Minneapolis, Minnesota Airbnb Market Data 2026

What does a Minneapolis Airbnb bring in, and how many of them are you allowed to run?

The first question has a range for an answer, with the median active listing inside the city at $24,260 for the year, but the second comes down to one rule. The City of Minneapolis, in Hennepin County, Minnesota, licenses short-term rentals instead of banning them, and living in the property isn't a condition, which is more than a lot of big cities allow. What it limits is the count. Inside Minneapolis, most owners can rent out their own home and hold one licensed short-term rental on top of it, and that limit follows you across limited liability companies, so a second LLC doesn't get you a second rental.

Keep in mind that the cap and every other city rule stop at the Minneapolis line, while the market BNBCalc tracks runs well past it. Most of its listings sit outside the city, in St. Paul, the suburbs and the towns further out, including Blaine and Minnetonka, the two highest earners among the suburbs with the most listings, and each of those cities sets its own rules. So inside Minneapolis you're picking one address and asking whether it stands on its own, whereas out in the suburbs you'll want that city's rulebook in front of you first.

How Much Do Minneapolis Airbnbs Earn in 2026?

That $24,260 is the median across the city's active whole-home listings over the last twelve months, against $26,182 across the rest of the Minneapolis market, and the city's top quarter of listings starts at $33,743. Outside the city the top quarter starts at $39,955, so the suburbs pay a little more in the middle and noticeably more at the top.

Size explains a lot of that spread. Look at BNBCalc's bedroom breakdown for this market and bedrooms pay, though not in a straight line: studios return the least against what they cost, one- to three-bedrooms land close together, and the four-plus-bedroom homes return the most. Getting the size right counts for more in Minneapolis, because inside the city you only get one licensed rental besides your home, so you can't buy three and let the good ones average out a mistake.

The revenue ranges overlap, though, so size isn't destiny. The strongest one-bedrooms in BNBCalc's data out-earn the weakest homes with four or more bedrooms, and most of that comes down to the block you buy on and how tightly you run the place, both of which you get to decide.

There's a trade underneath it, too. From two bedrooms up, bigger homes fill fewer of their nights and charge a good deal more for each one, so a four-bedroom's revenue leans on its rate while a one- or two-bedroom's leans on occupancy, and those two sizes run the highest occupancy in the market. If you'd rather count on steady bookings than defend a high nightly rate, that's where to look.

You'll also be pricing against professionals. A large share of listings across the Minneapolis market are run by professional hosts, which sounds odd beside a one-rental cap until you remember that the cap stops at the city line, and fewer than half of this market's listings are inside it. If you'd rather hand over the turnovers, the Minneapolis property management roundup covers the local firms, though remember the license stays in the owner's name whoever does the cleaning.

As for a target, I'd aim at the city's top quarter and underwrite closer to the median, since the gap between the two is mostly operating work you haven't done yet.

Is the Minneapolis Airbnb Market Oversaturated?

Getting into that top quarter gets harder if the Minneapolis market is filling up, and on that question this year's data can't give you a verdict.

Metric	Year-over-year change
Average nightly rate	+21%
Purchase price	+2%
Booking lead time	Down
Occupancy	−9%

BNBCalc data across every listing tracked in the Minneapolis market, for September 2025 through August 2026 set against September 2024 through August 2025. Every change is rounded and measured against last year's level, so occupancy's 9% drop works out to about three and a half percentage points. Booking lead time shows a direction only, because the size of that change isn't settled. Active listings are left out because two different twelve-month windows disagree about which way the count went. Purchase price tracks home values rather than listings.

Supply is the measure that would settle it, but two twelve-month windows of BNBCalc's listing count point in opposite directions, so I'd rather say plainly that the data can't settle it yet than pick the answer I liked better.

What the rest of the table shows is hosts getting more per night and selling fewer nights. Rates ran about 21% higher over the twelve months while occupancy slid about 9%, and my read is that this looks more like pricing running ahead of demand than a flood of new listings, because a crowded market usually shows hosts cutting rates to win bookings. It's a read, though, not a verdict, because the listing count that would confirm it isn't there.

