI.
- Median rent
- $2,100
- Gross yield
- 8.15%
- Avg home value
- $317,543
St. Cloud, MN
St. Cloud, MN median asking rent is $1,850, $645 (25.9%) lower than the $2,495 median asking rent in Minneapolis-St. Paul-Bloomington, MN-WI.
- Median rent
- $1,850
- Gross yield
- 9.15%
- Avg home value
- $315,090
Fergus Falls, MN
Fergus Falls, MN median asking rent is $1,398, $1,097 (44%) lower than the $2,495 median asking rent in Minneapolis-St. Paul-Bloomington, MN-WI.
- Median rent
- $1,398
- Gross yield
- 10.14%
- Avg home value
- $194,319
Grand Rapids, MN
Grand Rapids, MN median asking rent is $1,750, $745 (29.9%) lower than the $2,495 median asking rent in Minneapolis-St. Paul-Bloomington, MN-WI.
- Median rent
- $1,750
- Gross yield
- 10.19%
- Avg home value
- $264,404
Austin, MN
Austin, MN median asking rent is $1,288, $1,207 (48.4%) lower than the $2,495 median asking rent in Minneapolis-St. Paul-Bloomington, MN-WI.
- Median rent
- $1,288
- Gross yield
- 12.80%
- Avg home value
- $189,417
Albert Lea, MN
Albert Lea, MN median asking rent is $1,250, $1,245 (49.9%) lower than the $2,495 median asking rent in Minneapolis-St. Paul-Bloomington, MN-WI.
- Median rent
- $1,250
- Gross yield
- 14.34%
- Avg home value
- $148,545
Minneapolis-St. Paul-Bloomington, MN-WI rent and yield FAQ
Quick answers based on the latest Minneapolis-St. Paul-Bloomington, MN-WI rental listing and transaction data.
What is the average rent in Minneapolis-St. Paul-Bloomington, MN-WI?
As of July 2026, the median asking rent in Minneapolis-St. Paul-Bloomington, MN-WI is $2,495. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Minneapolis-St. Paul-Bloomington, MN-WI?
Minneapolis-St. Paul-Bloomington, MN-WI currently prices at a 8.54% gross rental yield, versus 8.61% across Minnesota. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from Minneapolis-St. Paul-Bloomington, MN-WI market context to property-level screening
Open Rental Insights with Minneapolis-St. Paul-Bloomington, MN-WI selected, then pair the yield signal with investor activity and rental data workflows.