Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55412
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,770 (+0.6% vs FY2026). Renters in this ZIP code pay a median $1,401 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,290 | $1,280 | +0.8% | $1,161–1,419 | $782 ±$124 |
| 1 bedroom | $1,460 | $1,450 | +0.7% | $1,314–1,606 | $851 ±$526 |
| 2 bedrooms | $1,770 | $1,760 | +0.6% | $1,593–1,947 | $1,288 ±$196 |
| 3 bedrooms | $2,310 | $2,330 | -0.9% | $2,079–2,541 | $1,966 ±$296 |
| 4 bedrooms | $2,590 | $2,610 | -0.8% | $2,331–2,849 | $2,324 ±$250 |
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 55412
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 |
|---|---|---|---|
| 55411 | Minneapolis | $1,690 | $1,523 |
| 55413 | Minneapolis | $1,950 | $1,809 |
| 55410 | Minneapolis | $2,040 | $1,904 |
| 55414 | Minneapolis | $1,700 | $1,524 |
| 55409 | Minneapolis | $1,650 | $1,632 |
| 55415 | Minneapolis | $2,400 | $3,031 |
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.