Minneapolis vs New York City
Minnesota Legal with Permit | New York Effectively Banned
Disclaimer: General information only — not legal advice. Verify with your local government.
| Requirement | Minneapolis, Minnesota | New York City, New York |
|---|---|---|
| Legality Status | Legal with Permit | Effectively Banned |
| Permit Fee | $64 short-term rental registration fee | $145 registration fee (OSE) |
| Tax Rate | 6.875% state sales tax + up to 3% Minneapolis entertainment tax (~10% combined) | 5.875% hotel room occupancy tax + state/city sales tax |
| Annual Day Limit | No limit | No limit |
| Renewal Interval | Annual | Every 2 years |
| Platform Remits Taxes | Yes | Yes |
| Max Fine Example | Up to $2,000 per violation; license revocation for repeated offenses | $5,000 first offense; up to $7,500 for subsequent violations |
| Verdict | Minneapolis has more favorable STR regulations overall. | |
Minneapolis, Minnesota
Status Legal with Permit
Permit Fee $64 short-term rental registration fee
Tax Rate 6.875% state sales tax + up to 3% Minneapolis entertainment tax (~10% combined)
Day Limit No limit
Renewal Annual
Platform Tax Yes
Max Fine Up to $2,000 per violation; license revocation for repeated offenses
New York City, New York
Status Effectively Banned
Permit Fee $145 registration fee (OSE)
Tax Rate 5.875% hotel room occupancy tax + state/city sales tax
Day Limit No limit
Renewal Every 2 years
Platform Tax Yes
Max Fine $5,000 first offense; up to $7,500 for subsequent violations
Minneapolis has more favorable STR regulations overall.
Minneapolis Overview
Owners limited to one STR property plus their homesteaded residence; buildings with 20+ units capped at 10% STR units. $300,000 liability insurance and neighbor notification required.
Full Minneapolis guide →New York City Overview
Local Law 18 (2023) requires hosts to register with OSE, be present during stays, and limits guests to 2. Entire-apartment rentals under 30 days are effectively banned. Only hosted stays with the owner present are permitted.
Full New York City guide →Frequently Asked Questions
Is it easier to Airbnb in Minneapolis or New York City?
Minneapolis is classified as "Legal with Permit" while New York City is "Effectively Banned." Minneapolis's permit fee is $64 short-term rental registration fee compared to $145 registration fee (OSE) in New York City.
Which city has higher STR taxes — Minneapolis or New York City?
Minneapolis charges 6.875% state sales tax + up to 3% Minneapolis entertainment tax (~10% combined), while New York City charges 5.875% hotel room occupancy tax + state/city sales tax. Compare the full breakdown in the table above.
Which city has stricter fines for illegal short-term rentals?
Minneapolis: Up to $2,000 per violation; license revocation for repeated offenses. New York City: $5,000 first offense; up to $7,500 for subsequent violations.