Biggest apartment rent increases are in outstate Minnesota

Nine outstate Minnesota counties have seen rent increases of 30 percent of more since 2000

August 19, 2015 at 4:05PM
(The Minnesota Star Tribune)

Rising apartment rents aren't just an urban phenomenon. The ten counties with the steepest rent increases are all in outstate Minnesota, according to a report on the state of the rental market in Minnesota released Tuesday morning by the Minnesota Housing Partnership. The wide-ranging report says that nine outstate counties have seen rent increases of 30 percent or more since 2000. At the same time, the median renter income across the state has fallen 17 percent. Heres a link to the full report, which documents challenging conditions, including a shortage of new units for very low income renters, across the state.

(The Minnesota Star Tribune)
about the writer

about the writer

Jim Buchta

Reporter

Jim Buchta has covered real estate for the Star Tribune for several years. He also has covered energy, small business, consumer affairs and travel.

See Moreicon

More from Business

See More
card image
card image