Highland / Mac Groveland / Summit, MN · Minneapolis metro
September 2026
55105,55116
Long-term Rental Rates
Long-term rental rates for Highland / Mac Groveland / Summit (55105,55116), in the Minneapolis metro area, as of September 2026.
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,173 – $1,270 | 5.37% | 10.89% |
| 2-Bedroom | $1,558 – $1,722 | 8.90% | 9.68% |
| 3-Bedroom | $2,206 – $2,424 | -6.00% | -5.73% |
| 4-Bedroom | $1,527 – $1,688 | -43.04% | -44.41% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,329 – $1,411 | 2.16% | 16.63% |
| 2-Bedroom | $1,745 – $1,860 | 1.06% | 3.74% |
| 3-Bedroom | $2,445 – $2,633 | -0.72% | -3.46% |
| 4-Bedroom | $2,961 – $3,144 | 0.41% | 2.45% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,735 – $1,823 | 0.46% | 2.88% |
| 2-Bedroom | $1,863 – $1,998 | -7.78% | -6.92% |
| 3-Bedroom | $2,522 – $2,678 | 0.09% | -1.82% |
| 4-Bedroom | $2,715 – $2,923 | -4.92% | -3.81% |
In the Highland / Mac Groveland / Summit (55105, 55116) rental market, single-family 2-bedroom homes posted a monthly rent increase of 2.43%, with the median reaching $2,066 in May 2026. This notable MoM growth distinguishes this segment from others in Highland / Mac Groveland / Summit (55105, 55116), making it a point of interest for investors watching short-term price movements.
Among entry-level options, 1-bedroom condos in Highland / Mac Groveland / Summit (55105, 55116) rent for $1,290, leading 1-bedroom apartments by $148, as apartments are at $1,142. This premium suggests higher perceived value or demand for condos in the smallest segment, relevant for landlords or investors calibrating amenities and pricing.
A 4.02% year-over-year decline saw median rents for 3-bedroom apartments fall to $2,241, shaping Highland / Mac Groveland / Summit (55105, 55116) rental trends for larger multifamily units. This downward movement may prompt property owners to revisit marketing or renewal approaches for three-bedroom apartments in the area.