Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55409
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,650 (0% vs FY2026). Renters in this ZIP code pay a median $1,334 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,200 | $1,200 | 0% | $1,080–1,320 | $982 ±$177 |
| 1 bedroom | $1,360 | $1,360 | 0% | $1,224–1,496 | $1,138 ±$80 |
| 2 bedrooms | $1,650 | $1,650 | 0% | $1,485–1,815 | $1,632 ±$160 |
| 3 bedrooms | $2,150 | $2,180 | -1.4% | $1,935–2,365 | $1,702 ±$319 |
| 4 bedrooms | $2,410 | $2,440 | -1.2% | $2,169–2,651 | – |
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 55409
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 |
|---|---|---|---|
| 55408 | Minneapolis | $1,980 | $1,735 |
| 55410 | Minneapolis | $2,040 | $1,904 |
| 55407 | Minneapolis | $1,560 | $1,391 |
| 55411 | Minneapolis | $1,690 | $1,523 |
| 55406 | Minneapolis | $1,710 | $1,486 |
| 55412 | Minneapolis | $1,770 | $1,288 |
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.