Apartments in Dinkytown Minneapolis

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Dinkytown

A Minneapolis Neighborhood

Summary

Opinions about the origin of Dinkytown’s name vary. Is it a rough translation of “Grodnik,” the name of a long-ago owner of the building that currently houses Loring Pasta Bar? (In Polish, "Grod" = town, and “nik” is a diminutive.) Is it a reference to the steam trolleys, often called “dinkies,” that pulled flour and lumber through the city in the early 20th century? Or does it have to do with the small, self-contained character of the place? One thing’s for certain: Dinkytown is walkable. Seconds from the University of Minnesota’s East Bank campus, the area is student-dominated, with a wide range of cafes and iconic local restaurants, like Al’s Breakfast and Annie’s Parlour. Historically, the area has been a hotbed of student activism and off-campus life, and the housing options reflect a wide range of student-oriented properties, with luxury complexes and co-ops dominating the scene.

Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$1,228
Studio
$1,331
1 Bedroom
$1,898
2 Bedrooms
$1,954
3 Bedrooms
$2,704
4 Bedrooms
$2,974
5+ Bedrooms
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Minneapolis:
December Rent Report

Welcome to the December 2020 Minneapolis Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the December 2020 key findings and figures for the Minneapolis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Minneapolis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Minneapolis rent prices in the chart below.

Monthly Rent Report

Minneapolis Rent Prices Decrease From November to December

Minneapolis rent prices decreased over the last month. From November to December, the city experienced a -0.64% decrease for the price of a one-bedroom apartment. The rent price for a Minneapolis one-bedroom apartments currently stands at $1,396.0.

When we take a look at the two-bedroom comparison from November to December, Minneapolis experienced a 1.24% increase for the price of a two-bedroom apartment. The rent price for a Minneapolis two-bedroom apartments currently stands at $1,966.0.

December Prices: Minneapolis vs. Surrounding Areas

Rent Prices in Minneapolis and Surrounding Areas

Rent prices have decreased in Minneapolis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Minneapolis suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in St Louis Park, MN, Woodbury, MN .

  • Rent decreased in St Paul, MN, Bloomington, MN, Minnetonka, MN, Eagan, MN, Eden Prairie, MN.

  • 4 suburbs are currently priced higher than the city of Minneapolis.

  • 3 suburbs are currently priced lower than the city of Minneapolis.

December 2020 Pricing Trends: Minneapolis vs. National Comparisons

Minneapolis Rent Prices More Affordable Than Major Cities

Rent growth in Minneapolis over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Minneapolis rent prices appear to be relatively affordable for local residents.

The price for a Minneapolis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's December 2020 National Apartment Report and data set here.

For more information about Minneapolis and surrounding area rent prices, take a look at the complete data set below.

Data set for Minneapolis and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Minneapolis, MN $1,405.0 -0.50% $1,942.0 0.21%
St Paul, MN $1,348.0 -0.66% $1,706.0 0.47%
St Louis Park, MN $1,388.0 0.87% $1,657.0 2.35%
Woodbury, MN $1,507.0 0.20% $1,917.0 1.54%
Bloomington, MN $1,400.0 -0.64% $1,641.0 -2.78%
Minnetonka, MN $1,434.0 -1.04% $1,722.0 -0.35%
Eagan, MN $1,292.0 -0.39% $1,519.0 0.33%
Eden Prairie, MN $1,510.0 -4.31% $1,644.0 -3.01%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.