Bloomington, MN
August 2026
55420,55425,55431,55438
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,349 – $1,461 | 1.62% | 4.63% |
| 2-Bedroom | $1,646 – $1,819 | 0.81% | 1.25% |
| 3-Bedroom | $2,287 – $2,513 | 1.44% | -4.12% |
| 4-Bedroom | $2,923 – $3,054 | 0.81% | 2.31% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,467 – $1,512 | 1.20% | 1.12% |
| 2-Bedroom | $1,917 – $2,016 | 1.04% | 2.02% |
| 3-Bedroom | $2,611 – $2,773 | 2.51% | 0.96% |
| 4-Bedroom | $2,994 – $3,147 | 1.39% | 2.36% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,754 – $1,823 | 0.82% | 5.98% |
| 2-Bedroom | $1,993 – $2,122 | 0.33% | 3.69% |
| 3-Bedroom | $2,586 – $2,746 | 0.51% | -0.81% |
| 4-Bedroom | $2,837 – $3,012 | 1.72% | -0.90% |
In the Bloomington (55420, 55425, 55431, 55438) rental market, 1-bedroom apartments saw a month-over-month decrease of 4.2%, settling at $1,327. This was the steepest decline among the available segments, and year-over-year there was a further 0.5% drop, indicating continued softness for entry-level apartment units.
The 3-bedroom condo/townhome segment in Bloomington (55420, 55425, 55431, 55438) set its median rent at $2,692, outpacing 3-bedroom apartments by $173. Condos/townhomes also rose 2.5% month-over-month, while apartments gained 4.5%, though condos maintain the premium for larger units.
Among the key segments, Bloomington (55420, 55425, 55431, 55438) rental trends indicate that 1-bedroom single-family homes have increased 6.0% year-over-year, reaching a median rent of $1,766. This price is $90 higher than comparable condos and $439 above apartments, making single-family a standout for annual growth.