Publish date:

These are the fastest growing Twin Cities suburbs for renters

RentCafe has released figures showing the growth in renters over a 5-year period.

Figures from property site RentCafe have revealed the fastest growing renter populations among Twin Cities suburbs over the past five years.

Seeing the biggest growth in that time is the east metro suburb of Woodbury, which has seen a 44 percent increase in renters between 2011 and 2016.

This apparent demand may have contributed to a 20 percent rise in the cost of renting in Woodbury over that time, though this was a smaller increase than some of the other Twin Cities suburbs.

Apple Valley, which saw the third-highest increase in renters over the same period, also saw the cost of rent rise 29 percent.

There was only one Twin Cities suburb, Little Canada, which saw a decline in renters over the same period, dropping a single percentage point during that time.

Screen Shot 2019-01-10 at 10.58.47 AM

Suburbs tend to offer a cheaper rental alternative to renting in Minneapolis, in particular.

Despite a decline in rental prices last year, the Pioneer Press reports it still costs on average of a hefty $1,382-a-month for a one-bedroom and $1,892 for a two-bedroom rental property in Minneapolis.

RentCafe has slightly different figures for Minneapolis, finding the average one-bedroom costs $1,248, while a two-bedroom goes for $1,690.

Things are cheaper in St. Paul, where figures pegged rents at $1,090 for a one-bedroom and $1,369 for a two-bedroom.

House prices remain high, particularly among starter homes, in the Twin Cities, with BMTN reporting last month that homes that are on sale for sub-$250,000 are being snapped up at terrific pace, often in excess of asking price.

Sign up for our Minnesota Nice Homes newsletter

Renting tends to work out as being more expensive than a monthly mortgage payment in the Twin Cities, albeit without the pressure of having to raise a sum for a downpayment.

There are a handful of places where renting is cheaper than mortgage payments, as the Business Journal reported last month.

However, considering two of these places are Spring Park ($270 less than mortgage) on Lake Minnetonka, and Edina ($227 less than a mortgage), this says more about how expensive it is to buy property there, rather than suggesting their rent prices are cheap.

By contrast, mortgage payments in the North Minneapolis zip codes of 55411 and 55412 are $517 and $507 less than rent payments, respectively.

Next Up

Screen Shot 2021-05-27 at 11.04.26 AM

Mother charged with beating daughter to death ruled incompetent

The case against the Woodbury woman will be put "indeterminately suspended."

msp airport

Employers at MSP Airport seeking to hire 700-plus workers

Employers include restaurants, retail, hotel, airlines and security.

Screen Shot 2021-10-23 at 9.38.43 PM

Driver who died in Hwy. 100 embankment rollover is identified

The 30-year-old was killed in the Saturday evening crash.

best buy

Best Buy launches another pre-Black Friday sale, the Early Deals Event

This latest round of discounts is available through Oct. 31.

dave chappelle

Dave Chappelle to perform at Target Center in Minneapolis

The comedian is screen his new documentary at part of the 10-city tour.

Screen Shot 2021-10-25 at 7.06.08 AM

U.S. soccer hero Megan Rapinoe signs her mural at St. Paul bar

Rapinoe paid a visit to The Black Hart ahead of a match at Allianz Field Tuesday.

hospital, emergency room

1 dead after married couple crash UTV in southern Minnesota

The crash happened just after 11 p.m. Saturday.

hmong college prep academy

St. Paul school superintendent offers to quit after $4.3M lost in hedge fund

The Office of the State Auditor recently released its investigative report on the school.


2 women die from injuries suffered in October 19 Hopkins crash

Both victims died at Hennepin Healthcare on Oct. 21.

Dean Evason

Wild fall flat against Predators, lose first game of season

The Wild couldn't stay out of the penalty box in a 5-2 loss.


Renters are choosing the suburbs over the Twin Cities

Why? It's cheaper, it's quieter and the schools tend to be better.

House for sale

Zillow to start buying homes directly from sellers in Twin Cities

The Twin Cities becomes the 10th metro where Zillow has launched its buying service.

Forbes: Only NYC worse than Twin Cities for renters

Forbes analyzed 44 major metro areas to find the best and worst cities for renters, and the Twin Cities was almost at the very bottom, worse than Washington, D.C. and San Francisco (although rents are cheaper here). The magazine looked at average rent in 2012’s first quarter; how much that price has changed year-over-year; vacancy rates; and the difference between the average monthly rental payment versus monthly mortgage payments.

House for sale

Twin Cities median home price hits record $280,000 in 2019

The Minneapolis Area Association of Realtors has issued its annual report.

House for sale

Twin Cities housing market offering mixed blessings for buyers, sellers

It's good for those moving up the ladder, less so for those getting on.

House for sale

Zillow to start making offers on Twin Cities homes based off its 'Zestimates'

The Twin Cities property market is seriously hot right now.