We investigate the expected value of various graph parameters associated with the minimum rank of a graph, including minimum rank/maximum nullity and related Colin de Verdière-type parameters. Let G(v,p) denote the usual Erdős-Rényi random graph on v vertices with edge probability p. We obtain bounds for the expected value of the random variables mr(G(v,p)), M(G(v,p)), ν(G(v,p)) and ξ(G(v,p)), which yield bounds on the average values of these parameters over all labeled graphs of order v.