What is the rental vacancy rate in Minneapolis, MN?

The rental vacancy rate in Minneapolis, MN is 6.7% (±0.8 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.8% (±0.3 points).

16,346 (±1,101) homes, 7.8% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Minneapolis, the rental vacancy rate went from 3.5% in 2015–2019 to 6.7% in 2020–2024 (+3.2 percentage points), a measurable increase.

Figures last updated on .

Rental vacancy rate
6.7% (±0.8 points)
Homeowner vacancy rate
0.8% (±0.3 points)
Vacant homes
16,346 (±1,101)

Vacancy in Minneapolis against Hennepin County, its state and the nation

Estimate (90% margin of error)
MinneapolisHennepin CountyMinnesotaUnited States
Rental vacancy rate6.7% (±0.8 points)5.9% (±0.5 points)5.3% (±0.3 points)5.5%
Homeowner vacancy rate0.8% (±0.3 points)0.6% (±0.1 points)0.6% (±0.1 points)0.9%
Vacant housing units16,346 (±1,101)32,034 (±1,888)237,075 (±4,795)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Minneapolis, the rental vacancy rate is not measurably different from Hennepin County (5.9%).

It is also higher than in Minnesota (5.3%).

It is higher than the national figure (5.5%).

Rental vacancy rate in places near Minneapolis

Nearest places with a published estimate, compared with Minneapolis
PlaceDistanceRental vacancy rateCompared with this place
Minneapolis—6.7% (±0.8 points)—
Lauderdale3.8 mi2.9% (±4.7 points)Not measurably different
Golden Valley4.8 mi5.6% (±4.2 points)Not measurably different
St. Louis Park4.8 mi6.1% (±2.0 points)Not measurably different
Falcon Heights4.9 mi4.5% (±5.7 points)Not measurably different
Robbinsdale5.2 mi2.8% (±3.0 points)Lower
St. Anthony (Hennepin County)5.3 mi8.2% (±5.9 points)Not measurably different
Columbia Heights6.0 mi4.5% (±3.2 points)Not measurably different
Richfield6.2 mi3.8% (±2.3 points)Lower

Nearby places with a measurably lower figure: Robbinsdale, MN (2.8%), Richfield, MN (3.8%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Hennepin County, place by place

RankPlaceRental vacancy rate
1Maple Plain12.0% (±11.7 points)
2Champlin9.7% (±8.5 points)
3Rogers8.5% (±8.6 points)
4St. Anthony (Hennepin County)8.2% (±5.9 points)
5Edina6.8% (±3.3 points)
6Minneapolis6.7% (±0.8 points)
7Long Lake6.5% (±7.4 points)
8Crystal6.4% (±3.5 points)
9Eden Prairie6.2% (±3.6 points)
10 (tie)Mound6.1% (±6.4 points)
10 (tie)St. Louis Park6.1% (±2.0 points)
12 (tie)Golden Valley5.6% (±4.2 points)

Showing 12 of 42 places in Hennepin County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Minneapolis

Is it hard to find a rental in Minneapolis?

The rental vacancy rate in Minneapolis, MN is 6.7% (±0.8 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Minneapolis tighter than it was?

In Minneapolis, the rental vacancy rate went from 3.5% in 2015–2019 to 6.7% in 2020–2024 (+3.2 percentage points), a measurable increase.

How many homes are vacant in Minneapolis?

An estimated 16,346 (±1,101) housing units, 7.8% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Minneapolis city, Minnesota (place:43000, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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