Uptown / Chain of Lakes, MN
June 2026
55405,55408
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,150 – $1,246 | -0.45% | 8.43% |
| 2-Bedroom | $1,575 – $1,741 | 4.23% | 10.55% |
| 3-Bedroom | $1,800 – $1,990 | -1.75% | -8.79% |
| 4-Bedroom | $2,661 – $2,911 | 0.99% | -0.13% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,225 – $1,287 | -1.80% | 8.83% |
| 2-Bedroom | $1,690 – $1,777 | 1.03% | 2.55% |
| 3-Bedroom | $2,092 – $2,244 | -1.68% | -6.69% |
| 4-Bedroom | $2,692 – $2,899 | -4.33% | -3.21% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,603 – $1,709 | 4.80% | 3.69% |
| 2-Bedroom | $1,969 – $2,112 | 4.93% | 7.60% |
| 3-Bedroom | $2,496 – $2,650 | 10.42% | 1.72% |
| 4-Bedroom | $2,788 – $2,961 | -0.51% | -1.34% |
In the Uptown / Chain of Lakes (55405, 55408) rental market, 1-bedroom condos and townhomes reached a median rent of $1,290, reflecting a 3.2% increase month-over-month and a 9.1% jump year-over-year. This monthly rise puts 1BR condos $88 above apartments and $270 higher than single-family homes for the same bedroom count.
Among 2-bedroom rentals in Uptown / Chain of Lakes (55405, 55408), single-family homes stand at $1,946, rising 3.3% month-over-month and 4.5% year-over-year. This puts them $357 higher than 2BR apartments at $1,589, and $219 above 2BR condos/townhomes, highlighting a clear price premium for single-family living.
Rental data shaping Uptown / Chain of Lakes (55405, 55408) rental trends shows that 3-bedroom apartments declined 6.2% year-over-year to $1,929, with a further 3.5% decrease month-over-month. This segment trails 3BR condos/townhomes by $269 and 3BR single-family homes by $431 in median rent.