So watch the thing you can see for yourself. Pick a handful of listings that match what you'd buy, on the streets you'd buy on, and check how full their calendars run, then check again in a few months. If their occupancy keeps sliding, you'll know before any annual figure tells you.

Guests are also booking later than they did a year ago, and on average they now book about 33 days out, so leave your minimum-stay rule loose enough that a last-minute reservation can still land.

When Is Minneapolis's Peak Airbnb Season?

A last-minute booking is far easier to catch in July than in February, because the Minneapolis market doesn't spread its demand evenly across the year.

Month	Occupancy	Avg nightly rate
Sep 2025	40%	$248
Oct 2025	41%	$245
Nov 2025	34%	$249
Dec 2025	31%	$258
Jan 2026	27%	$226
Feb 2026	24%	$210
Mar 2026	30%	$216
Apr 2026	35%	$225
May 2026	41%	$260
Jun 2026	50%	$302
Jul 2026	54%	$327
Aug 2026	51%	$297

BNBCalc market data across every listing in the Minneapolis market, one row per month for September 2025 through August 2026. Occupancy and nightly rate are averaged separately, so don't multiply them together.

Peak season is June, July and August, the only three months that fill half their nights or better, and July leads both columns at 54% occupancy and a $327 average rate. February sits at the bottom of both, at 24% and $210, and that's where a Minneapolis pro forma usually goes wrong.

From December through March, not one month fills a third of its nights, so a budget built on an average month will overstate those four badly and understate the summer at the same time.

Compare the two columns and the season turns out to be mostly a demand story. Occupancy more than doubles from February to July, while the nightly rate over the same stretch climbs about 56%, so across the year bookings swing much further than rates do.

Inside the week the swing is sharper still. Occupancy on a Saturday sits about 30% over an average day and on a Friday about 27%, while Mondays and Tuesdays land roughly 20% under it. The rate moves far less, running about 16% over on Fridays and 17% on Saturdays and only about 9% under on Mondays and Tuesdays. Since pricing moves less than demand at both ends of the week, weekend rates look like they have room to rise.

Where Should You Buy an Airbnb in Minneapolis?

Before you choose a street, there's a boundary question to settle. Most of what BNBCalc tracks in the Minneapolis market sits outside Minneapolis itself, spread across St. Paul and places from Richfield and Plymouth out to Stillwater and Northfield, so the city gets its own table, by neighborhood, and the rest of the market gets a second one, by city or town. The two use different boundaries, so don't read them as one ranking.

Inside the City of Minneapolis

So inside the city, this is how the fifteen highest-earning neighborhoods line up on median annual revenue.

Rank	Neighborhood	Median annual revenue	Median nightly rate	Median occupancy	75th-percentile revenue	Median bedrooms
1	Linden Hills	$34,103	$340	31%	$47,739	2.5
2	Windom	$32,102	$237	33%	$35,755	3
3	Como	$30,525	$340	29%	$45,033	4
4	Ericsson	$30,504	$267	32%	$53,637	3
5	Steven's Square - Loring Heights	$30,100	$191	41%	$40,034	1.5
6	Sheridan	$29,236	$243	30%	$42,717	2
7	Downtown West	$28,971	$246	31%	$38,290	2
8	Holland	$28,834	$237	32%	$35,242	3
9	Fulton	$28,272	$281	30%	$34,394	3
10	North Loop	$28,212	$234	33%	$36,433	1
11	St. Anthony West	$27,770	$184	44%	$34,476	1
12	Keewaydin	$27,696	$235	34%	$39,697	2.5
13	Lynnhurst	$27,407	$272	31%	$39,917	3
14	East Isles	$26,695	$235	30%	$50,612	3
15	East Harriet	$26,397	$240	30%	$42,494	3

BNBCalc 2026 listing data inside the City of Minneapolis official neighborhood boundaries, trailing twelve months as of September 2026, for active whole-home listings (open at least 127 nights a year and booked at least 30% of them), the same population as every median in the earnings section. Revenue, rate, occupancy and bedrooms are medians, where a half means the two middle listings differ in size, and the 75th percentile is the point where a neighborhood's top quarter of listings begins. Each column is worked out separately, so they don't multiply, and neighborhoods too thin to measure reliably are left out. Occupancy here is the median of each listing's own rate, which is measured differently from the monthly figures, so don't set the two side by side.

