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Minnesota Landlord Guide

How to Rent Your Home in Minneapolis, MN

Everything a first-time landlord needs to know about renting out a home in Minneapolis. Market data, local regulations, tax considerations, and your step-by-step action plan.

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Minneapolis rental market snapshot

Median rent

$1,600/mo

Median home price

$325,000

Property tax rate

1.1%

Why rent your home in Minneapolis?

1Strong corporate tenant base — home to 16 Fortune 500 companies
2Major university market (University of Minnesota, 50K+ students)
3Stable economy with low unemployment
4High quality of life attracts long-term tenants
5Strong demand for rentals through all four seasons

Minneapolis landlord regulations

  • Minneapolis requires a rental license for all residential rental properties
  • Properties must pass regular city inspections
  • Minneapolis has tenant protection ordinances including screening fee limits
  • Minnesota requires landlords to pay interest on security deposits
  • State income tax of 5.35-9.85% applies to rental income

Popular rental neighborhoods

UptownNortheastNorth LoopEdinaSt. Louis ParkBloomington

Landlord guides for Minneapolis homeowners

Rental Registration 101: How to Get Your Property Officially on the Books

More cities than ever require landlords to register their rental property. Here's what registration means, where it's required, and how to get it done without the headache.

Landlord-Friendly vs. Landlord-Hostile States: What Every First-Time Landlord Needs to Know in 2026

Where your property sits on the map shapes nearly every decision you'll make as a landlord. Here's how state laws protect — or restrict — your rights as a first-time property owner.

Do You Need a Permit to Rent Out Your Home? A First-Time Landlord's Guide (2026)

Most first-time landlords don't know a rental permit exists until they get fined. Here's exactly what licenses, registrations, and permits you may need before your first tenant moves in.

The Fines That Blindside First-Time Landlords — And How to Avoid Every One

Security deposit mistakes, habitability violations, and missed disclosures are the three biggest fine traps for new landlords. Here's what they cost and how to stay clear of all of them.

Can you rent your home in Minneapolis?

Take our free 2-minute quiz to check your mortgage type, HOA rules, and local requirements. Get a personalized Rental Readiness Score with your exact next steps.

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