Last updated
Average Rent in Bloomington, MN & Rent Trends
Rent prices and market trends across 5 apartment communities in Bloomington, MN. Updated daily.
Market Average
$1,675/mo
▲ +4% from last month
Lowest Available
$1,349/mo
cheapest unit on market
Communities
5
tracked daily
Units Listed
28
available now
Rent by Neighborhood in Bloomington, MN
Compare average rent across Bloomington, MN neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Bloomington 55435 | $1,678 | $1,349 | 4 | 27 |
| Bloomington 55437 | $1,600 | $1,600 | 1 | 1 |
Is Rent Going Up or Down in Bloomington, MN?
As of May 2026, the average rent in Bloomington, MN is $1,675 per month across 5 apartment communities and 28 available units. Rents have increased $69 (4%) over the past month.
The most affordable option is Parklawn Estates starting at $1,349/mo. By unit type, a studio averages $1,564/mo, a 1-bedroom averages $1,683/mo, a 2-bedroom averages $1,655/mo, a 3-bedroom averages $1,725/mo.
Prices range from $1,349 to $2,400 per month. The most common price point is the $1,400 range, where 8 units are currently listed.
Bloomington, MN Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Bloomington, MN
Rent Prices by Apartment in Bloomington, MN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Parklawn Estates | $1,349/mo | $1,467/mo | 14 | 4.5 |
| Oaks Pentagon Village | $1,453/mo | $1,612/mo | 2 | 4.3 |
| The Covington | $1,600/mo | $1,600/mo | 1 | 4.5 |
| One Southdale Place | $1,675/mo | $1,881/mo | 7 | 4.6 |
| The Finch Apartments | $1,759/mo | $2,094/mo | 4 | 4.6 |
Google Search Trends for Bloomington, MN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Bloomington, MN
What is the average rent in Bloomington, MN?
Is rent going up or down in Bloomington, MN?
What is the cheapest apartment in Bloomington, MN?
How much is a 1-bedroom apartment in Bloomington, MN?
How many apartments are available in Bloomington, MN?
What salary do I need to live comfortably in Bloomington, MN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$67,000/year
30 percent rule -- using our average rent of $1,675/mo.
Comfortable income
$80,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,349/mo), you need to earn at least $54,000/year.
Median household income in Bloomington, MN is $90,677 , about 13% above the comfortable-living threshold.
Cost of living in Bloomington, MN
Overall prices in Bloomington, MN runs above the national average by about 4% (BEA Regional Price Parity index 104.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Bloomington, MN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,675 |
| Utilities | $474 |
| Groceries | $565 |
| Transportation | $1,131 |
| Healthcare | $552 |
| Other goods and services | $882 |
| Estimated total | $5,279/mo |
Population
88,838
Median household income
$90,677
Census median rent
$1,526/mo
Rent as % of income
29.4%
Median age
40.8
Mean commute
21 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Bloomington, MN Apartments
Browse all 5 communities with daily-updated pricing and availability.