Apartment rental trends have been relatively strong and steady in the Twin Cities and across the nation since 2016, according to the latest statistics compiled by RentCafe, but the numbers were last updated in February. However, new construction in Minneapolis has lowered average rents.
That's good news, according to analysts, and "a breath of fresh air" in a market that has seen rapidly increasing prices over the past five years. A corresponding decrease in affordability in a market that sorely needs housing for a growing labor market has been worrisome for the past several years. In fact, the city has recently taken steps to promote more affordable apartments by approving residential towers in former height-restricted neighborhoods, and by
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