Rent Affordability for Minnesota (2026)
Minnesota (MN) Key Facts
Average 1 B R Rent
$1,100
Median Monthly Income
$6,417
Recommended Max Rent (30% Rule)
$1,925
Affordability Gap
Affordable
Rent to Income Ratio
17.1%
How This Calculator Works in Minnesota
This rent affordability calculator helps you determine how much rent you can reasonably afford in Minnesota based on your income and the 30% rule. Enter your monthly income and desired rent to see whether your housing costs are within a healthy range. The calculator also shows how your situation compares to the Minnesota average.
Minnesota Overview
With a median household income of $77,000, Minnesota residents can afford roughly $1,925/month in rent under the 30% guideline. Average 1-bedroom rent is about $1,100/month. State income taxes in Minnesota reduce your take-home pay, so base your rent budget on net income rather than gross for a more realistic picture.
How Minnesota Compares
Minnesota's rent-to-income ratio of 17.1% is within the recommended 30% range. In neighboring Wisconsin, the ratio is 17.5%. Nationally, about half of renters spend more than 30% of their income on housing, highlighting the widespread challenge of rental affordability.
| State | Top Rate | Notes |
|---|---|---|
| Wisconsin | $950 | Average 1BR rent is $950 with median monthly income of $5,417. The 30% rule allows $1,625 for rent, which covers average rent. |
| Iowa | $800 | Average 1BR rent is $800 with median monthly income of $5,167. The 30% rule allows $1,550 for rent, which covers average rent. |
| North Dakota | $850 | Average 1BR rent is $850 with median monthly income of $5,417. The 30% rule allows $1,625 for rent, which covers average rent. |
In Minnesota, the median household earns $77,000 annually ($6,417 per month). Using the 30% rule, the recommended maximum rent is $1,925 per month. With average 1BR rents at $1,100, rents are within the recommended affordability range. Nationally, about half of renters are considered cost-burdened (paying more than 30% of income on housing).
Tips for Minnesota Residents
- 1The 30% rule suggests spending no more than 30% of gross income on rent. In Minnesota, with a median household income of $77,000, the maximum recommended rent is about $1,925/month.
- 2Average 1-bedroom rent in Minnesota is roughly $1,100/month. This is within or near the 30% guideline for the median household, indicating reasonable affordability at the state level.
- 3State income taxes in Minnesota reduce your take-home pay, so base your rent budget on net income rather than gross for a more realistic picture.
- 4Beyond rent, budget for utilities ($100-$300/month), renters insurance ($15-$30/month), and any parking or pet fees. These can add 10-20% on top of your base rent in Minnesota.
- 5If you are spending more than 30% of income on rent in Minnesota, look into housing assistance programs such as Section 8 vouchers, state-funded rental assistance, or employer housing benefits.