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It's always important know what's going on in the Minneapolis market when renting or leasing a property in the area; here's a quick snapshot. The city's population was last estimated at 377,392 with over 168,500 housing units in the area. With almost half of all housing properties occupied by renters, the vacancy rate is under 3% and average market rents are $610-$1,284.

Minneapolis is the largest city in the state of Minnesota. Combined with the neighboring capital, St. Paul, this region is called the Twin Cities and is home to over three million of Minnesota’s residents. This makes it a highly urban area where finance and industry are important to the economy.

However, Minneapolis has more than just business to its name. It’s said to be the most literate city in the world and as is known for its attention to culture and arts. Minneapolis is also a leader in social welfare programs and health care research. This makes it an appealing place for Midwestern residents who are primarily liberal in their politics.

In addition to its urban offerings, Minneapolis is home to a dearth of natural beauty. Situated in what is known as the “land of 10,000 lakes”, Minneapolis is a city filled with water. In addition to water activities, such as boating and fishing, Minneapolis residents can enjoy lakeside camping and riverside trails.

Minneapolis is a city favored by people who prefer cold weather to warmth. Although it is moderately warm and humid during the summers, Minneapolis has a long winter season with lows in the single digits. In order to enjoy the urban and natural beauty of the area, residents have to be able to appreciate this cold.