Despite a boom in population, Minneapolis has managed to keep rents relatively steady through a combination of legislative action and private investment.
Zoning and permitting changes in Minneapolis helped spur a development boom in recent years even as the population grows steadily, writes Conrad Zbikowski in Streets MN. "Collective legislative action and private investment powered one of the largest increases in residential population in the history of Minneapolis, all while keeping rents for preexisting apartments relatively stable."
According to Zbikowski, one major factor was legalizing “intentional communities” — essentially legalizing a larger number of unrelated roommates and the physical changes to homes that make that type of living possible.
"The second major change was the Minneapolis 2040 Comprehensive Plan that legalized higher-density development around the University of Minnesota." According to HUD, Minneapolis built over 32,000 new housing units between 2013 and 2024.
Read the full story: How Zoning, Home Building, and “Intentional Communities” Kept Rent Lower in Minneapolis
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