Minneapolis, MN Airbnb Market Data, Statistics, and Occupancy Rates

Minneapolis Short-Term Rental Market Overview

Minneapolis presents an attractive short-term rental opportunity with 1,082 active Airbnb listings and an average annual revenue of $27,833 per property. The market benefits from above-average occupancy stability and a favorable revenue-to-price ratio relative to average home values of $505,105, making it a compelling option for investors looking at Midwestern metro markets with year-round cultural, sports, and corporate demand.

Key Market Statistics

According to Rabbu market data, the Minneapolis short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Minneapolis

Minneapolis draws STR investors with its blend of steady corporate travel, a vibrant events scene, and property prices that keep the revenue-to-price ratio competitive compared to coastal markets.

Expert Market Assessment

"Minneapolis earns an "Attractive Opportunity" designation, driven by a balanced mix of demand drivers and competitive property pricing. Seasonality is the defining feature here — revenue swings from a low of roughly $1,461 in January to a high of $3,454 in August, so investors need to price and manage accordingly. The supply base is growing quickly (116% year-over-year), which bears watching, though above-average occupancy stability suggests the market is absorbing new inventory without significant rate erosion. Larger properties, particularly 5-bedroom and 6+ bedroom homes, stand out as the highest-earning configurations and face less competition in the listing pool."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Minneapolis

Average revenue by month in Minneapolis

Minneapolis exhibits strong seasonality, with August ($3,454) and July ($3,188) delivering peak revenue while January ($1,461) marks the low point — a spread of nearly $2,000 between the best and worst months. Investors should budget for quieter winter earnings and plan dynamic pricing strategies to maximize the lucrative June–August window.

Active Airbnb listings by property size in Minneapolis

One-bedroom units dominate the Minneapolis supply with 423 listings (39% of the market), followed by 2-bedroom properties at 266. Larger configurations — particularly 5-bedroom (57 listings) and 6+ bedroom (26 listings) — are significantly underrepresented, which could signal less competition and higher pricing power for investors targeting those segments.

Average daily rate (ADR) by property size in Minneapolis

ADR scales dramatically with bedroom count in Minneapolis, rising from $101 for 1-bedroom units to $583 for 6+ bedroom homes — a nearly 6x premium. The sharpest jump occurs between 4 bedrooms ($255) and 5 bedrooms ($397), suggesting that larger group-friendly properties command outsized nightly rates relative to the incremental cost of an extra bedroom.

Average RevPAN by property size in Minneapolis

Revenue per available night climbs steadily with property size, from $35 for 1-bedroom listings to a standout $221 for 6+ bedroom homes. Even after accounting for occupancy differences, larger properties generate significantly more revenue per night on the calendar, making them the strongest performers on a per-night yield basis.

Average occupancy rates by property size in Minneapolis

Occupancy rates across property sizes in Minneapolis are relatively tightly clustered between 27% and 38%, with 6+ bedroom properties (38%) and 2-bedroom units (37%) leading the pack. Five-bedroom listings show the softest occupancy at 27%, though their high ADR still translates to strong overall revenue — a trade-off investors should weigh when evaluating cash flow consistency.

Average monthly revenue by property size in Minneapolis

Monthly revenue rises steadily from $1,405 for 1-bedroom listings to $8,979 for 6+ bedroom properties, with each step up in size adding roughly $800–$1,900 in monthly income. The jump from 5-bedroom ($5,098) to 6+ bedroom ($8,979) is the most dramatic, reflecting both the premium ADR and solid 38% occupancy that larger homes enjoy.

Average annual revenue by property size in Minneapolis

Annual revenue potential ranges from $16,866 for 1-bedroom units to $107,754 for 6+ bedroom properties, with 4-bedroom listings ($49,234) offering a compelling middle ground of strong revenue without the operational complexity of the largest homes. Investors targeting maximum gross revenue will find the 6+ bedroom tier delivers nearly 4x the income of a typical 2-bedroom ($27,185), though acquisition and maintenance costs scale accordingly.

Most common amenities for Airbnb listings in Minneapolis

Parking (97%) and kitchens (97%) are essentially table stakes for Minneapolis Airbnb listings, while self check-in (87%) and in-unit laundry (82–84%) reflect strong guest expectations for convenience and autonomy. Differentiating amenities like hot tubs (7%), lake access (7%), and pet-friendliness (38%) are far less common, representing potential competitive advantages for hosts willing to invest in them.

Understanding Minneapolis's ROI Score: 65/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Minneapolis earns a 65 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" band — a market with genuine upside but not without nuances to manage. The score is buoyed by above-average occupancy stability, which signals reliable demand even through seasonal swings, while the revenue-to-price ratio and supply/demand balance rate as average, reflecting a market where returns are solid but not exceptional on a per-dollar basis. Pairing this score with thorough local regulatory research and a clear property-size strategy will help investors make the most of what Minneapolis has to offer.