The top four, Linden Hills, Windom, Como and Ericsson, are neighborhoods where the typical listing has three bedrooms or close to it, and four in Como, so a good part of what puts them there is size. Linden Hills is the row I'd spend the most time on, since it rests on one of the deeper samples in the table and leads it at $34,103, while its $340 median rate ties Como's for the highest.

Two other rows show the opposite trade. St. Anthony West posts the highest median occupancy in the table, 44%, and Steven's Square - Loring Heights the next highest, 41%, on the two lowest median rates. If steady bookings suit you better than big ones, those are the streets that deliver them.

North Loop is where the one-bedroom neighborhoods top out. Of the rows whose typical listing is a one-bedroom, it leads at $28,212, just ahead of St. Anthony West, so the address is doing work there that the unit's size can't.

East Isles is the row to look at if you back yourself to out-operate the average host. Its top quarter starts at $50,612 against a $26,695 median, and no other row in the table separates its middle listing from its best quarter by that much, so a strong operator there pulls a long way clear of an average one. It's also one of the thinner rows, so treat the width of that gap as a hint and not a guarantee.

And don't assume a university does the work for you. Marcy Holmes, next to the University of Minnesota, posts the lowest median of any Minneapolis neighborhood with enough listings to measure, $12,924 on a $126 median rate, and my guess is that student housing and nightly rentals want different things from a building.

What none of these rows shows is what it's like to stand on those streets, and the best Minneapolis neighborhoods for Airbnb takes on that part of the decision.

The Rest of the Market

Across the whole Minneapolis market, these are the nine cities and towns with the most listings, ranked by median revenue.

Rank	City or area	Median annual revenue	Median nightly rate	Median occupancy	75th-percentile revenue	Median bedrooms
1	Blaine	$45,582	$475	30%	$57,766	4
2	Minnetonka	$44,249	$416	30%	$56,269	3
3	Plymouth	$37,008	$340	32%	$45,837	3
4	Richfield	$35,831	$315	32%	$48,261	4
5	Stillwater	$34,434	$305	30%	$48,227	2
6	Forest Lake	$34,043	$355	29%	$46,483	3.5
7	Minneapolis	$24,260	$211	32%	$33,743	2
8	St. Paul	$21,776	$199	32%	$32,365	2
9	Northfield	$21,716	$212	29%	$26,873	1

BNBCalc 2026 listing data inside US Census place boundaries, trailing twelve months as of September 2026, for the nine places in the Minneapolis market with the most active whole-home listings. Every column except the 75th percentile is a median, each worked out separately, and occupancy is again the median of each listing's own rate, so keep it away from the monthly figures.

Minneapolis lands seventh of nine there and St. Paul eighth, which looks damning until you check what's being rented. Blaine and Richfield are renting four-bedroom homes, Forest Lake three to four bedrooms, and Minnetonka and Plymouth three, against two bedrooms in both core cities, so a fair slice of the distance down that column is floor area rather than address. Stillwater breaks the pattern: its typical listing is a two-bedroom, same as Minneapolis's, yet it charges $305 a night against the city's $211, which is what a weekend river town can do to a rate. Northfield makes the point from the other end, because it's a college town south of the metro whose typical listing is a one-bedroom, and it lands beside St. Paul rather than up among the suburbs.

