Minneapolis

As of May 2026, Minneapolis, St. Paul, Bloomington, Stillwater have 3,529 active Airbnb and VRBO listings. This represents a 6% decrease from the previous year.

The average Airbnb or VRBO in Minneapolis generates $37K per year. High-performing properties earn $73K/year, while low-performing properties earn $15K/year. This significant spread highlights a bifurcated market where top-tier assets capture outsized returns, while the lower end struggles with the current 39% occupancy baseline.

Average home prices in Minneapolis vary by property size: 1-bedroom properties cost approximately $182K, 2-bedroom homes average $293K, 3-bedroom properties are around $389K, and 4+ bedroom homes average $469K. These prices reflect median home values across the Minneapolis, St. Paul, Bloomington, Stillwater area.

Airbnb and VRBO can be profitable in Minneapolis, with an average gross yield of 9% across all properties. High-performing properties achieve yields up to 17%, which is considered top for short-term rental investment. The gap suggests that yield potential is highly sensitive to operational efficiency rather than broad market trends.

The average occupancy rate for Airbnbs and VRBOs in Minneapolis is 39%. This occupancy level, combined with an average nightly rate of $242, results in a RevPAR (revenue per available room) of $69 per day.

4+ bedroom properties demonstrate the strongest performance in Minneapolis, with an average gross yield of 13% and annual revenue of $66K. These properties balance purchase price ($469K), operating costs, and rental demand most effectively in the Minneapolis market.

Short-term rental regulations vary by jurisdiction in the Minneapolis area. Minneapolis: Strict. License required, owner-occupancy mandatory, 90-day annual cap for non-owner-occupied. Active enforcement with compliance checks and fines. St. Paul: Strict. License required, owner-occupancy mandatory, primary residence only. Active enforcement with inspections and penalties. Bloomington: Moderate. License required, owner-occupancy mandatory, zoning restrictions. Moderate enforcement, complaint-driven. Stillwater: Strict. License required, owner-occupancy mandatory, density caps by neighborhood. Active enforcement in historic district. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Minneapolis Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 6% year-over-year, while RevPAR has decreased 4%. This indicates balanced supply-demand dynamics where the contraction in inventory is largely offsetting the downward pressure on revenue per available unit.

Launch around April, 2-3 months before peak summer season (July peaks). This pre-peak timing lets you build reviews when competition is 6% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (March-February) when gaining traction is harder.

The most common amenities in Minneapolis listings include: Air Conditioning (98%), Kitchen (95%), Tv (89%), Washing Machine (82%), Heating (76%). Amenities that boost revenue the most include Hot Tub, Washing Machine, Air Conditioning, with Hot Tub properties earning approximately 50% more ($77K/year vs $51K/year).

Monthly estimated revenue per listing in Minneapolis over the last 12 months: May: $2K, June: $3K, July: $3K, August: $3K, September: $2K, October: $2K, November: $2K, December: $2K, January: $1K, February: $1K, March: $2K, April: $2K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Minneapolis is $242, up 20% year-over-year. By property size: 1-bedroom properties average $128/night, 2-bedroom properties average $185/night, 3-bedroom properties average $278/night, 4+ bedroom properties average $468/night. Rates peak in July and are lowest in February.

Guests in Minneapolis book an average of 32 days in advance, down 19% from last year. By property size: 1-bedroom: 27 days, 2-bedroom: 31 days, 3-bedroom: 36 days, 4+ bedroom: 41 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Minneapolis Airbnb and VRBO market has seen the following changes: supply declined 6%, revenue per listing decreased 4%, occupancy fell 7%, average nightly rates increased 20%, and lead time decreased 19%. These indicators reveal a market shifting toward shorter booking windows and higher price sensitivity among remaining travelers.

In Minneapolis, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 48% higher occupancy than weekdays.