Performance indicators for the Minneapolis short-term rental market based on reliable data.
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The highest-performing listings in Minneapolis.
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Generally Investor friendly
Minneapolis allows STRs citywide with clear registration/licensing pathways, modest fees ($58 registration), and straightforward compliance processes (management plan, $300k insurance, neighbor notice). Limits exist (10 occupants hard cap; 10% cap in 20+ unit buildings; one non-homesteaded unit in smaller buildings), but they are manageable and do not ban investment properties.
Local STR Agent
STR specialist · Minneapolis, MN
Minneapolis is the larger of the Twin Cities and the seat of Hennepin County in the U.S. state of Minnesota. Home to roughly 425,000 residents in the city itself and more than three million across the surrounding metro area, it sits along the upper Mississippi River, just northwest of its twin Saint Paul, which serves as the state capital. Known for an unusual abundance of lakes and parks, a deep arts and theater scene, and a hardy Midwestern character, Minneapolis also functions as a gateway to the wider Upper Midwest, including the lake country of central and northern Minnesota. The nearest truly large out-of-state city is Chicago, about 355 miles to the southeast.
Just south of downtown in the suburb of Bloomington lies the Mall of America, one of the largest shopping and entertainment complexes in the United States, drawing tens of millions of visitors each year with hundreds of stores, an indoor amusement park, and an aquarium. Roughly ten to fifteen minutes by car from the Minneapolis central business district, it anchors a hospitality corridor that includes major hotels, waterparks, and Minneapolis–Saint Paul International Airport just minutes away.
The city's chain of lakes — including Bde Maka Ska, Lake Harriet, Lake of the Isles, and Cedar Lake — form a beloved network of parks, beaches, and paved trails just west of downtown, drawing walkers, runners, and cyclists through every season. A short drive west of the central business district leads to the Walker Art Center and the adjacent Minneapolis Sculpture Garden, where the iconic Spoonbridge and Cherry sculpture anchors a free, open-air gallery. These institutions reflect a community that values the outdoors as much as it values creative expression.
About five miles south of downtown, Minnehaha Falls Regional Park features a 53-foot waterfall cascading into the Mississippi River, with limestone bluffs, walking trails, and riverfront picnic areas. Together with the historic Stone Arch Bridge and the Grand Rounds Scenic Byway, the falls illustrate how Minneapolis has long made the river — and the green spaces around it — central to its identity.
For short-term rental owners, Minneapolis offers a year-round mix of business travel, conventions downtown, major sporting events, and outdoor tourism tied to its lakes, the Mississippi River, and easy day trips to the Minnesota River Valley and the St. Croix. Few U.S. cities combine big-city amenities with such immediate access to nature, and that balance is what makes the Minneapolis market durable through every season.