Bloomington, MN
June 2026
55420,55425,55431,55438
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,272 – $1,378 | 0.23% | -2.42% |
| 2-Bedroom | $1,744 – $1,928 | -1.41% | 3.42% |
| 3-Bedroom | $2,356 – $2,477 | 1.56% | -2.65% |
| 4-Bedroom | $2,870 – $3,002 | 0.89% | 2.63% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,442 – $1,486 | -0.44% | -1.12% |
| 2-Bedroom | $1,923 – $2,050 | 2.78% | 4.21% |
| 3-Bedroom | $2,525 – $2,682 | -1.59% | -0.89% |
| 4-Bedroom | $2,957 – $3,085 | 1.26% | 2.38% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,704 – $1,795 | 1.30% | 6.12% |
| 2-Bedroom | $1,971 – $2,101 | 1.29% | 4.54% |
| 3-Bedroom | $2,643 – $2,807 | 1.31% | 1.13% |
| 4-Bedroom | $2,917 – $3,142 | 3.79% | 3.21% |
In the Bloomington (55420, 55425, 55431, 55438) rental market, single-family 1-bedroom units reached a median rent of $1,734 in June 2026, representing a 6.12% increase year-over-year. This is the highest YoY appreciation among all 1-bedroom segments, highlighting notable demand growth for entry-level single-family homes in Bloomington (55420, 55425, 55431, 55438).
Median rent for 2-bedroom condo/townhome units in Bloomington (55420, 55425, 55431, 55438) was $1,987, posting a 4.21% year-over-year increase. This growth outpaces the 3.42% YoY gain for 2-bedroom apartments and trails the 4.54% rise for 2-bedroom single-family homes, suggesting continued upward pressure on mid-size condo rentals in the area.
Bloomington (55420, 55425, 55431, 55438) rental trends show 3-bedroom apartments at a median of $2,417, which trails 3-bedroom single-family homes at $2,725 by $308. This price difference illustrates the premium renters are willing to pay for larger detached housing compared to similarly sized apartments within the submarket.