Minneapolis-St. Paul-Bloomington vs Salt Lake City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Minneapolis-St. Paul-Bloomington is 3% cheaper for renters. A 2-bedroom rents for $1,091/mo vs $1,127/mo in Salt Lake City — saving $432/year.
Rent by Unit Size
| Unit Size | Minneapolis-St. Paul-Bloomington | Salt Lake City | Difference |
|---|---|---|---|
| Studio | $731 | $754 | $23 |
| 1 Bedroom | $917 | $912 | $5 |
| 2 Bedrooms | $1,091 | $1,127 | $36 |
| 3 Bedrooms | $1,436 | $1,352 | $84 |
| 4 Bedrooms | $1,675 | $1,632 | $43 |
| Median Income | $69,491 | $77,224 | $7,733 |
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
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/yr
Frequently Asked Questions
Is Minneapolis-St. Paul-Bloomington or Salt Lake City cheaper to rent in?
Minneapolis-St. Paul-Bloomington is cheaper — a 2-bedroom Fair Market Rent is $1,091/mo vs $1,127/mo in Salt Lake City. That's $36/mo or $432/year more expensive in Salt Lake City (3% higher).
What is the 2-bedroom rent in Minneapolis-St. Paul-Bloomington vs Salt Lake City?
The HUD Fair Market Rent for a 2-bedroom in Minneapolis-St. Paul-Bloomington is $1,091/month. In Salt Lake City, a 2-bedroom FMR is $1,127/month.
How do incomes compare between Minneapolis-St. Paul-Bloomington and Salt Lake City?
The median household income in Minneapolis-St. Paul-Bloomington is $69,491/year. In Salt Lake City it is $77,224/year. Salt Lake City has the higher median income.
What is the studio rent in Minneapolis-St. Paul-Bloomington vs Salt Lake City?
A studio apartment Fair Market Rent in Minneapolis-St. Paul-Bloomington is $731/mo. In Salt Lake City it is $754/mo.