Looking for Qualified Property Management Companies in Minneapolis, MN?

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Specialty # of Agencies
Single House or Condo 12
Apartment Buildings 12
Home Owners Association 8
Total Local Companies 22

The average rent for a 3 bedroom house in Minneapolis, MN is $1,419.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Minneapolis, MN Rental Market Overview

Low Vacancies and Surging Jobs Make Minneapolis the Hottest Midwest Rental Market
Strong job demand and a low vacancy rate placed Minneapolis among the best rental markets in the west, as well as the biggest hitters in the east in the Marcus & Millichap 2013 National Apartment Report (NAR). Minneapolis was the only Midwest market to make the top ten in the index, wedged in the middle of a bunch of West Coast markets as well as the usual East Coast giants, including New York, Boston and North New Jersey. The City of Lakes placed seventh out of 44 markets in the index, and the highest any other Midwest market ranked in 2013 was Chicago, which dropped from 17th in 2012 to 20th. The 2013 NAR forecasted vacancy rate of 2.8% in Minneapolis is one of the lowest in the nation, surpassed only by New York and Portland, Oregon.

Minneapolis Market Entry Can Be Tricky
While escalating job growth and low vacancies are key components in a landlord's market, asset location continues to be the most important, if not trickiest, consideration for buying property in Minneapolis. Most of the apartment rental demand remains centered near the Twin Cities urban core or close to large employers and major employment centers. The 2013 NAR points out that because of strong operations over a number of years, Minneapolis apartment owners seem less inclined to sell than in other markets, although the combination of escalating values and increased new apartment inventories could change this environment in the near future. In 2013 more than 2,800 new apartments were built in the area, which is more than all of the rental units completed in 2009-2011 combined. While the report anticipates that investors should move to Class B properties in ideal locations, the expectation of reduced buying activity in locations further away from the core remains similar to years past. That's one big reason why many small and independent investors consult with local Minneapolis-St. Paul property managers prior to making purchase decisions. Property management companies feature real estate professionals who often do more than screen tenants, renew leases and coordinate maintenance and repairs; they also closely follow market trends through their network of clients and associates. It's a sort of boots-on-the-ground perspective that you won't find searching online business reports. Learn more about what a Minneapolis property management company can do for you. Review our online profiles and then request your free information right now.

Top Single Family Managers

11252 86th Ave. N.
Maple Grove, MN 55369

Managing: Single-Family : Multi-Family :
Don't Pay More for Less! Experienced REALTORS, Lifetime Warranty, Re-Marketing Discounts, FREE lease renewals!

19950 Dodd Blvd , Suite 102
Lakeville, MN 55044

Managing: Single-Family :
We Warrant Every Tenant for Entire Term of the Lease & we include Handyman Repairs, Let us earn your Business.

7250 France Ave Suite 301
Minneapolis, MN 55435

Managing: Single-Family :

Top Multi-Family Managers

11252 86th Ave. N.
Maple Grove, MN 55369

Managing: Single-Family : Multi-Family :
Don't Pay More for Less! Experienced REALTORS, Lifetime Warranty, Re-Marketing Discounts, FREE lease renewals!

3165 Wild Horse Pass
Prior Lake, MN 55372

Managing: Single-Family : Multi-Family :
Personalized Service. Proven Results. We specialize in Residential Property Management services. Serving the Twin Cities.

19950 Dodd Blvd , Suite 102
Lakeville, MN 55044

Managing: Multi-Family :
We Warrant Every Tenant for Entire Term of the Lease & we include Handyman Repairs, Let us earn your Business.

Top Association Managers

7100 Madison Avenue West
Golden Valley, Greater Minneapolis, MN 55427

Managing: Association :
Is your community reaching its potential? Discover the possibilities of life with Associa..

6438 City West Parkway
Eden Prairie, MN 55344

Managing: Association :
Gassen has been providing residential management services since 1969.

10340 Viking Dr. , Suite 105
Eden Prairie, MN 55344

Managing: Single-Family : Association :
Your Minnesota Neighbor!

Additional Property Management in Minneapolis, MN

Managing: Single-Family : Multi-Family :
Locally owned and operated, offering personalized service. Careful tenant selection, turnkey service gives peace of mind!

5200 Willson Road, Suite 150
Edina, MN 55424

Managing: Single-Family : Multi-Family :
30 Years - PROPERTY MANGEMENT - Quality, Affordable, & Professional! "A" Rated BBB accredited corporate office.

