Short-term rentals (STRs), often referred to as "short-term rental units," are legal in Minneapolis, Minnesota, but they must adhere to strict regulations set by the city. The Minneapolis Department of Regulatory Services oversees the licensing of these rentals, requiring hosts to apply for a short-term rental license. The types of rentals include homesteaded properties (where the host lives), non-homesteaded units in buildings with fewer than 20 units, and those in larger buildings, with specific caps on the proportion of units allowed as STRs (no more than 10% in multi-unit properties). Rentals can cater to a range of guests; urban apartments thrive due to demand from tourists and business travelers, especially near downtown, which hosts major events and conventions. The market is bolstered by a year-round influx of visitors, making Minneapolis an attractive location for STR investments. To operate legally, hosts must maintain liability insurance, notify neighbors, and comply with various health and safety regulations. For more information on regulations and requirements, check the following official resources: Minneapolis Short-Term Rentals and Airbnb Help Center for Minneapolis.
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