Rent by ZIP · Hennepin County
Rent in Minneapolis, MN 55429
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,540 (-0.6% vs FY2026). Renters in this ZIP code pay a median $1,277 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,120 | $1,130 | -0.9% | $1,008–1,232 | $1,158 ±$92 |
| 1 bedroom | $1,270 | $1,270 | 0% | $1,143–1,397 | $1,180 ±$44 |
| 2 bedrooms | $1,540 | $1,550 | -0.6% | $1,386–1,694 | $1,373 ±$102 |
| 3 bedrooms | $2,040 | $2,050 | -0.5% | $1,836–2,244 | $1,787 ±$216 |
| 4 bedrooms | $2,280 | $2,300 | -0.9% | $2,052–2,508 | $2,714 ±$555 |
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 55429
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 |
|---|---|---|---|
| 55428 | Minneapolis | $1,580 | $1,343 |
| 55430 | Minneapolis | $1,660 | $1,415 |
| 55427 | Minneapolis | $1,780 | $1,570 |
| 55431 | Minneapolis | $2,090 | $1,842 |
| 55426 | Minneapolis | $1,830 | $1,706 |
| 55432 | Minneapolis | $1,600 | $1,435 |
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.