Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55427
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,780 (+2.3% vs FY2026). Renters in this ZIP code pay a median $1,472 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,300 | $1,260 | +3.2% | $1,170–1,430 | $1,206 ±$166 |
| 1 bedroom | $1,460 | $1,430 | +2.1% | $1,314–1,606 | $1,307 ±$74 |
| 2 bedrooms | $1,780 | $1,740 | +2.3% | $1,602–1,958 | $1,570 ±$162 |
| 3 bedrooms | $2,320 | $2,300 | +0.9% | $2,088–2,552 | $2,089 ±$373 |
| 4 bedrooms | $2,610 | $2,580 | +1.2% | $2,349–2,871 | $2,333 ±$728 |
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 55427
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 |
|---|---|---|---|
| 55426 | Minneapolis | $1,830 | $1,706 |
| 55428 | Minneapolis | $1,580 | $1,343 |
| 55425 | Minneapolis | $1,840 | $1,634 |
| 55429 | Minneapolis | $1,540 | $1,373 |
| 55424 | Minneapolis | $2,290 | $1,528 |
| 55430 | Minneapolis | $1,660 | $1,415 |
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.