Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55416
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,280 (+5.6% vs FY2026). Renters in this ZIP code pay a median $1,755 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,660 | $1,570 | +5.7% | $1,494–1,826 | $1,440 ±$122 |
| 1 bedroom | $1,880 | $1,780 | +5.6% | $1,692–2,068 | $1,632 ±$64 |
| 2 bedrooms | $2,280 | $2,160 | +5.6% | $2,052–2,508 | $2,049 ±$154 |
| 3 bedrooms | $2,980 | $2,860 | +4.2% | $2,682–3,278 | $2,592 ±$474 |
| 4 bedrooms | $3,340 | $3,200 | +4.4% | $3,006–3,674 | $1,611 ±$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 55416
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 |
|---|---|---|---|
| 55415 | Minneapolis | $2,400 | $3,031 |
| 55417 | Minneapolis | $1,720 | $1,643 |
| 55414 | Minneapolis | $1,700 | $1,524 |
| 55418 | Minneapolis | $1,850 | $1,657 |
| 55413 | Minneapolis | $1,950 | $1,809 |
| 55419 | Minneapolis | $1,880 | $1,839 |
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.