Blaine, Minnesota Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Blaine, Minnesota rental market.
Blaine, Minnesota
Average Apartment Rent
$1,572
Y-o-Y Change in Average
Apartment Rent
6.1%
As of November 2024
Compared to a year ago, Blaine, Minnesota apartments have recorded a 6.1% rent increase.
Blaine, Minnesota Average apartment rent trend
Blaine, Minnesota Average Apartment Rent
Blaine, Minnesota Apartment rent ranges
At 43.52%, apartments priced $1,000 - $1,500 represent the bulk of Blaine, Minnesota rentals, while condos priced $700 - $1000 hold the lowest share of the market – 3.23%.
Blaine, Minnesota Housing tenure**
Renters take up 15% of Blaine, Minnesota real estate, occupying a total of 3,681 units, while homeowners live in 21,368 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$65,319
Average household size of renter-occupied housing units**
2.68
Rental vacancy rate**
4.6%
Blaine, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 1,499 rentals in Blaine, Minnesota with 2 beds making up the highest share of the market, at 41%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 107 units. Overall, the median number of rooms in Blaine, Minnesota homes for rent is 4.4.
Blaine, Minnesota Renter-occupied units by age of householder**
Most condos for rent in Blaine, Minnesota are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 25 - 34 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Blaine, Minnesota Renter-occupied housing units by family type**
Blaine, Minnesota Renter-occupied housing units by the presence of own children**
A total of 1,885 apartments for rent in Blaine, Minnesota, or 51% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 1,322 units. All in all, the median size of a renter-occupied household in Blaine, Minnesota is 2.68.
Blaine, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Blaine, Minnesota.
Blaine, Minnesota Renter-occupied units by year structure built**
The highest share of Blaine, Minnesota apartment rentals, namely 24% or 879 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (19%, 694 units), and the ones Built 1980 - 1989 (16%, 587 units).
Blaine, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Blaine, Minnesota renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Blaine, Minnesota condos for rent is 2018.
Blaine, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Blaine, Minnesota renters have 2 vehicles available per household, 37% of them have 1 vehicle available, and 12% have No vehicle available.
Blaine, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
Blaine, Minnesota Geographical mobility in the past year for householders living in renter-occupied housing units**
Blaine, Minnesota Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Blaine, Minnesota apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