Occupancy barely moves down the column, from 29% to 32%, whether the listing sits in Blaine or in St. Paul. What changes from one place to the next is the nightly rate and the size of the home, so moving further out doesn't buy you fuller nights, it buys you a bigger property charging more for each one.

Where the occupancy holds steady, the rules don't, since Minneapolis's rulebook stops at the city line. St. Paul licenses short-term rentals on its own terms, and the St. Paul short-term rental guide walks through them. Plymouth requires its own license, an inspection and a city training course, and each of the other suburbs sets its own rules, so check the city you're buying in before you lean on any of these numbers.

Which Amenities Make the Most Money in Minneapolis?

Once the address is picked, the fit-out comes next, and the amenity that stands out across the Minneapolis market caught me off guard. BNBCalc's current amenity model ties an EV charger to about 24% more revenue here, which isn't what I'd have guessed in a city with this kind of winter, and on a two-bedroom the link is stronger still, at about 38%, so on a two-bedroom that's the box to tick before almost anything else.

At other sizes a different amenity leads, with a sauna on top for one-bedrooms at about 22% more revenue, a hot tub doing the same for three-bedrooms, also at about 22%, and a pool leading homes with four or more bedrooms at about 29%. Lake access, a barbecue and a pets-allowed policy also show a measurable lift here, so if a place already has one, count it as a plus.

Beyond what goes inside, the other lever is the cleaning fee, and roughly half the market leaves it alone. As of September 2026, 49% of listings across the Minneapolis market charged one, averaging about $121 where they did, and averaged over all listings, the ones without a fee too, that comes to roughly $1,880 a listing a year. Nearly all of it leaves again with the cleaner, so think of the fee as billing for the turnover rather than as margin.

Is Airbnb Legal in Minneapolis?

Yes, it's legal, and Minneapolis is more open about it than most big cities, because living on site isn't a requirement here. Whether you do still matters, though, since it decides which of three paths you're on.

As the city's rules stand in September 2026, any stay of 30 days or less that you charge rent for counts as a short-term rental, whether the booking comes through Airbnb, Vrbo or anywhere else. Renting a room in your home while you stay there needs nothing from the city. Renting out your homestead, meaning the home you own and live in, while you're away needs a short-term rental registration. And if you don't live in the property at all, the city calls it non-homestead, and renting it needs a short-term rental license, which is the path an investor wants. Anything longer than 30 days needs a regular rental license instead.

That license path is where the cap sits. In a building of fewer than 20 units, the city code won't let an owner hold, or hold an interest in, more than one licensed short-term rental, and the city applies that across limited liability companies, including owners who hold several of them. So for most owners inside Minneapolis the total is your own home plus one licensed rental, and the application asks for your LLC's Articles of Organization, listing who owns it, so the city can check. The one exception is a homesteaded triplex, or a homesteaded duplex with an approved ADU, where the code lets the owner who lives there license the other units in the same building.

Buildings of 20 units or more follow a different rule, under which short-term rentals can't take up more than 10% of the units, although condominium buildings are exempt from that one. The city's own pages and its code don't line up on whether the one-unit cap also applies in buildings that size, so if that's what you're looking at, get the answer from the city before you buy.

Two more limits apply to every short-term rental in the city. Guest count tops out at ten, and the city says outright that ten is a ceiling rather than an entitlement, so a big house doesn't automatically get ten guests. And a property the city rates Tier 3, its grade for buildings it presumes aren't well maintained, can't be used as a short-term rental at all.

Unfortunately the paperwork for a license is heavy. You'll need a management plan covering noise, trash, parking during a snow emergency, your maintenance response and how city staff reach you at any hour, plus a floor plan showing the exits, a pre-inspection checklist, and a letter to every owner, tenant and occupant in the building or within 50 feet of your property line. Make sure to leave time for that last one, since your neighbors hear you're applying before your listing ever goes live.

