Rent by ZIP · Anoka County
Rent in Minneapolis, MN 55421
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,610 (+5.2% vs FY2026). Renters in this ZIP code pay a median $1,279 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,170 | $1,110 | +5.4% | $1,053–1,287 | $952 ±$80 |
| 1 bedroom | $1,330 | $1,260 | +5.6% | $1,197–1,463 | $1,175 ±$56 |
| 2 bedrooms | $1,610 | $1,530 | +5.2% | $1,449–1,771 | $1,337 ±$101 |
| 3 bedrooms | $2,100 | $2,020 | +4% | $1,890–2,310 | $1,819 ±$84 |
| 4 bedrooms | $2,360 | $2,270 | +4% | $2,124–2,596 | $2,149 ±$399 |
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 55421
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 |
|---|---|---|---|
| 55420 | Minneapolis | $1,590 | $1,303 |
| 55422 | Minneapolis | $1,890 | $1,588 |
| 55419 | Minneapolis | $1,880 | $1,839 |
| 55423 | Minneapolis | $1,740 | $1,448 |
| 55418 | Minneapolis | $1,850 | $1,657 |
| 55424 | Minneapolis | $2,290 | $1,528 |
Fair Market Rents across Anoka 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.