Rent Your Vacation Home or Condo in Minneapolis, Minnesota

Positive vacation rental trends in Minneapolis, Minnesota are on the rise. With an average of 1.1 million visitors per day, Minneapolis offers visitors a wide range of things to do and see. From historic neighborhoods and museums to outdoor activities and lakeside dining, Minneapolis is sure to please any visitor looking for a fun-filled getaway. With its many attractions, it is no surprise that Minneapolis is also home to many vacation rental properties. Vacation rental properties can be found throughout the city, from secluded downtown lofts to sprawling beachfront properties. And with short-term rentals becoming more common, there are more opportunities to find the perfect property for your needs. For those who are new to short-term vacation rentals, there are a few things to keep in mind when renting out your home. First, make sure you understand the rules and regulations around short-term rentals in Minneapolis. Second, make sure that you have all the appropriate permits and licenses before renting out your home as a short-term vacation rental.

When partnering with RedAwning for your property management needs, we can make sure your Minneapolis rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Minneapolis

During the month of January, Minneapolis and areas including Powderhorn, Calhoun Isles, Northeast, Southwest, University, Dowtown West, Lowry Hill East, Whittier, Loring Park, Near North, Warehouse District, Elliot Park, Marcy-Holmes, Downtown East, CARAG, Lyndale, Linden Hills, Powderhorn Park, Prospect Park, Seward, Ventura Village, Kingfield, Stevens Square-Loring Heights, Standish, Lowry Hill, Holland, East Calhoun, Northeast Park, Howe, Bryn Mawr, Willard-Hay, Minnehaha, Phillips West, Fulton, Audubon Park, Diamond Lake, St. Anthony East, Midtown Phillips, and Windom Park are projected to generate over $168/night for a 2 bedroom vacation rental, on average! There were 1,884 vacation active rental properties in Minneapolis.  1,476 are renting the entire place, and 408 are shared rooms.  On average, during the month of January 2023, each vacation rental property in Minneapolis is booked 57% of the time, and most hosts are projected to generate $2,157 or more during the month of January! See how much you could earn with our free vacation rental income calculator.
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$168.00 Per Night*

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56% Occupied*

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$2,157.00 Per Month*

* Based on the median average of all vacation rentals in the Minneapolis area.
Get a free estimate for your home or condo.

Vacation Rentals in Minneapolis are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.

Successful short-term vacation rentals in Minneapolis, Minnesota

Positive vacation rental trends in Minneapolis, Minnesota when you considering renting out your Minneapolis home as a short-term rental One of the best ways to make a profit from renting out your Minneapolis home is by choosing to live in it during the off season. This can mean swapping out some of the furniture and kitchen appliances for less used items and lowering your monthly utility costs. Another way to reduce costs is by taking advantage of short-term vacation rentals in Minneapolis, MN. There are plenty of vacation rentals available throughout the city that allow guests to stay in a vacant house or condo while they travel. These short-term rentals are perfect for people who are looking to save money on lodging expenses while enjoying all the benefits that come with living in Minneapolis.

Positive vacation rental trends in Minneapolis, Minnesota include more people renting out their homes to guests on a short-term basis. While short-term rentals can create short-term problems such as renters not respecting property and neighbors, they can also bring long-term benefits such as increased foot traffic and revenue for owners. Moreover, short-term rentals provide an opportunity for owners who might otherwise be unable to take time off or find reliable tenants due to financial constraints. And while there are still challenges to short-term rentals such as concerns about overcrowding and higher costs associated with being a landlord, the benefits of short-term rentals outweigh the risks. Here are some of the positive vacation rental trends in Minneapolis, Minnesota to consider when you're thinking about renting out your Minneapolis home:

RedAwning takes the guess-work out of Minneapolis property management, and we work with you to ensure your Minneapolis short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Minneapolis vacation rental could earn:

Revenue Projections for Vacation Rentals in Minneapolis, Minnesota during February, 2023

Based on a 2 bedroom, which is the most common Minneapolis vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in February. Higher bars below can command higher prices, if your Minneapolis vacation rental is available during these days.
 
$15579%1st
 
$15680%2nd
 
$17181%3rd
 
$17680%4th
 
$16278%5th
 
$15777%6th
 
$15877%7th
 
$15877%8th
 
$15878%9th
 
$17179%10th
 
$17379%11th
 
$15878%12th
 
$15677%13th
 
$15677%14th
 
$15778%15th
 
$15879%16th
 
$17481%17th
 
$17681%18th
 
$16280%19th
 
$15778%20th
 
$15677%21st
 
$15777%22nd
 
$15778%23rd
 
$16979%24th
 
$17178%25th
 
$15777%26th
 
$15476%27th
 
$15376%28th
 

Average Daily Price & Percent Occupied Next Month In Minneapolis

Note: These averages are based on a 2 bedroom home in Minneapolis. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Minneapolis, Minnesota?

If you are a speculative home buyer or have another home in Minnesota, check out our other Minnesota Vacation Rental Management reports in BloomingtonDuluthRochester,  and Rosemount, Minnesota or view all of our vacation rental market reports

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