Rent in Minneapolis, MN
Across Minneapolis's 59 ZIP codes, a 2-bedroom typically rents for about $1,734 a month, with figures from $1,288–$3,031. The highest typical rent is in 55415 ($3,031) and the lowest in 55412 ($1,288). 45 ZIPs have ZIP-level figures from HUD or Census; the other 14 use the county Fair Market Rent. Owner-occupied homes in Hennepin County pay about 1.14% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,265 | $388–$1,879 | 59 |
| 1 bed | $1,427 | $1,058–$1,958 | 59 |
| 2 beds | $1,734 | $1,288–$3,031 | 59 |
| 3 beds | $2,091 | $1,107–$3,109 | 59 |
| 4 beds | $2,538 | $1,139–$3,250 | 59 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Minneapolis ZIP codes
2 beds- 55401$1,734–$2,806
- 55402$1,734
- 55403$1,734–$1,867
- 55404$1,378–$1,734
- 55405$1,541–$1,734
- 55406$1,486–$1,734
- 55407$1,391–$1,734
- 55408$1,734–$1,735
- 55409$1,632–$1,734
- 55410$1,734–$1,904
- 55411$1,523–$1,734
- 55412$1,288–$1,734
- 55413$1,734–$1,809
- 55414$1,524–$1,734
- 55415$1,734–$3,031
- 55416$1,734–$2,049
- 55417$1,643–$1,734
- 55418$1,657–$1,734
- 55419$1,734–$1,839
- 55420$1,303–$1,734
- 55421$1,337–$1,734
- 55422$1,588–$1,734
- 55423$1,448–$1,734
- 55424$1,734
- 55425$1,634–$1,734
- 55426$1,706–$1,734
- 55427$1,570–$1,734
- 55428$1,343–$1,734
- 55429$1,373–$1,734
- 55430$1,415–$1,734
- 55431$1,734–$1,842
- 55432$1,435–$1,734
- 55433$1,493–$1,734
- 55434$1,734–$1,878
- 55435$1,734–$2,021
- 55436$1,734–$1,921
- 55437$1,734–$1,763
- 55438$1,707–$1,734
- 55439$1,644–$1,734
- 55440$1,734
- 55441$1,734–$1,745
- 55442$1,734–$2,108
- 55443$1,520–$1,734
- 55444$1,734
- 55445$1,734–$2,338
- 55446$1,734–$2,187
- 55447$1,734–$1,760
- 55448$1,701–$1,734
- 55449$1,706–$1,734
- 55450$1,734
- 55454$1,734
- 55455$1,734
- 55458$1,734
- 55467$1,734
- 55474$1,734
- 55479$1,734
- 55480$1,734
- 55487$1,734
- 55488$1,734
Frequently asked questions
- What is the average rent for a 2-bedroom in Minneapolis, MN?
- About $1,734 a month: the median of the typical rents in 59 ZIP codes, which range from $1,288–$3,031. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Minneapolis, MN?
- About $1,427 a month: the median of the typical rents in 59 ZIP codes, which range from $1,058–$1,958. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Minneapolis, MN?
- About $2,091 a month: the median of the typical rents in 59 ZIP codes, which range from $1,107–$3,109. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Minneapolis, MN?
- About $1,265 a month: the median of the typical rents in 59 ZIP codes, which range from $388–$1,879. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Minneapolis, MN?
- About $2,538 a month: the median of the typical rents in 59 ZIP codes, which range from $1,139–$3,250. Figures are gross rent (rent plus tenant-paid utilities).
- Which Minneapolis ZIP code has the highest rent?
- For a 2-bedroom, 55415 has the highest typical rent at $3,031 a month, and 55412 the lowest at $1,288.
- What is the property tax rate in Minneapolis, MN?
- Owner-occupied homes in Hennepin County pay a typical 1.14% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Minneapolis rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).