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College of Education & Human Development Institute of Child Development

Institute of Child Development
51 East River Road - Minneapolis, MN 55455 USA
Tel: 612-624-0526 - Fax: 612-624-6373

Living in the Twin Cities on a graduate student budget

Affordable living in the Twin Cities depends greatly on where you choose to live and on what kind of living arrangements you choose.

During most of 2002, renters saw an increase in vacancy rates, a stabilization of rent prices and a hefty increase in inducements from landlords to rent in their buildings. They can expect more of the same in 2003.
Star Tribune, January 18, 2003

Apartment vacancies rise, rents flat
The Business Journal, January 17, 2003

Among the most expensive options is living alone near the University, in the areas known as Dinkytown or Southeast Minneapolis. One-bedroom apartments range from $550 to $750/month. If you are coming to Minnesota without a car, you will find living in these areas convenient, particularly since you won't have to drive to campus. On the other hand, these areas don't have grocery stores - taking a bus is an option but may be a hassle.

You can also find reasonable two-bedroom apartments in Dinkytown and Southeast Minneapolis - rents range from $750-$950. The higher rent you pay to be near campus may be worth it if you plan to walk to school; parking near and on campus can be difficult and quite expensive ($.50-$1.50 per hour).

The least expensive option is to live with one or more roommates in one of the other neighborhoods in Minneapolis or St. Paul. Uptown Minneapolis is a popular location with a wide range of apartments; rents tend to be a bit lower than rents near campus. In general, you can expect to pay $525-$700 for a one-bedroom and $800-$900 for a two bedroom. There are numerous bus routes through Uptown, and there is accessible shopping. There are beautiful lakes nearby if you like to walk, bike, or jog. A disadvantage to living in Uptown can be parking; make sure to consider the hassles of on-street parking before you opt to live in a building without a parking lot. I found locating an apartment in Uptown to be a difficult process - the occupancy rates are quite high there, so plan to spend some time searching for the perfect place!

There are several nice areas in and around St. Paul that also tend to be less expensive than living near the University. Rents are comparable to rents in Uptown; you may have to do a bit of driving and searching to find apartment complexes in St. Paul. They aren't clustered together like in Uptown - several areas to try are those around some of the smaller local colleges. I live in a suburb of St. Paul called Roseville; my drive to campus takes about ten or fifteen minutes.

Your monthly expenses will reflect your style of living. Entertainment here is relatively inexpensive - there are numerous free museums and activities; you might also look into student "rush" tickets to various cultural events and performances.

Living on a graduate student budget isn't easy; neither is it impossible. You need to take into account rent, car expenses, utilities, food and entertainment, travel expenses (particularly if you live far from home), and other miscellaneous expenses. Many current ICD students will be happy to talk with you about graduate student funding and about possibilities for apartment hunting—just ask!

Minnesota – A great place to live

 
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Last modified on August 15, 2008