Investors with a few doors in the West Metro ask about Plymouth rents pretty often. Here is the most recent data I pulled as of October 2026.
Latest Numbers from Rent.com
Updated October 20, 2026:
- Studio apartments: $1,277 (up 40% from last year)
- 1 bedroom: $1,407 (up 5%)
- 2 bedroom: $1,692 (down 4%)
Apartment rents are one thing. Single family homes and townhomes in Plymouth usually go for more, especially 3 bedroom properties in the Wayzata school district or near good parks.
What It Means for Small Investors
The jump in studio rents and slight dip in 2-beds suggests the market is sorting itself out after a wave of new apartments. For owners of 1-15 doors, this means pricing your units right is key. Overprice and you sit vacant longer.
I tell my clients to look at actual leased comps on Zillow or Apartments.com rather than averages. A clean 3-bed single family in Plymouth right now leases in the $2,200 to $2,600 range depending on updates and location.
Comparison to Nearby Cities
Minnetonka 1-beds are averaging around $1,530. Eden Prairie is lower at about $1,356. Plymouth is competitive in the middle of the pack.
Broader Twin Cities forecasts for the rest of 2026 point to less new supply coming online, which should help stabilize or lift rents in the suburbs.
How Rents Have Changed
Looking at the trend line, studios had a big move up, probably from limited supply in that segment. Larger units softened a bit as more 2-bed apartments came online. For 2026, expect the market to tighten again as construction slows.
Bottom Line
Rent data is a starting point. The real edge comes from knowing your specific neighborhood and keeping the property in good shape. I manage 13 doors myself across the West Metro and I see what actually rents and what does not.
If you own or are looking at property in Plymouth and want straight talk on rents, tenant screening, or management, call me at 952-994-4451 or use the contact form. Northome Property Management keeps it simple and local for small portfolio owners.