Rents in the Minneapolis-St. Paul-Bloomington metro are continuing to ease as 2025 comes to a close, offering renters some welcome relief after years of elevated prices.
The Realtor.com® November 2025 Rental Report shows that asking rents are now lower than they were last fall, placing the Twin Cities firmly within the national rental cooldown.
While the trend is positive, affordability remains a concern for many households.
Twin Cities rents slip, easing pressure modestly
Minneapolis-St. Paul-Bloomington posted a 0.9% year-over-year decline in median asking rent for 0- to 2-bedroom units in November. That decrease puts the metro solidly in “rent is going down” territory, signaling a market that is slowly rebalancing after the post-pandemic surge…