Coon Rapids, 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 Coon Rapids, Minnesota rental market.
Coon Rapids, Minnesota
Average Apartment Rent
$1,521
Y-o-Y Change in Average
Apartment Rent
7%
As of March 2026
Compared to a year ago, Coon Rapids, Minnesota apartments have recorded a 7% rent increase.
Coon Rapids, Minnesota Average apartment rent trend
Coon Rapids, Minnesota Average Apartment Rent
Coon Rapids, Minnesota Apartment rent ranges
At 53.9%, apartments priced $1,000 - $1,500 represent the bulk of Coon Rapids, Minnesota rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.03%.
Coon Rapids, Minnesota Housing tenure**
Renters take up 25% of Coon Rapids, Minnesota real estate, occupying a total of 6,194 units, while homeowners live in 18,380 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$51,097
Average household size of renter-occupied housing units**
2.32
Rental vacancy rate**
1.4%
Coon Rapids, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 2,632 rentals in Coon Rapids, Minnesota with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 87 units. Overall, the median number of rooms in Coon Rapids, Minnesota homes for rent is 4.1.
Coon Rapids, Minnesota Renter-occupied units by age of householder**
Most condos for rent in Coon Rapids, 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 85 years and over age group make up the lowest share of the local rental market – 5%.
Coon Rapids, Minnesota Renter-occupied housing units by family type**
Coon Rapids, Minnesota Renter-occupied housing units by the presence of own children**
A total of 2,848 apartments for rent in Coon Rapids, Minnesota, or 46% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 2,081 units. All in all, the median size of a renter-occupied household in Coon Rapids, Minnesota is 2.32.
Coon Rapids, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 14% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Coon Rapids, Minnesota.
Coon Rapids, Minnesota Renter-occupied units by year structure built**
The highest share of Coon Rapids, Minnesota apartment rentals, namely 26% or 1,623 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (20%, 1,242 units), and the ones Built 1960 - 1969 (14%, 896 units).
Coon Rapids, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Coon Rapids, Minnesota renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Coon Rapids, Minnesota condos for rent is 2017.
Coon Rapids, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Coon Rapids, Minnesota renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 17% have No vehicle available.
Coon Rapids, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
Coon Rapids, 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 Coon Rapids, 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
