Minneapolis-St. Paul-Bloomington vs New York-Newark-Jersey City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Minneapolis-St. Paul-Bloomington is 110% cheaper for renters. A 2-bedroom rents for $1,091/mo vs $2,293/mo in New York-Newark-Jersey City — saving $14,424/year.
Rent by Unit Size
| Unit Size | Minneapolis-St. Paul-Bloomington | New York-Newark-Jersey City | Difference |
|---|---|---|---|
| Studio | $731 | $1,531 | $800 |
| 1 Bedroom | $917 | $1,813 | $896 |
| 2 Bedrooms | $1,091 | $2,293 | $1,202 |
| 3 Bedrooms | $1,436 | $2,674 | $1,238 |
| 4 Bedrooms | $1,675 | $3,167 | $1,492 |
| Median Income | $69,491 | $124,777 | $55,286 |
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
New York-Newark-Jersey City
- Studio
- $1,531/mo
- 1 BR
- $1,813/mo
- 2 BR
- $2,293/mo
- 3 BR
- $2,674/mo
- 4 BR
- $3,167/mo
- Median Income
- $124,777/yr
Frequently Asked Questions
Is Minneapolis-St. Paul-Bloomington or New York-Newark-Jersey City cheaper to rent in?
Minneapolis-St. Paul-Bloomington is cheaper — a 2-bedroom Fair Market Rent is $1,091/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,202/mo or $14,424/year more expensive in New York-Newark-Jersey City (110% higher).
What is the 2-bedroom rent in Minneapolis-St. Paul-Bloomington vs New York-Newark-Jersey City?
The HUD Fair Market Rent for a 2-bedroom in Minneapolis-St. Paul-Bloomington is $1,091/month. In New York-Newark-Jersey City, a 2-bedroom FMR is $2,293/month.
How do incomes compare between Minneapolis-St. Paul-Bloomington and New York-Newark-Jersey City?
The median household income in Minneapolis-St. Paul-Bloomington is $69,491/year. In New York-Newark-Jersey City it is $124,777/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in Minneapolis-St. Paul-Bloomington vs New York-Newark-Jersey City?
A studio apartment Fair Market Rent in Minneapolis-St. Paul-Bloomington is $731/mo. In New York-Newark-Jersey City it is $1,531/mo.