Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55418
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,850 (+7.6% 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 | $1,350 | $1,250 | +8% | $1,215–1,485 | $1,045 ±$253 |
| 1 bedroom | $1,520 | $1,410 | +7.8% | $1,368–1,672 | $1,091 ±$66 |
| 2 bedrooms | $1,850 | $1,720 | +7.6% | $1,665–2,035 | $1,657 ±$69 |
| 3 bedrooms | $2,420 | $2,280 | +6.1% | $2,178–2,662 | $1,880 ±$128 |
| 4 bedrooms | $2,710 | $2,550 | +6.3% | $2,439–2,981 | $1,863 ±$1,102 |
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 55418
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 |
|---|---|---|---|
| 55417 | Minneapolis | $1,720 | $1,643 |
| 55419 | Minneapolis | $1,880 | $1,839 |
| 55416 | Minneapolis | $2,280 | $2,049 |
| 55420 | Minneapolis | $1,590 | $1,303 |
| 55415 | Minneapolis | $2,400 | $3,031 |
| 55421 | Minneapolis | $1,610 | $1,337 |
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.