Minneapolis, Minnesota Short Term Rental Regulations
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Reviewed by Karolyn Hutson
Last updated August 23, 2023
Minneapolis Short-Term Rental Regulations
Information is maintained by the community to provide helpful insights and links to local regulations, HostScouts does not provide legal or investment advice.
City Code of Ordinances
Depending on the kind of short-term rental, the City of Minneapolis allows short-term rental operations with registration or rental license. There are several short-term listing types in Minneapolis, each with its specifications. Listing types include:- Room
- Homesteaded unit or condo
- Non-homesteaded units in a building with less than 20 units
- Non-homesteaded units in a building with 20 or more units
Business License Requirements
Short-term rentals need to apply for a Short-term Rental License. View this STR - Short-term Rental Packet for:- Application form
- Management plan
- Neighbor notification letter example
- Sample floor plan requirements
- Rental license inspection checklist
Building and Housing Standards
Warren has rules and regulations that specify minimum building, design, maintenance standards, habitability, health, and safety requirements. Some rules and regulations that apply to residential and non-residential properties may apply to your listing. Consult Community Planning & Economic Development for more information.Tourist and Local Taxes
Short-term rentals might also be subjected to the city, state, and county sales tax and are liable for payment as established by the city, state and county law.Other Rules
It is also essential to understand and abide by other contracts or rules that bind you, such as leases, condo boards, co-op rules, HOA rules, or rules established by tenant organizations. Please read your lease agreement and check with your landlord if applicable. Visit the City of Minneapolis for more information.Is something not quite right? Registered users can suggest changes to this guide.
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Short Term City Rating5.3
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Competition
4.4 -
Real Estate Cost
7.8 -
STR Regulations
4.0 -
Seasonality
5.9 -
Rental Rates
4.3
Minneapolis, Minnesota Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 429,954
- STR License Required
- Yes
- Tourist Season
- County
- Hennepin
- Airports
- Minneapolis-Saint Paul International Airport (MSP)
- Crystal Airport (MIC)
Want to learn more about Minneapolis?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Minneapolis rental analytics guide if you're interested in data on the Minneapolis rental market.
Review the popular activities that hosts include in their property positing in Minneapolis.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Minneapolis guests.
Interested in other Minnesota cities?
Check out the Minnesota short term rental regulations directory
What makes Minneapolis a great place to invest?
- Rich Cultural Scene: Minneapolis boasts a vibrant and diverse cultural scene that includes world-class museums, such as the Walker Art Center and the Minneapolis Institute of Art, as well as the Guthrie Theater, which hosts contemporary and classic plays. The city's live music scene is thriving, with iconic venues like First Avenue, where the legendary musician Prince once played.
- Chain of Lakes: Outdoor enthusiasts will love exploring the picturesque Chain of Lakes, consisting of five large lakes connected by trails and waterways. Visitors can enjoy biking, walking, or running along the scenic pathways or rent kayaks, canoes, or paddleboards to explore the lakes' serene waters.
- Mall of America: Minneapolis is home to the largest shopping mall in the United States, the Mall of America. This massive complex features over 500 stores, an indoor amusement park called Nickelodeon Universe, SEA LIFE Minnesota Aquarium, and a wide range of dining options, providing entertainment for the whole family.
- Sports Extravaganza: Sports fans will be thrilled with Minneapolis' dynamic sports scene, as the city is home to professional teams in several major sports, including the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA). Catch a game at the state-of-the-art U.S. Bank Stadium or Target Field.
- Minnehaha Regional Park: This beautiful park is a must-see for nature lovers visiting Minneapolis. Its main attraction is the stunning 53-foot Minnehaha Falls, which can be reached by a picturesque walking trail. The park also offers a variety of outdoor activities, such as picnicking, biking, and disc golf, as well as seasonal events and public art installations.
- Innovative Food Scene: Minneapolis is a haven for foodies, offering a diverse and innovative culinary landscape. From delicious food trucks to farm-to-table eateries and award-winning restaurants, the city's dining options cater to all tastes. Be sure to try the Juicy Lucy, a cheese-stuffed hamburger that's a local favorite, and explore the bustling Midtown Global Market for a taste of international cuisine.
Minneapolis Nearby Cities
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8 miles away
- Rating: 6.3
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9 miles away
- Rating: 5.8
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Local Real Estate
How expensive is the real estate in Minneapolis?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Minneapolis has decreased -4% over the past year, and the average price per square foot is $223, which is lower than the national average.
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Median Sale Price
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$343,123
-4% YoY
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Median per Square Foot
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$223
-3% YoY
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Average Monthly Rent
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$1,552
3% YoY
The most common terms hosts include in their listings for Minneapolis, Minnesota
Common terms for Minneapolis short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Minneapolis has a description approximately 1,686 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 2,785 listings in Minneapolis, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Minneapoli, Block, Comfortable, Walking, Cozy, NumberSTR, Quiet, Place, Downtown, and Downtown Minneapolis.
What are the most popular tourist activities in Minneapolis?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Minneapolis involve Museums, the City Centre, Cycling, Adventure Activities, and the Health Spa. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Museums
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City Centre
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Cycling
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Adventure Activities
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Health Spa
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Swimming
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Antiquing
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Zoo
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Sledding
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Boating
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Hiking
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Ice Skating
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Minneapolis, including U.S. Bank Stadium, Target Field, Minnesota State Fairgrounds, Minneapolis Convention Center, and Target Center. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Regional Landmark
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Minneapolis Institute of Arts
Included on 65% of listings
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Regional Landmark
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University of St. Thomas
Included on 65% of listings
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Well Known Attraction
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U.S. Bank Stadium
Included on 65% of listings
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Well Known Attraction
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Target Field
Included on 65% of listings
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Well Known Attraction
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Target Center
Included on 65% of listings
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Regional Landmark
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Huntington Bank Stadium
Included on 65% of listings
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Well Known Attraction
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Minnesota State Fairgrounds
Included on 65% of listings
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Regional Landmark
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Allianz Field
Included on 65% of listings
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Regional Landmark
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The Armory
Included on 64% of listings
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Well Known Attraction
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Minneapolis Convention Center
Included on 64% of listings
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Well Known Attraction
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Como Park Zoo and Conservatory
Included on 64% of listings
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Regional Landmark
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Nicollet Mall
Included on 64% of listings
What’s the weather like in Minneapolis, Minnesota?
The weather is generally milder than the national average, with an average high temperature of around 55°, while the average low is about 39°. It has normal rainfall, averaging about 25 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 20 inches per year. The humidity levels in Minneapolis are generally lower than the national average, and the city has a mix of clouds and sunshine for most of the year.
Winter
December through February
13° Low 27° High
Spring
March through May
38° Low 57° High
Summer
June through August
62° Low 81° High
Fall
September through November
41° Low 57° High
Cities Near Minneapolis
Minneapolis, Minnesota, is located in Hennepin County. Some cities that are located nearby include:
