Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55401
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,600 (+1.6% vs FY2026). Renters in this ZIP code pay a median $2,023 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,900 | $1,860 | +2.2% | $1,710–2,090 | $1,714 ±$184 |
| 1 bedroom | $2,140 | $2,100 | +1.9% | $1,926–2,354 | $1,859 ±$97 |
| 2 bedrooms | $2,600 | $2,560 | +1.6% | $2,340–2,860 | $2,806 ±$184 |
| 3 bedrooms | $3,390 | $3,390 | 0% | $3,051–3,729 | $3,109 ±$509 |
| 4 bedrooms | $3,810 | $3,790 | +0.5% | $3,429–4,191 | – |
Small Area FMRs for the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area, 2 bedrooms: $1,734.
What renters pay in 55401
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 55402 | Minneapolis | $2,040 | – |
| 55403 | Minneapolis | $1,760 | $1,867 |
| 55404 | Minneapolis | $1,630 | $1,378 |
| 55405 | Minneapolis | $1,540 | $1,541 |
| 55406 | Minneapolis | $1,710 | $1,486 |
| 55407 | Minneapolis | $1,560 | $1,391 |
Fair Market Rents across Hennepin County, MN · All MN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.