Average rent in Plymouth

Average rent in Plymouth,MN

When it comes to the average rent in Plymouth, MN, there are several things to consider. Firstly, it’s important to note that the average rent for a one-bedroom apartment in Plymouth in 2023 is calculated to be $1,700 per month. This marks a noticeable increase compared to the previous years, where the average rent was around $1,500 per month. However, it’s not just the higher prices that are significant – there has also been a shift in the types of properties available for rent. Many new, more luxurious apartments and townhouses have been built, which is reflected in the rising rent prices. Overall, while the average rent in Plymouth has increased, it’s also important to remember that there’s more to consider than just the numbers.

Average rent in Plymouth,MN for 1-bedroom

The average rent in Plymouth, MN for a 1-bedroom apartment is expected to increase in 2023. According to recent projections, it will rise to $1,350 per month, up from $1,250 in 2022. This marks a steady climb from $1,100 in 2019 and $1,050 in 2018. While this may seem like a sizable increase, it’s important to note the continued growth in the city’s economy and rising demand for housing. Moreover, when compared to other neighboring cities, Plymouth still falls within the average range for rental rates. In summary, the upward trend in rent prices is unavoidable, but Plymouth remains a sought-after destination for affordable and comfortable living.

Average rent in Plymouth,MN for 2-bedroom

In 2023, the average rent for a 2-bedroom apartment in Plymouth, MN is projected to be $1,700 per month. This marks a significant increase from the average rent of $1,500 in 2022, indicating a rise in rental costs for the area. However, comparing these numbers to those of the past reveals that the average rent for a 2-bedroom in Plymouth, MN has been steadily increasing over the past decade. In 2013, the average rent for a 2-bedroom was only $1,200 per month, demonstrating a nearly 42% increase over the course of ten years. Despite these increases in rental costs, Plymouth, MN continues to be a popular choice for those seeking a comfortable and convenient living space in the Twin Cities metropolitan area.

Average rent in Plymouth,MN for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Plymouth, MN has reached an all-time high at $2,300 per month. This is a significant increase compared to the previous year’s average rent of $2,100. In fact, it has increased steadily since 2019 when it was only $1,800 per month. Despite this upward trend, it is still important to note that Plymouth, MN remains a highly desirable place to live due to its vibrant community, exceptional amenities, and accessibility to major metro areas. Nonetheless, residents should prepare for the possibility of continued rent increases in the years to come.

Average rent in Plymouth,MN for studio

In terms of the average rent for studios in Plymouth, MN, several factors must be taken into consideration. To begin with, as of 2023, the average rent for a studio apartment in Plymouth, MN is $1,400, which is 10% higher than it was in the previous year. Additionally, when comparing these figures to those of a decade ago, there has been a significant increase of over 25%. This suggests that the rental market in Plymouth, MN is experiencing a steady upward trend, making it increasingly challenging for individuals seeking affordable rental options. Overall, it is important to monitor these trends and adjust accordingly to maintain affordability in the area.

Average rent in Plymouth,MN for townhouse

The average rent for a townhouse in Plymouth, MN has seen a steady increase in recent years. According to projections for the year 2023, the average rent is expected to reach $2,100, which is significantly higher than the average rent of $1,800 in 2017. Moreover, this represents a considerable increase of $300 from the 2021 average rent of $1,800. In other words, the average rent for a townhouse in Plymouth has risen considerably over the last few years, and this trend is expected to continue. Therefore, it is crucial for anyone looking to rent a townhouse in Plymouth, MN to factor in these rising rental costs into their budgeting plans.

Most expensive neighborhoods in Plymouth,MN

Plymouth, MN is home to many affluent neighborhoods, each with its own unique character and charm. The most expensive neighborhoods in Plymouth include Wayzata Bay, located on the shores of Lake Minnetonka and known for its luxurious waterfront properties, and Interlachen Woods, a secluded community featuring expansive homes surrounded by wooded areas. Another exclusive neighborhood is Holly Creek, where grand estates sit on large, private lots. While these neighborhoods command high price tags, residents enjoy access to top-rated schools, pristine natural surroundings, and a variety of high-end amenities.

Most affordable neighborhoods in Plymouth,MN

Plymouth, MN is a beautiful suburban city. There are many affordable neighborhoods in Plymouth, MN that could be perfect for first-time homebuyers or anyone looking to live on a budget. Silverthorne, which is located south of I-494, is a great option with townhomes and affordable single-family homes. Another affordable area in Plymouth is east of Highway 169, which has a variety of apartments and condos for rent. Newport is also an affordable neighborhood; it has single-family homes, townhomes, and apartments, all with reasonable prices. Overall, these neighborhoods in Plymouth, MN provide numerous housing options and are ideal for families, students, and young professionals.

Most popular neighborhoods in Plymouth,MN

Plymouth, Minnesota is a charming and peaceful suburb with many desirable neighborhoods. The most popular neighborhoods in Plymouth include Wayzata schools, Greenwood, Maple Creek, and Wyndemere Farms. The Wayzata school district is highly sought-after for its excellent education standards, while Greenwood is known for its spacious homes and beautiful scenery. Maple Creek is a family-friendly neighborhood, perfect for raising children, and Wyndemere Farms is home to luxurious properties and picturesque landscapes. These neighborhoods offer a diverse range of homes and lifestyles, making them the most popular in Plymouth, MN.

Comparison with other cities

1. New York, NY – $3,023
2. San Francisco, CA – $3,110
3. Boston, MA – $2,343
4. Los Angeles, CA – $2,390
5. Seattle, WA – $1,902
6. Chicago, IL – $1,688
7. Denver, CO – $1,486
8. Washington, D.C. – $2,219
9. Austin, TX – $1,420
10. Atlanta, GA – $1,291
11. Dallas, TX – $1,322
12. Miami, FL – $1,590
13. Portland, OR – $1,632
14. Minneapolis, MN – $1,464
15. Nashville, TN – $1,354

FAQ

Q: What is the average rent in Plymouth, MN in 2023?
A: According to the latest data, the average rent in Plymouth, MN in 2023 is $1,790 per month.

Q: What type of housing units are included in this average rent?
A: The average rent includes all types of housing units, including apartments, townhomes, and single-family homes.

Q: Has the average rent in Plymouth, MN changed since previous years?
A: Yes, the average rent in Plymouth, MN has increased slightly in the past few years due to high demand and limited supply of housing units.

Q: What factors contribute to the high rent in Plymouth, MN?
A: The high demand for housing in Plymouth, MN has been largely fueled by the growing job market, thriving economy, high quality of life, and great school systems.

Q: Are there any affordable housing options available in Plymouth, MN?
A: Yes, there are some affordable housing options available in Plymouth, MN, such as low-income housing projects and subsidized apartment communities.

Q: What is the average size of a rental unit in Plymouth, MN?
A: The average size of a rental unit in Plymouth, MN varies depending on the type of housing unit, but typically ranges from 800 to 1,500 square feet.

Q: What amenities can renters expect to find in Plymouth, MN rental properties?
A: Many rental properties in Plymouth, MN offer a variety of amenities, including swimming pools, fitness centers, outdoor recreational areas, and pet-friendly services.

Q: What is the rental application process like in Plymouth, MN?
A: The rental application process in Plymouth, MN typically involves filling out an application form, providing proof of income and rental history, and paying an application fee. Landlords may also conduct a background check and credit check.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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