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Minnesota: Median Gross Rent Trend

How Minnesota's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.

2017
$906
2023
$1,235
Total change
+$329
% change
+36.3%
Year Median Gross Rent Change
2017 $906
2019 $977 +$71 (7.8%)
2020
2021 $1,081
2022 $1,178 +$97 (9%)
2023 $1,235 +$57 (4.8%)

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