Your Budget


Though the cost of living varies greatly in and around any city, here is a basic idea of the average amount our students are currently paying for rent in the Minneapolis area.

Type of Living Average Monthly Rent Utilities Usually Include
Student Housing Community
Individual Bedroom in 2,3,4 bedroom apartment		 $600 – $750 (per student) Cable, internet, water, sewer, trash, heat, washer & dryer, electric allowance
Student Housing Community
Shared Bedroom in 2,3,4 bedroom apartment		 $430 – $550 (per student) Cable, internet, water, sewer, trash, heat, washer & dryer, electric allowance
Student Housing Community
1 Bedroom Apartment (very limited)		 $1000 – $1200 (total cost) Cable, internet, water, sewer, trash, heat, washer & dryer, electric allowance
Studio Apartment $500 – $650 (total cost) Water, sewer, trash, heat
1 Bedroom Apartment $600 – $800 (total cost) Water, sewer, trash, heat
2 Bedroom Apartment $800 – $1000 (total cost) Water, sewer, trash, heat

A note on roommates…

Having a roommate is a great way to cut costs, but remember that IPR does not do any kind of roommate matching. If you’re moving to the Minneapolis area with a friend, living together is a great way to keep rent low. If you’re moving here alone
and are interested in living with a roommate, your best option is to look into a Student Housing Community.