Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55414
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,700 (0% vs FY2026). Renters in this ZIP code pay a median $1,425 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,240 | $1,240 | 0% | $1,116–1,364 | $1,236 ±$116 |
| 1 bedroom | $1,400 | $1,400 | 0% | $1,260–1,540 | $1,246 ±$109 |
| 2 bedrooms | $1,700 | $1,700 | 0% | $1,530–1,870 | $1,524 ±$95 |
| 3 bedrooms | $2,220 | $2,250 | -1.3% | $1,998–2,442 | $1,828 ±$159 |
| 4 bedrooms | $2,490 | $2,520 | -1.2% | $2,241–2,739 | $1,530 ±$466 |
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 55414
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 |
|---|---|---|---|
| 55413 | Minneapolis | $1,950 | $1,809 |
| 55415 | Minneapolis | $2,400 | $3,031 |
| 55412 | Minneapolis | $1,770 | $1,288 |
| 55416 | Minneapolis | $2,280 | $2,049 |
| 55411 | Minneapolis | $1,690 | $1,523 |
| 55417 | Minneapolis | $1,720 | $1,643 |
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.