Insurance has a floor, too. The city code requires at least $300,000 in liability coverage, unless all of your bookings go through a platform that provides the same or more, and that goes for registered homes as well as licensed ones. And if you live more than 60 driving miles away, or outside the list of nearby counties the city accepts, you need a notarized emergency contact who can reach the property.

On money, a license runs on the same tiered schedule as any Minneapolis rental license. For a building of one to three units at Tier 1, the grade for properties with the fewest issues, that's $98 for the building plus $41 per unit, and it climbs from there. A first conversion inspection is $1,000, though the city gives $250 of it back if you take its property management workshop, and a change-of-ownership inspection is $450. Licenses all expire on March 1, so applying between September and the end of February halves that first year's fee, and a renewal filed after March 15 picks up a 25% late charge. I couldn't find the registration fee for the homestead path on any city page, so call Regulatory Services rather than budgeting around a number you read somewhere else.

Once you're set up, the license or registration number has to appear on every ad and listing, and six things have to be posted inside the unit where a guest will see them: an emergency contact who answers at all hours, contact details for you or your agent, the street address, a floor plan showing the fire exits, how to reach the city's 311 line, and the registration or license number.

Enforcement has more than one handle, because the city licenses the booking platforms as well. A platform like Airbnb or Vrbo needs a Minneapolis license of its own, good for no more than a year at a time, which gives the city a second place to spot a listing that never registered. On the host side, the standard civil fine for a housing-code violation is $250, running a rental without a license is $500, and a second offense of the same type within 24 months doubles whatever the previous fine was, up to a $2,000 ceiling per violation. Occupying a property after its license is revoked is $2,000 by itself.

Then there's tax, and it's added to a guest's bill instead of eating into your nightly rate. A Minneapolis booking carries 12.025% on top: 6.875% state sales tax, 0.15% Hennepin County, 0.5% Hennepin County transit, 0.25% Metro Area housing, 0.75% Metro Area transportation, 0.5% for the city, and a 3% Minneapolis entertainment tax that the state's Department of Revenue applies to short-term lodging inside the city limits. Don't confuse that last one with the separate 3% Minneapolis lodging tax, which only reaches places of more than 50 rooms.

Booking platforms that take the guest's payment are required by state law to collect Minnesota sales tax on the stays they handle and pay it to the state, and Minneapolis makes that a condition of each platform's city license, so a booking you take directly, with no platform in the middle, is the one you'd collect and file on yourself. If you'd like the filing steps, BNBCalc's Minnesota short-term rental tax guide lays them out.

None of these rules reach past the Minneapolis city line, so if you're buying in St. Paul or a suburb, that city's rules apply instead. For the full Minneapolis process, with the forms, the offices and the contacts, it's all in the Minneapolis short-term rental regulation guide.

Where Do These Minneapolis Airbnb Numbers Come From?

The forms and the phone numbers live in that guide, while the market numbers throughout come out of BNBCalc Markets, the side of the product aimed at anyone still choosing a market rather than a house. Open Minneapolis there and a revenue heatmap lays earnings straight onto the market's map, shading the stretches that earn more against the ones that earn less. Given how far this market spreads past the city line, that's the view I'd use to see which direction out of downtown the money runs.

How Do You Estimate Airbnb Revenue for a Minneapolis Property?

A map narrows the search, but it can't price a house. The Minneapolis market page is the place to start, since its revenue, occupancy and seasonality figures move with each refresh. If you haven't settled on the state yet, the best Minnesota markets by gross yield lines this market up against the rest by a year's revenue set against what a home costs. Once you've settled on an address, feed the real purchase price, the financing and the running costs into BNBCalc and see what's left.

Then hold whatever comes back against four Minneapolis facts. The cap comes first, because inside the city one licensed rental besides your home means this deal can't lean on a second one to carry a bad year. Winter comes next, since December through March each fill under a third of their nights and February manages 24% at a $210 average rate. After that, keep the 12.025% in the picture when you price, because a guest pays it on top of whatever rate and cleaning charge you set. And last, leave another rate year like this one out of the model, because a jump of about 21% across a whole market isn't something I'd bank on twice.

