Bloomington, 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 Bloomington, Minnesota rental market.
Bloomington, Minnesota
Average Apartment Rent
$1,714
Y-o-Y Change in Average
Apartment Rent
4.3%
As of May 2026
Compared to a year ago, Bloomington, Minnesota apartments have recorded a 4.3% rent increase.
Bloomington, Minnesota Average apartment rent trend
Bloomington, Minnesota Average Apartment Rent
Bloomington, Minnesota Apartment rent ranges
At 46.27%, apartments priced $1,500 - $2,000 represent the bulk of Bloomington, Minnesota rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.16%.
Bloomington, Minnesota Housing tenure**
Renters take up 33% of Bloomington, Minnesota real estate, occupying a total of 12,409 units, while homeowners live in 25,244 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$57,977
Average household size of renter-occupied housing units**
2.17
Rental vacancy rate**
4.8%
Bloomington, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 4,974 rentals in Bloomington, Minnesota with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 102 units. Overall, the median number of rooms in Bloomington, Minnesota homes for rent is 3.8.
Bloomington, Minnesota Renter-occupied units by age of householder**
Most condos for rent in Bloomington, Minnesota are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 5%.
Bloomington, Minnesota Renter-occupied housing units by family type**
Bloomington, Minnesota Renter-occupied housing units by the presence of own children**
A total of 5,193 apartments for rent in Bloomington, Minnesota, or 42% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 2,963 units. All in all, the median size of a renter-occupied household in Bloomington, Minnesota is 2.17.
Bloomington, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Bloomington, Minnesota.
Bloomington, Minnesota Renter-occupied units by year structure built**
The highest share of Bloomington, Minnesota apartment rentals, namely 23% or 2,879 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (19%, 2,356 units), and the ones Built 1980 - 1989 (18%, 2,226 units).
Bloomington, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Bloomington, Minnesota renters (45%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Bloomington, Minnesota condos for rent is 2017.
Bloomington, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Bloomington, Minnesota renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 15% have No vehicle available.
Bloomington, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
Bloomington, Minnesota Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Bloomington, 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
