Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55424
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,290 (+1.8% vs FY2026). Renters in this ZIP code pay a median $2,048 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,670 | $1,640 | +1.8% | $1,503–1,837 | – |
| 1 bedroom | $1,880 | $1,850 | +1.6% | $1,692–2,068 | $1,415 ±$728 |
| 2 bedrooms | $2,290 | $2,250 | +1.8% | $2,061–2,519 | $1,528 ±$960 |
| 3 bedrooms | $2,990 | $2,980 | +0.3% | $2,691–3,289 | $2,656 ±$2,308 |
| 4 bedrooms | $3,350 | $3,330 | +0.6% | $3,015–3,685 | $3,234 ±$134 |
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 55424
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 |
|---|---|---|---|
| 55423 | Minneapolis | $1,740 | $1,448 |
| 55425 | Minneapolis | $1,840 | $1,634 |
| 55422 | Minneapolis | $1,890 | $1,588 |
| 55426 | Minneapolis | $1,830 | $1,706 |
| 55421 | Minneapolis | $1,610 | $1,337 |
| 55427 | Minneapolis | $1,780 | $1,570 |
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.