New Brighton, 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 New Brighton, Minnesota rental market.
New Brighton, Minnesota
Average Apartment Rent
$1,355
Y-o-Y Change in Average
Apartment Rent
2.8%
As of March 2026
Compared to a year ago, New Brighton, Minnesota apartments have recorded a 2.8% rent increase.
New Brighton, Minnesota Average apartment rent trend
New Brighton, Minnesota Average Apartment Rent
New Brighton, Minnesota Apartment rent ranges
At 80.04%, apartments priced $1,000 - $1,500 represent the bulk of New Brighton, Minnesota rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.8%.
New Brighton, Minnesota Housing tenure**
Renters take up 37% of New Brighton, Minnesota real estate, occupying a total of 3,400 units, while homeowners live in 5,709 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$47,066
Average household size of renter-occupied housing units**
2.25
Rental vacancy rate**
3.3%
New Brighton, Minnesota Renter-occupied housing units by no. of bedrooms**
There are 1,862 rentals in New Brighton, Minnesota with 2 beds making up the highest share of the market, at 55%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 107 units. Overall, the median number of rooms in New Brighton, Minnesota homes for rent is 3.8.
New Brighton, Minnesota Renter-occupied units by age of householder**
Most condos for rent in New Brighton, Minnesota are occupied by residents in the 25 - 34 years age group (34%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 3%.
New Brighton, Minnesota Renter-occupied housing units by family type**
New Brighton, Minnesota Renter-occupied housing units by the presence of own children**
A total of 1,503 apartments for rent in New Brighton, Minnesota, or 44% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 1,021 units. All in all, the median size of a renter-occupied household in New Brighton, Minnesota is 2.25.
New Brighton, Minnesota Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in New Brighton, Minnesota.
New Brighton, Minnesota Renter-occupied units by year structure built**
The highest share of New Brighton, Minnesota apartment rentals, namely 37% or 1,253 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (19%, 656 units), and the ones Built 1960 - 1969 (17%, 579 units).
New Brighton, Minnesota Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most New Brighton, Minnesota renters (50%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their New Brighton, Minnesota condos for rent is 2017.
New Brighton, Minnesota Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of New Brighton, Minnesota renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 9% have No vehicle available.
New Brighton, Minnesota Means of transportation to work of householders living in renter-occupied housing units**
New Brighton, 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 New Brighton, 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
