Minneapolis-St. Paul-Bloomington vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Minneapolis-St. Paul-Bloomington is 4% cheaper for renters. A 2-bedroom rents for $1,091/mo vs $1,137/mo in Salem — saving $552/year.
Rent by Unit Size
| Unit Size | Minneapolis-St. Paul-Bloomington | Salem | Difference |
|---|---|---|---|
| Studio | $731 | $741 | $10 |
| 1 Bedroom | $917 | $913 | $4 |
| 2 Bedrooms | $1,091 | $1,137 | $46 |
| 3 Bedrooms | $1,436 | $1,411 | $25 |
| 4 Bedrooms | $1,675 | $1,615 | $60 |
| Median Income | $69,491 | $53,953 | $15,538 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Minneapolis-St. Paul-Bloomington or Salem cheaper to rent in?
Minneapolis-St. Paul-Bloomington is cheaper — a 2-bedroom Fair Market Rent is $1,091/mo vs $1,137/mo in Salem. That's $46/mo or $552/year more expensive in Salem (4% higher).
What is the 2-bedroom rent in Minneapolis-St. Paul-Bloomington vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Minneapolis-St. Paul-Bloomington is $1,091/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Minneapolis-St. Paul-Bloomington and Salem?
The median household income in Minneapolis-St. Paul-Bloomington is $69,491/year. In Salem it is $53,953/year. Minneapolis-St. Paul-Bloomington has the higher median income.
What is the studio rent in Minneapolis-St. Paul-Bloomington vs Salem?
A studio apartment Fair Market Rent in Minneapolis-St. Paul-Bloomington is $731/mo. In Salem it is $741/mo.