Frequently Asked Questions

What Is the Average Airbnb Income in Minneapolis?

The median active whole-home listing inside Minneapolis city limits took in $24,260 over the trailing twelve months, against $26,182 across the rest of the Minneapolis market, according to BNBCalc listing data as of September 2026. A city listing needs $33,743 to reach the top quarter, and the best one-bedrooms in BNBCalc's data out-earn the weakest homes with four or more bedrooms, so the block and the operator matter as much as the size.

Is Airbnb Still Profitable in Minneapolis in 2026?

It can be, although the year pulled in two directions at once. Across every listing tracked in the Minneapolis market, nightly rates averaged about 21% higher between September 2025 and August 2026 than in the twelve months before, while occupancy came in about 9% lower. Home prices rose about 2%. What a single property clears still turns on its price, its size and its running costs, and inside Minneapolis on the cap of one licensed short-term rental besides your own home.

What Is the Best Month for Airbnb in Minneapolis?

July 2026 led the Minneapolis market on both measures, at 54% occupancy and a $327 average nightly rate, while February sat at the bottom of both, at 24% and $210. June, July and August were the only months to fill half their nights or more, and from December through March no month reached a third. Across the week, Fridays and Saturdays are the busiest nights.

Do You Need a License to Run an Airbnb in Minneapolis?

Inside Minneapolis, yes, unless you're renting a room in a home you're staying in. Renting out your homestead while you're away needs a short-term rental registration, and renting a property you don't live in needs a short-term rental license, along with a management plan, a floor plan, a pre-inspection checklist and a notification letter to neighbors within 50 feet. Either way, the number goes on the listing, and the city code requires $300,000 in liability coverage or a booking platform that provides as much.

Can You Buy an Investment Property in Minneapolis and Run It as an Airbnb?

Yes, but only one, on top of the home you live in. In buildings of fewer than 20 units, Minneapolis code limits each owner to a single licensed short-term rental, and the city applies that across limited liability companies, including owners who control more than one. The exception is a homesteaded triplex, or a homesteaded duplex with an approved ADU, where the owner can license the other units. In buildings of 20 units or more, short-term rentals are capped at 10% of the units, with condominiums exempt. The suburbs set their own rules.

Which Minneapolis Neighborhood Is Best for Short-Term Rentals?

It depends on the home. Linden Hills posts the highest median in the city at $34,103, followed by Windom at $32,102, and in both the typical listing has three bedrooms or close to it. St. Anthony West fills the most nights, 44%, on the cheapest median rate among the fifteen top earners. North Loop leads the one-bedroom neighborhoods at $28,212. All of those are 2026 medians from BNBCalc listing data, grouped by the boundaries Minneapolis draws for itself.

How Much Is the Airbnb Tax in Minneapolis?

Guests on a Minneapolis short-term rental pay 12.025% on top of the booking: 6.875% state sales tax, 0.15% Hennepin County, 0.5% Hennepin County transit, 0.25% Metro Area housing, 0.75% Metro Area transportation, 0.5% Minneapolis sales tax and a 3% Minneapolis entertainment tax that covers short-term lodging in the city. The Minnesota Department of Revenue administers all seven, and booking platforms that take the guest's payment must collect Minnesota sales tax on those stays and pay it to the state. The separate 3% Minneapolis lodging tax applies only to places with more than 50 rooms.

How Many Airbnbs Can One Owner Have in Minneapolis?

For most owners, one besides the home they live in. In buildings of fewer than 20 units, Minneapolis caps every owner at a single licensed non-homestead short-term rental, and the cap covers limited liability companies, so setting up another entity doesn't create room for another unit. The exception is a homesteaded triplex or a homesteaded duplex with an approved ADU, where the owner who lives there can license the other units. Anything else you own can only be rented for longer than 30 days, under a regular rental license. St. Paul and the suburbs, where much of the Minneapolis market sits, set their own limits.