Small investors with a few doors in the West Metro ask me all the time what rents are doing in Plymouth. Here’s the straight data I pull when pricing properties for my own 13 doors and for clients.
Apartment Rents Right Now
Latest numbers from Rent.com and Redfin show these averages for apartments in Plymouth:
- Studio: $1,277
- 1-bedroom: $1,407
- 2-bedroom: $1,692
Overall market average sits around $1,800 depending on the exact unit mix. These are mostly larger apartment complexes. Rents have been fairly flat to slightly up year over year in most West Metro suburbs.
Single Family Homes and Small Multifamily
For the 1-15 door investor, the real numbers that matter are single family and duplex rents. In Plymouth, a clean 3-bedroom single family home typically rents for $2,200 to $2,600 per month. A well-maintained 4-bedroom can push $2,800 to $3,100 if it’s near good schools or parks.
Duplexes and small multifamily do even better per door when you keep them updated. I see my clients getting $1,800-$2,100 per side on 2-bedroom units in Plymouth neighborhoods like the ones near Medicine Lake or the Arbor Lakes area.
Vacancy Trends
Metro vacancy tightened to between 4.3% and 6.7% in early 2026. That’s down from over 8% in 2024. Plymouth tracks close to the metro average. Lower vacancy means tenants are competing for good units, so turnover is slower and you can be pickier on credit and references.
This is the kind of market where a small investor with a hands-on manager wins. You keep the property rented at market rate without long vacancies eating your cash flow.
How I Help Clients Price Their Plymouth Rentals
I tell owners to look at three things: recent leased comps in the same neighborhood, condition of the property, and how fast you want it filled. Pricing 3-5% below the top comps usually gets you a tenant in 10-14 days instead of 30. The extra vacancy cost on a $2,400 rent unit is real money.
Plymouth requires a rental license. I handle that registration and the city inspection for my clients so it doesn’t become a headache. Most cities in Hennepin County have similar rules now.
Bottom Line for Small Investors
Plymouth remains a strong market for small portfolios. Rents are holding, vacancy is reasonable, and demand stays steady from families who want the schools and the location between Minneapolis and the western suburbs. If you own or are looking at property here, the numbers support keeping it as a rental rather than selling in most cases.
If you have a property in Plymouth or another West Metro city and want current rental comps or help figuring out what it should rent for, call me at 952-994-4451 or use the contact form on this site. I manage 13 doors myself and keep the whole operation straightforward with a flat $125 per month fee and no markups on repairs.