Full service rental property management in Minneapolis, MN
Minneapolis runs the most demanding rental license program in the metro, and the tier your property lands in decides both what you pay and how often an inspector visits. Freedom Rental Property Management handles the license, the inspection and the corrections so you do not have to learn the points system yourself.
We manage single family homes, townhomes and small multifamily rentals: pricing and marketing, tenant screening against written criteria, electronic leasing, rent collection and monthly owner statements, maintenance coordination with after hours on call, and an annual inspection with a photo report. There is no markup on vendor invoices.
For a fuller description of the role, see what a property manager does.
Freedom Rental Property Management is a Minneapolis property management company based in nearby Maple Grove. Owners get one local point of contact, fast answers, and a team that runs your home the way we run our own rentals.
Tell us about your property and we’ll send a free rent estimate and walk you through what Minneapolis requires. We reply by email and text within a few minutes, 8 a.m. to 5 p.m.
Get a free Minneapolis rent estimate
What does property management cost in Minneapolis?
Managing a Minneapolis rental costs a flat $125 a month with Freedom Rental Property Management, whatever the rent, instead of the 8% to 12% of collected rent most companies charge. Tenant placement is 50% of one month’s rent with a $995 minimum, a lease renewal is $200, and the annual inspection is $200. Meeting a Minneapolis city inspector and handling the follow up is a flat $110.
Full schedule on our pricing page, with the year by year comparison in our guide to how much property managers charge.
How does the Minneapolis rental license work?
Minneapolis assigns every licensed rental property to one of three Property Conditions Tiers based on two years of inspection, violation and solid waste records. The tier sets your license fee and how often the city inspects, and properties in a higher tier are inspected more often and charged more (City of Minneapolis rental license fees).
Tier placement runs on points. Tier 1 is 0 to 19 points, Tier 2 is 20 to 39 points, and Tier 3 is 40 points or more. Points come from violations found at inspection: a life safety violation such as a missing smoke or carbon monoxide detector is 6 points, a quality of life violation such as pests or a failed water heater is 5 points, an additional code violation is 1 point, a nuisance violation such as trash or tall grass is half a point, and a notice to condemn is 10 points.
| Tier | Points | Fee, 1 to 3 unit building | Supplemental fee |
|---|---|---|---|
| Tier 1 | 0 to 19 | $98 plus $41 per unit | None |
| Tier 2 | 20 to 39 | $105 plus $75 per unit | $121 |
| Tier 3 | 40 or more | $121 plus $190 per unit | $243 |
The tier also sets how often the city comes back. Minneapolis inspects Tier 1 properties every eight years, Tier 2 every five years and Tier 3 every year, so the difference between the best and worst tier is an inspector at the property eight times as often.
Every Minneapolis rental license expires at the end of February, and a renewal received after March 15 carries a penalty of 25% of the license fee. The practical consequence of the tier system is that two avoidable violations at one inspection can move a single family rental from Tier 1 to Tier 2, which roughly doubles the per unit fee and puts the property on a shorter inspection cycle. Staying in Tier 1 is mostly a matter of catching detector, water heater and pest issues before the inspector does, which is what our annual inspection is for.
Who pays the city utilities on a Minneapolis rental?
Tenants can pay the city utility bill, but the account stays in the owner name.
The Minneapolis city utility bill covers water, sanitary sewer, stormwater, solid waste and recycling, and the state testing fee.
Minneapolis utility billing can be reached on 612-673-1114. We set this up at move in so the right party is on the account from day one, which is the most common source of a surprise balance at move out.
Worth re-checking rather than assuming. More metro cities are dropping tenant payments on city utility accounts entirely, so whatever Minneapolis allowed when you bought may not be what Minneapolis allows now. We confirm it at onboarding.
What do rentals go for in Minneapolis?
These are the ranges we see on Minneapolis rentals we manage and lease, based on 2026 rents. A three to four bedroom single family home in Minneapolis typically sits between $2,190 and $2,750 a month, with condition, finish level and garage space moving a property within that band more than square footage does.
| Property type | Typical Minneapolis rent |
|---|---|
| 2 bedroom townhome | $1,915 to $2,290 |
| 3 bedroom townhome | $2,255 to $2,540 |
| 3 bedroom single family | $2,190 to $2,505 |
| 4 bedroom single family | $2,510 to $2,750 |
| 5 bedroom single family | $2,650 to $2,990 |
| 2 bedroom apartment | $1,485 to $1,685 |
| 3 bedroom apartment | $1,785 to $2,085 |
Ranges are a starting point, not a quote. A free rental analysis prices your specific Minneapolis property against what has actually leased nearby.
Looking for a place to live? See our current homes for rent in Minneapolis and nearby cities.
Areas we serve near Minneapolis
Freedom Rental Property Management works across the Twin Cities metro from our office in Maple Grove. Nearby areas we also serve:
- Brooklyn Park rental property management
- Golden Valley rental property management
- Richfield rental property management
- St. Louis Park rental property management
- Crystal rental property management
The full list is on our service area page.
For the statewide rules that apply in every city, see our guide to Minnesota landlord rules.
Talk to us about your Minneapolis rental
Freedom Rental Property Management LLC
13570 Grove Dr Suite 158
Maple Grove, MN 55311
Phone: 763-445-9774
A free rental analysis will tell you what your Minneapolis property should rent for, or contact us to go through the Minneapolis license requirements together.