Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55408
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,980 (+3.7% vs FY2026). Renters in this ZIP code pay a median $1,364 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,440 | $1,390 | +3.6% | $1,296–1,584 | $1,124 ±$64 |
| 1 bedroom | $1,630 | $1,570 | +3.8% | $1,467–1,793 | $1,233 ±$45 |
| 2 bedrooms | $1,980 | $1,910 | +3.7% | $1,782–2,178 | $1,735 ±$104 |
| 3 bedrooms | $2,590 | $2,530 | +2.4% | $2,331–2,849 | $2,054 ±$179 |
| 4 bedrooms | $2,900 | $2,830 | +2.5% | $2,610–3,190 | $2,629 ±$773 |
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 55408
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 |
|---|---|---|---|
| 55407 | Minneapolis | $1,560 | $1,391 |
| 55409 | Minneapolis | $1,650 | $1,632 |
| 55406 | Minneapolis | $1,710 | $1,486 |
| 55410 | Minneapolis | $2,040 | $1,904 |
| 55405 | Minneapolis | $1,540 | $1,541 |
| 55411 | Minneapolis | $1,690 | $1,523 |
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.