Short-Term Rental Regulations in Minneapolis

Understanding local STR regulations is essential before investing in Minneapolis. Here's the current regulatory landscape:

Permit Requirements

The City of Minneapolis and the State of Minnesota may require short-term rental operators to obtain a permit or register their property before listing it on platforms like Airbnb. Investors should verify current licensing requirements directly with the Minneapolis Department of Community Planning and Economic Development and relevant state agencies.

Key Restrictions

Common STR restrictions in Minneapolis-area markets can include occupancy limits, minimum-stay requirements, noise ordinances, and off-street parking mandates. HOA and condo association rules may impose additional limitations, so investors should review covenants carefully before purchasing a property intended for short-term rental use.

Tax Obligations

Short-term rental operators in Minnesota are typically subject to state sales tax, local lodging taxes, and potentially a Minneapolis-specific convention center or tourism tax. Many booking platforms collect and remit a portion of these taxes automatically, but hosts should confirm compliance with the Minnesota Department of Revenue to avoid unexpected liabilities.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Minneapolis can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Minneapolis STR performance is expected to follow its established seasonal pattern, with summer months driving the bulk of annual revenue and winter dipping to the $1,400–$1,600 range. Occupancy rates, currently above the state average in stability, should hold steady around 32–38% depending on property size. ADR could see modest increases of 2–4% as listing supply growth (up 116% year-over-year) is absorbed by steady leisure and business travel demand. Investors entering now should plan cash reserves for the slower January–March window while capitalizing on the strong June–August peak."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Minneapolis, MN

What is the average Airbnb occupancy rate in Minneapolis?

The average occupancy rate for Airbnb listings in Minneapolis is currently 34%, which sits slightly below the Minnesota state average of 40%. Occupancy varies by property size, with 6+ bedroom properties leading at 38% and 2-bedroom units close behind at 37%. Smaller and mid-size units generally cluster in the 32–35% range, reflecting the seasonal nature of Minneapolis travel demand.

How much do Airbnb hosts make in Minneapolis?

On average, Minneapolis Airbnb hosts earn approximately $2,319 per month and $27,833 per year based on trailing 12-month booking data. Revenue varies significantly by property size — 1-bedroom listings average about $16,866 annually, while 6+ bedroom properties can generate up to $107,754. Summer months are the peak earning period, with August averaging $3,454 across all listing types.

Is Minneapolis a good market for Airbnb investment?

Minneapolis scores 65 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" tier. The market benefits from above-average occupancy stability and a reasonable revenue-to-price ratio given average home values of $505,105. Investors should be prepared for pronounced seasonality — winter months generate roughly half the revenue of peak summer months — but the overall demand profile supports a viable STR investment, especially for larger properties that command higher nightly rates.

What is the average daily rate (ADR) for Airbnb in Minneapolis?

The average daily rate for Airbnb listings in Minneapolis is $168, which is well below the Minnesota state average of $429. ADR scales sharply with property size: studios average $119 per night, while 6+ bedroom properties command $583 per night. This spread creates clear pricing tiers and allows investors to target a revenue strategy that matches their property type.

Are short-term rentals legal in Minneapolis?

Short-term rentals do operate in Minneapolis, with over 1,082 active Airbnb listings in the market. However, STR regulations can change, and the City of Minneapolis and State of Minnesota may require permits, registrations, or specific compliance measures. Investors should always verify current local rules, zoning requirements, and any applicable HOA restrictions before purchasing or listing a property.

When is peak season for Airbnb in Minneapolis?

Peak season for Airbnb in Minneapolis runs from June through August, with August generating the highest average revenue at $3,454 per month. July ($3,188) and June ($2,815) round out the summer peak. The slowest months are January ($1,461) and March ($1,550), creating a roughly 2.4x revenue swing between peak and off-peak periods that investors should factor into their cash flow planning.

How many Airbnbs are there in Minneapolis?

There are currently 1,082 active Airbnb listings in Minneapolis as of April 2026. The supply has grown significantly, with a 116% year-over-year increase in active listings. One-bedroom properties make up the largest segment with 423 listings, followed by 2-bedroom units (266) and 3-bedroom properties (154). Larger properties with 5+ bedrooms remain a smaller portion of the market, with only 83 combined listings.

How is Airbnb revenue calculated in Minneapolis?

The annual and monthly revenue figures shown for Minneapolis are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, location within the market, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts by market and property size
• Average daily rate, occupancy, and RevPAN metrics tracked over time
• Monthly and annual revenue estimates based on trailing 12-month booking performance
• Home value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Data aggregated from multiple providers and proprietary Rabbu analytics for consistency

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month performance as of the dates noted and may not capture very recent market shifts. Local regulations, tax obligations, and permit requirements change frequently — investors should verify current rules with Minneapolis and Minnesota authorities before purchasing.