Lafayette vs Minneapolis-St. Paul-Bloomington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 47% cheaper for renters. A 2-bedroom rents for $741/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington — saving $4,200/year.
Rent by Unit Size
| Unit Size | Lafayette | Minneapolis-St. Paul-Bloomington | Difference |
|---|---|---|---|
| Studio | $502 | $731 | $229 |
| 1 Bedroom | $626 | $917 | $291 |
| 2 Bedrooms | $741 | $1,091 | $350 |
| 3 Bedrooms | $958 | $1,436 | $478 |
| 4 Bedrooms | $1,134 | $1,675 | $541 |
| Median Income | $38,989 | $69,491 | $30,502 |
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/yr
Minneapolis-St. Paul-Bloomington
- Studio
- $731/mo
- 1 BR
- $917/mo
- 2 BR
- $1,091/mo
- 3 BR
- $1,436/mo
- 4 BR
- $1,675/mo
- Median Income
- $69,491/yr
Frequently Asked Questions
Is Lafayette or Minneapolis-St. Paul-Bloomington cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $1,091/mo in Minneapolis-St. Paul-Bloomington. That's $350/mo or $4,200/year more expensive in Minneapolis-St. Paul-Bloomington (47% higher).
What is the 2-bedroom rent in Lafayette vs Minneapolis-St. Paul-Bloomington?
The HUD Fair Market Rent for a 2-bedroom in Lafayette is $741/month. In Minneapolis-St. Paul-Bloomington, a 2-bedroom FMR is $1,091/month.
How do incomes compare between Lafayette and Minneapolis-St. Paul-Bloomington?
The median household income in Lafayette is $38,989/year. In Minneapolis-St. Paul-Bloomington it is $69,491/year. Minneapolis-St. Paul-Bloomington has the higher median income.
What is the studio rent in Lafayette vs Minneapolis-St. Paul-Bloomington?
A studio apartment Fair Market Rent in Lafayette is $502/mo. In Minneapolis-St. Paul-Bloomington it is $731/mo.