How much does it cost to move out in Minneapolis?

The total upfront cost to move out in Minneapolis typically ranges from $3,750 to $6,000, depending on your apartment and setup needs. This includes first month's rent ($1,500), security deposit ($1,500), and move-in essentials.

What salary do I need to rent an apartment in Minneapolis?

Following the 30% rule, you'd need a monthly income of at least $5,000 ($60,000/year) to comfortably afford the average 1BR in Minneapolis. Many landlords require proof of income 2-3x the monthly rent.

Is Minneapolis expensive to live in?

Minneapolis has a cost of living index of 105 compared to the US average of 100. This means it's 5% more expensive than the national average. Housing is the biggest factor, with average rents of $1,500/month for a 1BR.

How much should I save before moving to Minneapolis?

We recommend saving at least $7,500 to $10,500 before moving to Minneapolis. This covers upfront costs ($3,750-$5,250) plus a 2-3 month emergency fund.

What are the hidden costs of moving to Minneapolis?

Beyond rent and deposit, budget for: utilities setup ($100/month), internet (~$70/month), renters insurance (~$20/month), moving costs ($200-$1,500), and household essentials ($500-$2,000).

Can I afford to live alone in Minneapolis?

To live alone in Minneapolis, you need a stable income of at least $60,000/year and savings of $7,500+. If your income is lower, consider getting a roommate - this can reduce your housing costs by 30-40% and make Minneapolis more affordable.

What is the average rent in Minneapolis in 2026?

As of 2026, the average rent in Minneapolis is $1,500/month for a 1-bedroom apartment and $1,900/month for a 2-bedroom. Prices vary by neighborhood - areas outside the city center tend to be 10-20% cheaper.

How much is a security deposit in Minneapolis?

Security deposits in Minneapolis typically equal 1 month of rent ($1,500 for an average 1BR).

Is Minneapolis a good place for first-time renters?

Minneapolis is suitable for first-time renters with steady income. The rental market offers good options for newcomers. Use our calculator to determine if Minneapolis fits your budget.

How long does it take to save to move out in Minneapolis?

If you can save $750/month, you'll need about 10 months to save enough for Minneapolis. With more aggressive saving ($1,200/month), you could be ready in 7 months. Our calculator shows your personalized timeline.

USCost Index: 105

Minneapolis, MN Move Out Calculator: How Much Do You Need to Move Out?

Planning to move out in Minneapolis? Find out exactly how much money you need with our free move-out calculator. In Minneapolis, the average 1-bedroom apartment costs $1,500/month, you'll need approximately $4,500 in upfront costs, and a minimum salary of $60,000/year to live comfortably. Minneapolis is considered a moderate cost city - use the calculator below to get your personalized budget.