305 Greeley Street S. , Suite 200
Stillwater, MN 55082

Managing: Single-Family : Multi-Family : Association :
Offering decades of experience, excellent customer service and cutting edge technology to every homeowner and association.

1561 Selby Ave
St. Paul, MN 55104

Managing: Single-Family : Multi-Family :
We will provide the personal attention your property deserves, at a price that protects your investment!

Managing: Single-Family :
Simple FLAT RATE pricing, GUARANTEED tenant within 30 days or its FREE!!

800 S. Gay Street , Suite 700
Knoxville, TN 37929

Managing: Association :
We offer REMOTE and VIRTUAL accounting services to Community Associations.

56 E Broadway Suite 200
Forest Lake, MN 55025

Managing: Multi-Family : Association :
For over 45 years we have delivered professional management services. We are proud to be a locally owned and operated!

8416 Xerxes Ave N
Brooklyn Park, MN 55444

Managing: Association :
At Genesis Property Management we don't Manage Properties...We develop relationships.

4911 Learning Lane
Red Wing, MN 55066

Managing: Commercial
Committed to developing a responsive relationship and extending prompt and courteous service.

19950 Dodd Blvd. Suite 102
Lakeville, MN 55044

Managing: Commercial
We Warrant Every Tenant for Entire Term of the Lease & we include Handyman Repairs, Let us earn your Business.


Q2 2015 Rental Ranking Report

Home to the Minnesota Vikings and the world-famous Mall of America and Mayo Clinic, the Minneapolis metropolitan area is home to far more than just polite Midwesterners and a low crime rate. Boasting exceptional artistic and cultural institutions, Minneapolis has made a name for itself as an excellent place to live, work and play. Although the Minneapolis cost of living is higher than the national average, its low unemployment rate and strong job growth makes it an excellent choice for those looking for a new place to call home.

Minneapolis the healthiest city in America by Liveability.com, and the most literate city in America by a 2015 Central Connecticut State University study.

Q2 2015 Minneapolis Rental Market Update

In Q2 2015, Minneapolis was the ninth-best Midwestern housing market to own rental properties in and 42nd-best in the country as a whole. Since Q1 2015, Minneapolis fell eight spots in the Rental Ranking Report's regional rankings for the Midwest and a whopping 34 spots in the national rankings.

Admittedly, conditions in the Minneapolis rental real estate market are far from ideal. Its low Q2 2015 annual rental price appreciation of just 2.03 percent is hardly inspiring (the average during that time period was 4.98 percent), as was its poor year-over-year property value appreciation rate of 3.60 percent (compared to the average of 5.08 percent). Minneapolis's below-average job growth seems to indicate that demand for housing is unlikely to spike there anytime soon.

Regardless, Minneapolis rental real estate can still be a lucrative investment. The capitalization rate, which compares annual rents and property values, was 6.69 percent for Minneapolis rental real estate in Q2 2015. While slightly below the national average of 6.82 percent, Minneapolis's "cap rate" is hardly unimpressive and should be enough to convince any rental property investor that rentals in the Twin Cities are a good investment. Minneapolis's low median age of inventory (51 days, almost two weeks under the national average) and middling vacancy rate should do the same.

Q1 2015 Minneapolis Rental Market Update

It shouldn't come as a surprise that the Minneapolis rental market is currently quite hot. The Q1 2015 Rental Ranking Report found Minneapolis to be the best city for rental property investment in the the Midwest and eighth-best in the U.S. as a whole. These high rankings are largely due to the fact that Minneapolis rents jumped 5.36 percent over the year ending in Q1 2015, an increase almost twice as high as the national average rental price appreciation of 2.71 percent. A fairly strong regional job market (Minneapolis experienced 2.10 percent annual job growth last quarter) contributed to the demand responsible for these steep rental price increases.

Broader housing market stats also indicate that demand for Minneapolis housing is exceptionally high. Vacancy rates there are just 4.40 percent, almost 40 percent lower than the national average of 7.12 percent. Homes for sale only stay on the market for a median of 43 days, the sixth-lowest median days of inventory in the entire U.S.

What data is this Rental Ranking Report based on?

To calculate the statistics found in the Q2 2015 Rental Ranking Report, Halby gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.

Should I invest in Minneapolis rental property?

Thinking about renting out a property in Minneapolis? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the Halby staff get quotes for you.

Halby specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.