Is Airbnb legal in Minneapolis?

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Minneapolis, United States Airbnb Rules & Regulations

Last updated on: 19th September, 2024

Don’t worry, Airbnb is legal in Minneapolis!
Here are some statistics! As of 19th September, 2024, there are 1,645 listings available in Minneapolis from Airbnb alone. Out of 1,645 listings, 90% of listings have short-term rental licenses. Most listings have local permit to operate as a short-term rental. Keep reading this to learn more about short-term rental rules.
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Map
Occupancy Rate

67%

$121

Daily Rate

$29K

Revenue (2023)

1,645

Number of Listings

Short-term Rental Regulation & Rules in Minneapolis

In Minneapolis, short-term rental regulations are managed by the city's Short-Term Rental Office, which mandates that hosts obtain a registration or rental license based on the type of rental unit. The regulations categorize rentals into three main types:

  1. Homesteaded Units or Condos - These require registration, and hosts must display their registration ID on all listings. They limit occupancy to 10 people.

  2. Non-Homesteaded Units (fewer than 20 units) - These also require a short-term rental license, with similar conditions, including displaying the license ID and a management plan.

  3. Non-Homesteaded Units (20 or more units) - In such buildings, no more than 10% of units can be used for short-term rentals, and similar requirements apply as above.

All hosts must submit a management plan, liability insurance, and obtain a certificate of occupancy. Registration fees are set at $55, and hosts must notify neighbors about their rental activities. Importantly, property owners can maintain only one short-term rental in addition to their homesteaded property. For further assistance or clarification on compliance, hosts are encouraged to contact the city’s Short-Term Rental Office.

Airbnb Statistics in Minneapolis! 🚀

Currently, there are 1645 Airbnb listings in Minneapolis. The Average Occupancy Rate in Minneapolis is 67% and the average daily rate is $121. According to vacation rental market data source Airbtics, average revenue in Minneapolis is up to $29,547 each year.
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